No Retention of Rights. Nothing in this Agreement shall confer ---------------------- upon Xxxxx any right to continue his employment for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining Xxxxx) to terminate Xxxxx'x employment at any time and for any reason, with or without cause, or of Xxxxx under any other Agreement between Xxxxx and the Company, which rights are hereby expressly reserved by each.
No Retention of Rights. Nothing in this Agreement shall confer ---------------------- upon Xxxxxxx any right to continue his employment for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining Xxxxxxx) to terminate Roberto's employment at any time and for any reason, with or without cause, or of Xxxxxxx under any other Agreement between Xxxxxxx and the Company, which rights are hereby expressly reserved by each.
No Retention of Rights. Nothing in the Plan, and nothing by virtue of an Award, shall confer upon the Recipient any right to continue in service with the Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or of the Recipient, which rights are hereby expressly reserved by each, to terminate his or her service with the Company at any time and for any reason, with or without cause.
No Retention of Rights. As of Closing, neither Seller nor its Affiliates will retain legal title to, equitable title to or any ownership interest in any of the Assigned Patent Rights, any right to commence, direct, or settle any litigation relating to the infringement of any of the Assigned Patent Rights and/or any right to maintain or defend the Patents. Subject to Seller’s receipt of payment under Section 2.2, Seller will transfer all substantial rights in the Assigned Patent Rights to Purchaser as of Closing.[14] Additionally, as of Closing, subject to any Encumbrances or Obligations:[15 ] (a) Seller will have no right to control any of Purchaser’s decisions affecting the Assigned Patent Rights transferred pursuant to this Agreement; (b) Seller will have no right to receive advance notice of any licensing or litigation decisions made by Purchaser concerning any of the Assigned Patent Rights; (c) Seller will have no right to review, approve, veto or contribute in any way to licensing or litigation decisions [14] Section 3.1 confirms that the Seller does not retain any legal rights to the Assigned Patent Rights after Closing. As mentioned above, transferring “all rights” is another option, especially considering that Section 2.1 and Exhibit A expressly define what is being transferred. [15] The purpose of this provision is to specify what rights the Seller does not have after Closing. If the intent is for the Seller to have no rights in the patents after Closing, consider omitting these examples, as they imply these provision are required to waive rights that the Seller did not retain in the first place. For example, under subpart (a), does the Seller have rights to control other decisions of the Purchaser? Referring to subpart (b), must the Purchaser provide subsequent notice of decisions concerning the patents? Under subsection (d), what if a Seller’s inventors are witnesses or if joinder is ordered by the court? Alternative language may include: “As of Closing, subject to any Encumbrances or Obligations, Seller shall retain no rights to any of the Assigned Patent Rights.”
No Retention of Rights. Employee retains no right to use the Work Product or the Developments and agrees not to challenge the validity of the ownership by the Company of the Work Product or the Developments.
No Retention of Rights. Nothing in this Agreement shall confer upon ---------------------- Xxxxxxx any right to continue his employment for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining Xxxxxxx) to terminate Malcolm's employment at any time and for any reason, with or without cause, or of Xxxxxxx under any other Agreement between Xxxxxxx and the Company, which rights are hereby expressly reserved by each.
No Retention of Rights. As of Closing, neither Seller nor its Affiliates will retain legal title to, equitable title to or any ownership interest in any of the Assigned Patent Rights, any right to commence, direct, or settle any litigation relating to the infringement of any of the Assigned Patent Rights and/or any right to maintain or defend the Patents. Subject to Seller’s receipt of payment under Section 2.2, Seller will transfer all substantial rights in the Assigned Patent Rights to Purchaser as of Closing.[14] Additionally, as of Closing, subject to any Encumbrances or Obligations:[15 ] (a) Seller will have no right to control any of Purchaser’s decisions affecting the Assigned Patent Rights transferred pursuant to this Agreement; (b) Seller will have no right to receive advance notice of any licensing or litigation decisions made by Purchaser concerning any of the Assigned Patent Rights; (c) Seller will have no right to review, approve, veto or contribute in any way to licensing or litigation decisions made by Purchaser concerning any of the Assigned Patent Rights; and (d) Seller will have no right to join or to otherwise participate as a party in any lawsuit or other legal proceeding in which Purchaser enforces any of the Assigned Patent Rights against a Person. 3.2
