Common use of Ownership of Information, Inventions and Original Work Clause in Contracts

Ownership of Information, Inventions and Original Work. Executive agrees that any creative works, discoveries, developments, designs, software, computer programs, inventions, improvements, modifications, enhancements, know-how, formulation, concept, methods, processes, or idea which is made, conceived, created, developed or reduced to practice by Executive, either alone or with others (collectively referred to as “Work Product”) is the exclusive property of the Company if: (a) It was conceived or developed in any part on Company time; (b) Any equipment, facilities, materials, or Confidential Information of the Company was used in its conception or development; or (c) It (i) relates, at the time of conception or reduction to practice, to the Company’s business, (ii) relates, at the time of conception or reduction of practice, to a research or development project of the Company that was demonstrably anticipated or existed prior to or at the time of the termination of Executive’s service to the Company and/or its subsidiaries, or (iii) results from any work performed by Executive for the Company. Notwithstanding Section 7.3(c)(i), if the foregoing intellectual property described in Section 7.3(c)(i) is conceived, developed or reduced to practice entirely after the latest to occur of the time at which: (A) the Executive is no longer employed by the Company and (B) the Executive is no longer serving as a director on the Board, then such intellectual property shall not constitute Work Product. Executive agrees to assist the Company in obtaining a patent or copyrights on such Work Product and to provide such documentation and assistance as is necessary for the Company to obtain such patent or copyright. Executive shall maintain adequate written records of such Work Product in such format as may be specified by the Company. Such records will be available to and remain the sole property of the Company at all times.

Appears in 10 contracts

Samples: Executive Employment Agreement (Paycom Software, Inc.), Executive Employment Agreement (Paycom Software, Inc.), Executive Employment Agreement (Paycom Software, Inc.)

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Ownership of Information, Inventions and Original Work. Executive The Employee agrees that any creative works, discoveries, developments, designs, software, computer programs, inventions, improvements, modifications, enhancements, know-how, formulation, concept, methods, processes, concept or idea which is made, conceived, created, created or developed or reduced to practice by Executivethe Employee, either alone or with others (collectively referred to as “Work Product”) is the exclusive property of the Company if: (ai) It was conceived or developed in any part on Company time; (bii) Any equipment, facilities, materials, materials or Confidential Information of the Company or its Affiliates was used in its conception or development; or (ciii) It either (ia) relates, at the time of conception or reduction to practice, to the Company’s business, 's business (iior the business of any of its Affiliates) relates, at the time of conception or reduction of practice, to a an actual or demonstrably anticipated research or development project of the Company that was demonstrably anticipated (or existed prior to or at the time any of the termination of Executive’s service to the Company and/or its subsidiariesAffiliates), or (iiib) results from any work performed by Executive the Employee for the CompanyCompany or any of its Affiliates. Notwithstanding Section 7.3(c)(i), if the foregoing intellectual property described in Section 7.3(c)(i) is conceived, developed or reduced to practice entirely after the latest to occur of the time at which: (A) the Executive is no longer employed by the Company and (B) the Executive is no longer serving as a director on the Board, then such intellectual property shall not constitute Work Product. Executive The Employee agrees to assist the Company and its Affiliates in obtaining a any patent or copyrights on such Work Product Product, and to provide such documentation and assistance as is necessary for the Company and its Affiliates to obtain such patent or copyright. Executive The Employee shall maintain adequate written records of such Work Product Product, in such format as may be specified by the Company. Such records will be available to and remain the sole property of the Company at all times. The Employee's obligations to assist the Company and its Affiliates in obtaining and enforcing patents and copyrights with respect to any Work Product within the scope of this provision shall continue beyond the termination of the Employee's employment with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Multiband Corp), Employment Agreement (Multiband Corp)

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Ownership of Information, Inventions and Original Work. From the Effective Date, the Executive agrees that any creative works, discoveries, developments, designs, software, computer programs, inventions, improvements, modifications, enhancements, know-how, formulation, concept, methods, processes, concept or idea which is made, conceived, created, created or developed or reduced to practice by the Executive, either alone or with others (collectively referred to as “Work Product”) is the exclusive property of the Company if: (ai) It was conceived or developed in any part on Company time; (bii) Any equipment, facilities, materials, materials or Confidential Information of the Company was used in its conception or development; or (ciii) It either (ia) relates, at the time of conception or reduction to practice, to the Company’s business, (ii) relates, at the time of conception business or reduction of practice, to a an actual or demonstrably anticipated research or development project of the Company that was demonstrably anticipated or existed prior to or at during the time of the termination of Executive’s service to employment with the Company and/or its subsidiariesCompany, or (iiib) results from any work performed by the Executive for the Company. Notwithstanding Section 7.3(c)(i), if the foregoing intellectual property described in Section 7.3(c)(i) is conceived, developed or reduced to practice entirely after the latest to occur of the time at which: (A) the Executive is no longer employed by the Company and (B) the Executive is no longer serving as a director on the Board, then such intellectual property shall not constitute Work Product. The Executive agrees to assist the Company in obtaining a any patent or copyrights on such Work Product Product, and to provide such documentation and assistance as is necessary for the Company to obtain such patent or copyright. The Executive shall maintain adequate written records of such Work Product Product, in such format as may be specified by the Company. Such records will be available to and remain the sole property of the Company at all times. The Executive will use his reasonable efforts (consistent with any employment or other obligation) to assist the Company in obtaining and enforcing patents and copyrights with respect to any Work Product within the scope of this provision following the termination of Executive’s employment with the Company for which the Executive shall be compensated by the Company at the equivalent per hour Base Salary in effect prior to the termination of his employment.

Appears in 1 contract

Samples: Executive Employment Agreement (Goodman Networks Inc)

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