Common use of Covenant to Deliver Business Materials and to Report Clause in Contracts

Covenant to Deliver Business Materials and to Report. The Employee acknowledges and agrees that all written materials including, without limitation, all memoranda, notes, records, reports, programs, algorithms and other documents or codes (and all copies thereof) concerning the business or affairs of the Company including, without limitation, the Intellectual Property, which he created or obtained or which otherwise came into his possession or control while employed with the Company, are property of the Company. Upon termination of his employment with the Company for any reason whatsoever the Employee shall promptly deliver all such materials and all copies thereof within the Employee's possession to the Company by courier or registered U.S. mail (return receipt requested). In addition, the Employee agrees to render to the Company such reports as it may request with respect to the activities undertaken by him or conducted under his direction in connection with his employment by the Company.

Covenant to Deliver Business Materials and to Report. The Employee acknowledges and agrees that all written materials including, without limitation, all memoranda, notes, records, reports, programs, algorithms and other documents or codes (and all copies thereof) concerning the business or affairs of the Company including, without limitation, the Intellectual Property, which he created or obtained or which otherwise came into his possession or control while employed with the Company, are property of the Company. Upon termination of his employment with the Company for any reason whatsoever , and the Employee shall promptly deliver all such materials and return all copies thereof within the Employee's possession to the Company by courier or registered U.S. mail (return receipt requested)after the termination of his employment. In addition, the Employee agrees to render to the Company such reports as it may reasonably request with respect to the activities undertaken by him or conducted under his direction in connection with his employment by the Company.