Common use of Exclusive Rights of the Company in Work Product Clause in Contracts

Exclusive Rights of the Company in Work Product. The parties acknowledge and agree that all work performed by Employee for the Company or any of its Affiliates shall be deemed “work for hire.” The Company shall at all times own and have exclusive right, title and interest in and to all Confidential Information and Inventions (as defined below), and the Company shall retain the exclusive right to license, sell, transfer and otherwise use and dispose of the same. Any and all enhancements of the technology of the Company or any of its Affiliates that are developed by Employee shall be the exclusive property of the Company. Employee hereby assigns to the Company any right, title and interest in and to all Inventions that he may have, by law or equity, without additional consideration of any kind whatsoever from the Company or any of its Affiliates. Employee agrees to execute and deliver any instruments or documents and to do all other things (including the giving of testimony) requested by the Company (both during and after the termination of his employment with the Company) in order to vest more fully in the Company or any of its Affiliates all ownership rights in the Inventions (including obtaining patent, copyright or trademark protection therefore in the United States and/or foreign countries).

Appears in 3 contracts

Samples: Change of Control Agreement (Heartland Financial Usa Inc), Change of Control Agreement (Heartland Financial Usa Inc), Change of Control Agreement (Heartland Financial Usa Inc)

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Exclusive Rights of the Company in Work Product. The parties acknowledge and agree that all work performed by Employee Executive for the Company Employer or any of its Affiliates shall be deemed “work for hire.” The Company Employer shall at all times own and have exclusive right, title and interest in and to all Confidential Information and Inventions (as defined below), and the Company Employer shall retain the exclusive right to license, sell, transfer and otherwise use and dispose of the same. Any and all enhancements of the technology of the Company Employer or any of its Affiliates that are developed by Employee Executive shall be the exclusive property of the CompanyEmployer. Employee Executive hereby assigns to the Company Employer any right, title and interest in and to all Inventions that he Executive may have, by law or equity, without additional consideration of any kind whatsoever from the Company Employer or any of its Affiliates. Employee Executive agrees to execute and deliver any instruments or documents and to do all other things (including the giving of testimony) requested by the Company Employer (both during and after the termination of his Executive’s employment with the CompanyEmployer) in order to vest more fully in the Company Employer or any of its Affiliates all ownership rights in the Inventions (including obtaining patent, copyright or trademark protection therefore in the United States and/or foreign countries).

Appears in 2 contracts

Samples: Employment Agreement (First Federal Bancshares Inc /De), Employment Agreement (First Federal Bancshares Inc /De)

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