Common use of Inventions and Improvements Clause in Contracts

Inventions and Improvements. (A) It shall be part of the normal duties of the Chief Executive Officer at all times: (i) to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company, or any Associated Company, with which he is concerned or for which he is responsible might be improved; and (ii) ensure that the Board is given details of any invention or improvement which he may from time to time make or discover in the course of his duties; and (iii) to further the interests of the Company's undertaking with regard thereto. The Company shall be entitled free of charge to the sole ownership of any such invention or improvement and to the exclusive use thereof. (B) The Chief Executive Officer shall not either during his employment or thereafter exploit or assist others to exploit any invention or improvement which he may from time to time make or discover in the course of his duties or (unless the same shall become public knowledge) make public or disclose any such invention or improvement or give any information in respect of it except to the Company or as it may direct.

Appears in 2 contracts

Samples: Employment Agreement (Stirling Cooke Brown Holdings LTD), Employment Agreement (Stirling Cooke Brown Holdings LTD)

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Inventions and Improvements. (A) It shall be part of the normal duties of the Chief Executive Officer at all times: (i) to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company, or any Associated Company, Company with which he is concerned or of for which he is responsible might be improved; and (ii) ensure that promptly to give the Board is given Secretary of the Company full details of any invention or improvement which he may from time to time make or discover in the course of his duties; and (iii) to further the interests of the Company's undertaking with regard thereto. The Subject to the Patents Xxx 0000 (as amended), the Company shall be entitled free of charge to the sole ownership of any such invention or improvement and to the exclusive use thereof. (B) The Chief Executive Officer shall not either during his employment or thereafter exploit or assist others to exploit any invention or improvement which he may from time to time make or discover in the course of his this duties or (unless the same shall have become public knowledge) make public or disclose any such invention or improvement or give any information in respect of it except to the Company or as it may direct.

Appears in 1 contract

Samples: Employment Agreement (Stirling Cooke Brown Holdings LTD)

Inventions and Improvements. (A) It shall be part of the normal duties of the Chief Executive Group Financial Officer at all times: (i) to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company, or any Associated Company, with which he is concerned or for which he is responsible might be improved; and (ii) ensure that the Board is given details of any invention or improvement which he may from time to time-to-time make or discover in the course of his duties; and (iii) to further the interests of the Company's undertaking with regard thereto. The Company shall be entitled free of charge to the sole ownership of any such invention or improvement and to the exclusive use thereof. (B) The Chief Executive Group Financial Officer shall not either during his employment or thereafter exploit or assist others to exploit any invention or improvement which he may from time to time-to-time make or discover in the course of his duties or (unless the same shall become public knowledge) make public or disclose any such invention or improvement or give any information in respect of it except to the Company or as it may direct.

Appears in 1 contract

Samples: Employment Agreement (Stirling Cooke Brown Holdings LTD)

Inventions and Improvements. (A) It shall be part of the normal duties of the Chief Executive Officer at all times: (i) to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company, or any Associated Company, with which he is concerned or of for which he is responsible might be improved; and (ii) ensure that promptly to give the Board is given Secretary of the Company full details of any invention or improvement which he may from time to time make or discover in the course of his duties; and (iii) to further the interests of the Company's undertaking with regard thereto. The Subject to the Patents Xxx 0000 (as amended), the Company shall be entitled free of charge to the sole ownership of any such invention or improvement and to the exclusive use thereof. (B) The Chief Executive Officer shall not either during his employment or thereafter exploit or assist others to exploit any invention or improvement which he may from time to time tee make or discover in the course of his this duties or (unless the same shall have become public knowledge) make public or disclose any such invention or improvement or give any information in respect of it except to the Company or as it may direct.

Appears in 1 contract

Samples: Employment Agreement (Stirling Cooke Brown Holdings LTD)

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Inventions and Improvements. (A) It shall be part of the normal duties of the Chief Executive Officer Managing Director Reinsurance at all times: (i) to consider in what manner and by what new methods or devices the products, services, processes, equipment or systems of the Company, or any Associated Company, with which he is concerned or for which he is responsible might be improved; and (ii) ensure that the Board is given details of any invention or improvement which he may from time to time make or discover in the course of his duties; and (iii) to further the interests of the Company's undertaking with regard thereto. The Company shall be entitled free of charge to the sole ownership of any such invention or improvement and to the exclusive use thereof. (B) The Chief Executive Officer Managing Director Reinsurance shall not either during his employment or thereafter exploit or assist others to exploit any invention or improvement which he may from time to time make or discover in the course of his duties or (unless the same shall become public knowledge) make public or disclose any such invention or improvement or give any information in respect of it except to the Company or as it may direct.

Appears in 1 contract

Samples: Employment Agreement (Stirling Cooke Brown Holdings LTD)

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