Common use of Limitation on Section 7(a Clause in Contracts

Limitation on Section 7(a. The provisions of Section 7(a) shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s own time without the use of any Company equipment, supplies, facility or trade secret information; and (ii) such Development does not relate directly or significantly to the business of the Company, to the Company’s actual or demonstrably anticipated research or development; or result from any work performed by the Executive for the Company.

Appears in 4 contracts

Samples: Employment Agreement (Technest Holdings Inc), Employment Agreement (Technest Holdings Inc), Employment Agreement (Technest Holdings Inc)

AutoNDA by SimpleDocs

Limitation on Section 7(a. The provisions of Section 7(a) 7 shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s Xxxxx’x own time without the use of any Company equipment, supplies, facility or trade secret information; and (ii) such Development does not relate directly or significantly to the business of the Company, Company to the Company’s actual or demonstrably anticipated research or development; or result from any work performed by the Executive Xxxxx for the Company.

Appears in 1 contract

Samples: Employment Agreement (Global Matrechs, Inc.)

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