Common use of Inventions, Discoveries and Improvements Clause in Contracts

Inventions, Discoveries and Improvements. All inventions, discoveries and improvements, whether patentable or unpatentable, made, devised or discovered by Officer, whether by himself or jointly with others, during the Employment Period and the Restricted Period (as defined in Section 6 below), relating or pertaining in any way to the business of his employment, shall promptly be disclosed in writing to the Board of Directors and are to rebound to the benefit of the Corporation and become and remain its sole and exclusive property. Officer agrees to execute any assignments to the Corporation or its nominee of his entire right, title and interest in and to any such inventions, discoveries and improvements and to execute any other instruments and documents requisite to or desirable in applying for and obtaining patents with respect thereto in the United States and in all foreign countries, at the request and expense of the Corporation. Officer further agrees to cooperate to the extent and in the manner requested by the Corporation in the prosecution or defense of any patent claims or any litigation or other proceeding involving any inventions, trade secrets, processes, discoveries or improvements covered by this Agreement, but all expenses thereof shall be paid by the Corporation. The terms of this Section 5 shall continue for one year after the termination of the Employment Period.