Common use of Future Developments Clause in Contracts

Future Developments. As to any future Developments made by Executive ------------------- that relate to the business, products or practices of the Company and that are first conceived or reduced to practice during the term of this Agreement, or within six months thereafter, but that are claimed for any reason to belong to an entity or person other than the Company, Executive will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Developments under the terms of this Agreement. If the Company makes such claim, Executive agrees that, insofar as the rights (if any) of Executive are involved, it will be settled by arbitration in accordance with the rules of the American Arbitration Association. The locale of the arbitration shall be Minneapolis, Minnesota (or other locale convenient to the Company's principal executive offices). If the Company makes no such claim, Executive hereby acknowledges that the Company has made no promise to receive and hold in confidence any such information disclosed by Executive.

Appears in 5 contracts

Samples: Employment Agreement (Medi Ject Corp /Mn/), Employment Agreement (Medi Ject Corp /Mn/), Employment Agreement (Medi Ject Corp /Mn/)

AutoNDA by SimpleDocs

Future Developments. As to any future Developments made by Executive ------------------- that relate to the business, products or practices of the Company and that are first conceived or reduced to practice during the term of this Agreement, or within six months thereafter, but that are claimed for any reason to belong to an entity or person other than the Company, Executive will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Developments under the terms of this Agreement. If the Company makes such claim, Executive agrees that, insofar as the rights (if any) of Executive are involved, it will be settled by arbitration in accordance with the rules of the American Arbitration Association. The locale of the arbitration shall be Minneapolis, Minnesota (or other locale convenient to the Company's principal executive offices). If the Company makes no such claim, Executive hereby acknowledges that the Company has made no promise to receive and hold in confidence any such information disclosed by Executive.

Appears in 3 contracts

Samples: Employment Agreement (Medi Ject Corp /Mn/), Employment Agreement (Medi Ject Corp /Mn/), Employment Agreement (Medi Ject Corp /Mn/)

Future Developments. As to any future Developments made by Executive ------------------- that which relate to the business, products or practices of the Company and that which are first conceived or reduced to practice during the term of this Agreement, or within six months thereafter, but that which are claimed for any reason to belong to an entity or person other than the Company, Executive will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Developments under the terms of this Agreement. If the Company makes such claim, Executive agrees that, insofar as the rights (if any) of Executive are involved, it will be settled by arbitration in accordance with the rules then obtaining of the American Arbitration Association. The locale of the arbitration shall be Minneapolis, Minnesota (or other locale convenient to the Company's principal executive offices). If the Company makes no such claim, Executive hereby acknowledges that the Company has made no promise to receive and hold in confidence any such information disclosed by Executive.

Appears in 3 contracts

Samples: Employment Agreement (Immune Response Inc), Employment Agreement (Immune Response Inc), Employment Agreement (Fieldworks Inc)

Future Developments. As to any future Developments made by Executive ------------------- that relate to the business, products or practices of the Company Employee and that which are first conceived or reduced to practice during the term Term of this AgreementEmployment, or within six months thereafter, but that which are claimed for any reason to belong to an entity or person other than the Company, Executive Employee will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty sixty (2060) days thereafter, shall claim ownership of such Developments under the terms of this Agreementagreement. If the Company makes such claim, Executive Employee agrees that, insofar as the rights (if any) of Executive Employee are involved, it will be settled by arbitration in accordance with the rules of the American Arbitration Association. The locale of the arbitration shall be Minneapolis, Minnesota (or other locale convenient to the Company's principal executive offices). If the Company makes no such claim, Executive Employee hereby acknowledges that the Company has made no promise to receive and hold in confidence any such information disclosed by ExecutiveEmployee.

Appears in 2 contracts

Samples: Employment Agreement (Videolabs Inc), Employment Agreement (Videolabs Inc)

AutoNDA by SimpleDocs

Future Developments. As to any future Developments made by Executive ------------------- that which relate to the business, products or practices of the Company and that which are first conceived or reduced to practice during the term of this Agreementagreement, or within six (6) months thereafter, but that which are claimed for any reason to belong to an entity or person other than the Company, Executive will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Developments under the terms of this Agreementagreement. If the Company makes such claim, Executive agrees that, insofar as the rights (if any) of Executive are involved, it will be settled by arbitration in accordance with the rules then obtaining of the American Arbitration Association. The locale of the arbitration shall be Minneapolis, Minnesota (or other locale convenient to the Company's principal executive offices). If the Company makes no such claim, Executive hereby acknowledges that the Company has made no promise to receive and hold in confidence any such information disclosed by Executive.

Appears in 1 contract

Samples: Employment Agreement (Young America Holdings Inc)

Future Developments. As to any future Developments made by Executive ------------------- that which relate to the business, products or practices of the Company and that which are first conceived or reduced to practice during the term of this Agreement, or within six months thereafter, but that which are claimed for any reason to belong to an entity or person other than the Company, Executive will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Developments under the terms of this Agreement. If the Company makes such claim, Executive agrees that, insofar as the rights (if any) of Executive are involved, it will be settled by arbitration in accordance with the rules then obtaining of the American Arbitration Association. The locale of the arbitration shall be Minneapolis, Minnesota (or other locale convenient to the Company's principal executive offices)Minnesota. If the Company makes no such claim, Executive hereby acknowledges that the Company has made no promise to receive and hold in confidence any such information disclosed by Executive.

Appears in 1 contract

Samples: Employment Agreement (Enstar Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!