Common use of Ownership of Certain Intellectual Property Clause in Contracts

Ownership of Certain Intellectual Property. The Executive hereby sells, transfers and assigns to the Company or to any person or entity designated by the Company, the Executive's entire, right, title and interest in and to all inventions, ideas, disclosures, intellectual property rights and improvements, whether patented or unpatented, and copyrightable material made or conceived by the Executive, solely or jointly, during the term of the Executive's employment, which relate to methods, apparatus, designs, ideas, products, processes, items or devices, sold, leased, used or under consideration or development by the Company or which otherwise relate or pertain to the businesses, functions or operations of the Company. The Executive shall communicate promptly and disclose to the Company, in such form as the Executive may be requested to do so by the Company's Board of Directors, all information, details and data pertaining to these matters and shall execute and deliver to the Company such formal transfers and assignments and such other papers and documents as may be requested of the Executive to permit the Company or any person or entity designated by the Company to file and prosecute the patent applications and as to copyrightable material to obtain copyright thereof. The Executive irrevocably appoints the Company's designee as the Executive's attorney-in-fact for the purpose of carrying out the terms of this Section 7.2, and acknowledges that this appointment is irrevocable and coupled with an interest.