Common use of Inventions and Other Developments Clause in Contracts

Inventions and Other Developments. With regard to any and all inventions or developments that relate to FCB’s business, involve the use of FCB information or property, or that Employee develops or acquires within the scope of Employee’s employment by FCB (“Developments”): (a) All Developments and related records or information in any form shall become and remain the exclusive property of FCB and, to the extent Employee has any rights thereto, Employee hereby assigns all such rights, title, and interest to FCB, except as provided in the state notices set forth in the Invention Notice Schedule attached as Schedule 1 to this Agreement, which, if applicable, Employee acknowledges having read and received. All copyrightable Developments shall be deemed “works made for hire” under the U.S. Copyright Act for FCB’s benefit. (b) Upon request, Employee, whether during or after Employee’s employment by FCB, shall execute, acknowledge and deliver to FCB all assignments and other documents which FCB deems necessary to: (a) vest FCB with full and exclusive right, title, and interest to the Developments, and (b) enable FCB to file and prosecute an application for, or acquire, maintain or enforce, all letters of patent, mask work, trademark registrations (including domain names), and copyrights covering the Developments. (c) If FCB is unable for any reason to secure Employee’s signature to apply for or to pursue an application for registration or other protection of any Developments and intellectual property rights assigned to FCB, then Employee hereby irrevocably designates and appoints FCB and its duly authorized officers and agents as Employee’s agent and attorney in fact, to act for and on Employee’s behalf to execute and file any such applications, to do all other lawfully permitted acts to further the prosecution and issuance of letters of patent, mask work, trademark registrations (including domain names) and copyrights and any acts necessary to obtain and enforce the full benefits, enjoyment, rights and title, with the same legal force and effect as if executed by Employee. Employee hereby waives and quitclaims to FCB any and all claims, of any nature whatsoever, which Employee now has or may hereafter have for infringement of any patents, mask works, trademark registrations (including domain names) and copyrights resulting from any such application for letters of patent, mask work, trademark registrations (including domain names) and copyright registrations assigned hereunder to FCB.

Appears in 2 contracts

Samples: Merger Agreement (First Citizens Bancshares Inc /De/), Merger Agreement (First Citizens Bancshares Inc /De/)

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Inventions and Other Developments. With regard to any and all inventions or developments that relate to FCBthe Company’s business, involve the use of FCB CIT information or property, or that Employee develops or acquires within the scope of Employee’s employment by FCB the Company (“Developments”): (a) All Developments and related records or information in any form shall become and remain the exclusive property of FCB the Company and, to the extent Employee has any rights thereto, Employee hereby assigns all such rights, title, and interest to FCBthe Company, except as provided in the state notices set forth in the Invention Notice Schedule attached as Schedule 1 to this Agreement, which, if applicable, Employee acknowledges having read and received. All copyrightable Developments shall be deemed "works made for hire" under the U.S. Copyright Act for FCB’s CIT's benefit. (b) Upon request, Employee, whether during or after Employee’s employment by FCBthe Company, shall execute, acknowledge and deliver to FCB the Company all assignments and other documents which FCB the Company deems necessary to: (a) vest FCB the Company with full and exclusive right, title, and interest to the Developments, and (b) enable FCB the Company to file and prosecute an application for, or acquire, maintain or enforce, all letters of patent, mask work, trademark registrations (including domain names), and copyrights covering the Developments. (c) If FCB CIT is unable for any reason to secure Employee’s signature to apply for or to pursue an application for registration or other protection of any Developments and intellectual property rights assigned to FCBCIT, then Employee hereby irrevocably designates and appoints FCB CIT and its duly authorized officers and agents as Employee’s agent and attorney in fact, to act for and on Employee’s behalf to execute and file any such applications, to do all other lawfully permitted acts to further the prosecution and issuance of letters of patent, mask work, trademark registrations (including domain names) and copyrights and any acts necessary to obtain and enforce the full benefits, enjoyment, rights and title, with the same legal force and effect as if executed by Employee. Employee hereby waives and quitclaims to FCB CIT any and all claims, of any nature whatsoever, which Employee now has or may hereafter have for infringement of any patents, mask works, trademark registrations (including domain names) and copyrights resulting from any such application for letters of patent, mask work, trademark registrations (including domain names) and copyright registrations assigned hereunder to FCBCIT.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Cit Group Inc), Performance Based Restricted Stock Unit Award Agreement (Cit Group Inc)

