Common use of Inventions, Discoveries and Improvements Clause in Contracts

Inventions, Discoveries and Improvements. The Employee hereby agrees to assign and transfer to the Corporation, its successors and assigns, his entire right, title and interest in and to any and all inventions, discoveries, trade secrets and improvements thereto which he may discover or develop, either solely or jointly with others, during his employment hereunder and for a period of one year after termination of such employment, which would relate in any way to the business of the Corporation or any parent, subsidiary or affiliate of the Corporation, together with all rights to letters patent, copyrights or trademarks which may be granted with respect thereto. Immediately upon making or developing any invention, discovery, trade secret or improvement thereto, Employee shall notify the Corporation thereof and shall execute and deliver to the Corporation, without further compensation, such documents as may be necessary to assign and transfer to the Corporation his entire right, title and interest in and to such invention, discovery, trade secret or improvement thereto, and to prepare or prosecute applications for letters patent with respect to the same in the name of the Corporation.

Inventions, Discoveries and Improvements. The Employee hereby agrees to assign and transfer to the CorporationBank, its successors and assigns, his her entire right, title and interest in and to any and all inventions, discoveries, trade secrets and improvements thereto which he she may discover or develop, either solely or jointly with others, during his her employment hereunder and for a period of one year after termination of such employment, which would relate in any way to the business of the Corporation Bank or any parent, subsidiary or affiliate of the CorporationBank, together with all rights to letters patent, copyrights or trademarks which may be granted with respect thereto. Immediately upon making or developing any invention, discovery, trade secret or improvement thereto, Employee shall notify the Corporation Bank thereof and shall execute and deliver to the CorporationBank, without further compensation, such documents as may be necessary to assign and transfer to the Corporation his Bank her entire right, title and interest in and to such invention, discovery, trade secret or improvement thereto, and to prepare or prosecute applications for letters patent with respect to the same in the name of the CorporationBank.