Common use of Executive Work Product; Inventions Clause in Contracts

Executive Work Product; Inventions. (i) Ideas, processes, developments and discoveries conceived by the Executive during the Term (collectively, the "Executive Work Product"), in any way related to the Confidential Information or the development, production, financing or marketing activities carried on by the Restricted Group, whether conceived alone or with others during the performance of his duties, and whether or not conceived during the regular working hours of the Company, shall be the sole and exclusive property of the various members of the Restricted Group, as applicable, and the Executive hereby assigns to the Restricted Group his entire right, title and interest in and to the Executive Work Product. The Restricted Group shall also have the right to keep any and all of the Executive Work Product as Confidential Information. (ii) Unless and except to the extent that the Company specifically agrees in writing to the contrary, the Executive hereby agrees, acknowledges and confirms that any and all work and other products to which he shall have directly or indirectly contributed during the Term or which other employees shall have produced or to which they shall have contributed under his supervision or otherwise during the Term shall be deemed to be "works for hire" in and to which the Company shall have full and exclusive right, title and interest. The Executive shall execute any and all documents reasonably necessary and appropriate to evidence the foregoing, and Executive hereby irrevocably appoints the Company as Executive's attorney in fact (which appointment will be deemed for consideration and coupled with an interest) to execute and file any such documents on Executive's behalf. (iii) The Executive will hold for the Company's sole benefit any Invention, which is to be the exclusive property of the Company or any of its Affiliates under this Section 7 regardless of whether any patent, copyright, trademark or other right or protection is issued. Any and all inventions will be promptly and fully disclosed by the Executive to the Board or an appropriate senior executive officer of the Company (other than the Executive), and is hereby assigned to the Company, without any additional compensation therefor.

Executive Work Product; Inventions. (ia) Ideas, processes, developments and discoveries conceived by the Executive during the Term (collectively, the "Executive Work Product"), in any way related to the Confidential Information or the development, production, financing or marketing activities carried on by the Restricted GroupCompany, whether conceived alone or with others during the performance of his duties, and whether or not conceived during the regular working hours of the CompanyCompany (collectively, the “Executive Work Product”), shall be the sole and exclusive property of the various members of the Restricted Group, as applicableCompany, and the Executive hereby assigns to the Restricted Group Company, his entire right, title and interest in and to the Executive Work Product. The Restricted Group Company shall also have the right to keep any and all of the Executive Work Product as its Confidential Information. (iib) Unless and except to the extent that the Company specifically agrees in writing to the contrary, the Executive hereby agrees, acknowledges and confirms that any and all work and other products to which he shall have directly or indirectly contributed during the Term or which other employees shall have produced or to which they shall have contributed under his supervision or otherwise during the Term shall be deemed to be "“works for hire" ” in and to which the Company shall have full and exclusive right, title and interest. The Executive shall execute any and all documents reasonably necessary and appropriate to evidence the foregoing, and Executive hereby irrevocably appoints the Company as Executive's ’s attorney in fact (which appointment will be deemed for consideration and coupled with an interest) to execute and file any such documents on the Executive's ’s behalf. (iiic) The Executive will hold for the Company's ’s sole benefit any Invention, which is to be the exclusive property of the Company or any of its Affiliates under this Section 7 regardless of whether any patent, copyright, trademark or other right or protection is issued. Any and all inventions Inventions will be promptly and fully disclosed by the Executive to the Board or an appropriate senior executive officer of the Company (other than the Executive)CEO, and is are hereby assigned to the Company, without any additional compensation therefor. For purposes of this Agreement, “Inventions” shall mean all inventions, products, discoveries, improvements, processes, marketing and services methods or techniques, formulae, designs, styles, specifications, data bases, computer programs (whether in source code or object code), know-how, strategies and data, whether or not patentable or registrable under copyright or similar statutes, made, developed or created by the Executive, whether at the request or suggestion of the Company or otherwise, whether alone or in conjunction with others, and whether during regular hours of work or otherwise, during the period of his employment by the Company which may pertain to the business, products or processes of the Company, and all papers, drawings, models, data, documents and other material pertaining to or in any way relating to any of the Inventions.