Inventions and Other Developments. With regard to any and all inventions or developments that relate to FCBthe Company’s business, involve the use of FCB CIT information or property, or that Employee develops or acquires within the scope of Employee’s employment by FCB the Company (“Developments”): (a) All Developments and related records or information in any form shall become and remain the exclusive property of FCB the Company and, to the extent Employee has any rights thereto, Employee hereby assigns all such rights, title, and interest to FCBthe Company, except as provided in the state notices set forth in the Invention Notice Schedule attached as Schedule 1 to this AgreementNON-COMPETITION, which, if applicable, Employee acknowledges having read and received. All copyrightable Developments shall be deemed “works made for hire” under the U.S. Copyright Act for FCB’s benefit.NON-SOLICITATION AND CONFIDENTIALITY 4 (b) Upon request, Employee, whether during or after Employee’s employment by FCBthe Company, shall execute, acknowledge and deliver to FCB the Company all assignments and other documents which FCB the Company deems necessary to: (a) vest FCB the Company with full and exclusive right, title, and interest to the Developments, and (b) enable FCB the Company to file and prosecute an application for, or acquire, maintain or enforce, all letters of patent, mask work, trademark registrations (including domain names), and copyrights covering the Developments. (c) If FCB CIT is unable for any reason to secure Employee’s signature to apply for or to pursue an application for registration or other protection of any Developments and intellectual property rights assigned to FCBCIT, then Employee hereby irrevocably designates and appoints FCB CIT and its duly authorized officers and agents as Employee’s agent and attorney in fact, to act for and on Employee’s behalf to execute and file any such applications, to do all other lawfully permitted acts to further the prosecution and issuance of letters of patent, mask work, trademark registrations (including domain names) and copyrights and any acts necessary to obtain and enforce the full benefits, enjoyment, rights and title, with the same legal force and effect as if executed by Employee. Employee hereby waives and quitclaims to FCB CIT any and all claims, of any nature whatsoever, which Employee now has or may hereafter have for infringement of any patents, mask works, trademark registrations (including domain names) and copyrights resulting from any such application for letters of patent, mask work, trademark registrations (including domain names) and copyright registrations assigned hereunder to FCBCIT.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Cit Group Inc)

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Inventions and Other Developments. With regard to any and all inventions or developments that relate to FCBthe Company’s business, involve the use of FCB CIT information or property, or that Employee develops or acquires within the scope of Employee’s employment by FCB the Company (“Developments”): (a) All Developments and related records or information in any form shall become and remain the exclusive property of FCB the Company and, to the extent Employee has any rights thereto, Employee hereby assigns all such rights, title, and interest to FCBthe Company, except as provided in the state notices set forth in the Invention Notice Schedule attached as Schedule 1 to this Agreement, which, if applicable, Employee acknowledges having read and received. All copyrightable Developments shall be deemed “works made for hire” under the U.S. Copyright Act for FCB’s benefit.as (b) Upon request, Employee, whether during or after Employee’s employment by FCBthe Company, shall execute, acknowledge and deliver to FCB the Company all assignments and other documents which FCB the Company deems necessary to: (a) vest FCB the Company with full and exclusive right, title, and interest to the Developments, and (b) enable FCB the Company to file and prosecute an application for, or acquire, maintain or enforce, all letters of patent, mask work, trademark registrations (including domain names), and copyrights covering the Developments. (c) If FCB CIT is unable for any reason to secure Employee’s signature to apply for or to pursue an application for registration or other protection of any Developments and intellectual property rights assigned to FCBCIT, then Employee hereby irrevocably designates and appoints FCB CIT and its duly authorized officers and agents as Employee’s agent and attorney in fact, to act for and on Employee’s behalf to execute and file any such applications, to do all other lawfully permitted acts to further the prosecution and issuance of letters of patent, mask work, trademark registrations (including domain names) and copyrights and any acts necessary to obtain and enforce the full benefits, enjoyment, rights and title, with the same legal force and effect as if executed by Employee. Employee hereby waives and quitclaims to FCB CIT any and all claims, of any nature whatsoever, which Employee now has or may hereafter have for infringement of any patents, mask works, trademark registrations (including domain names) and copyrights resulting from any such application for letters of patent, mask work, trademark registrations (including domain names) and copyright registrations assigned hereunder to FCBCIT.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Cit Group Inc)

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