Common use of Ownership of Proprietary Property Clause in Contracts

Ownership of Proprietary Property. Executive acknowledges that all Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, upon demand by Company at any time, or upon the cessation of Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Executive's possession or control in the event Executive has not previously returned such items of the Proprietary Property to Company.

Appears in 6 contracts

Samples: Employment Agreement (Staar Surgical Company), Employment Agreement (Staar Surgical Company), Employment Agreement (Staar Surgical Company)

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Ownership of Proprietary Property. The Executive acknowledges that all Proprietary Property which the Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Companythe Companies. The Executive shall, upon demand by Company the Companies at any time, or upon the cessation of the Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company the Companies or its their designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of the Executive excepted, all items of the Proprietary Property which are or have been in the Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond the Executive's possession or control in the event that the Executive has not previously returned such items of the Proprietary Property to Companythe Companies.

Appears in 3 contracts

Samples: Employment Agreement (Ifs International Inc), Employment Agreement (Ifs International Inc), Employment Agreement (Ifs International Inc)

Ownership of Proprietary Property. Executive acknowledges that all Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, upon demand by Company at any time, or upon the cessation of Executive's ’s employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's ’s possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Executive's ’s possession or control in the event Executive has not previously returned such items of the Proprietary Property to Company.

Appears in 3 contracts

Samples: Employment Agreement (Petrosonic Energy, Inc.), Employment Agreement (Petrosonic Energy, Inc.), Employment Agreement (Clearsign Combustion Corp)

Ownership of Proprietary Property. Executive acknowledges that all --------------------------------- Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, upon demand by Company at any time, or upon the cessation of Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Executive's possession or control in the event Executive has not previously returned such items of the Proprietary Property to Company.

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

Ownership of Proprietary Property. Executive acknowledges that all --------------------------------- Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, upon demand by Company at any time, or upon the cessation of Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond previously in Executive's possession or control in the event Executive has not previously returned such items of the Proprietary Property to Company.

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

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Ownership of Proprietary Property. Executive acknowledges --------------------------------- that all Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, upon demand by Company at any time, or upon the cessation of Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Executive's possession or control in the event Executive has not previously returned such items of the Proprietary Property to Company.

Appears in 1 contract

Samples: Employment Agreement (Staar Surgical Company)

Ownership of Proprietary Property. Executive acknowledges that all Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Executive shall, shall upon demand by Company at any time, or upon the cessation of Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Executive's possession or control in the event Executive has not previously returned such items of the Proprietary Property to Company.

Appears in 1 contract

Samples: Employment Agreement (Staar Surgical Company)

Ownership of Proprietary Property. Executive acknowledges that --------------------------------- all Proprietary Property which Executive may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of the Company. Executive shall, upon demand by the Company at any time, or upon the cessation of Executive's employment, irrespective of the time, manner, cause or lack of cause of such cessation, immediately deliver to the Company or its designated agent, in good condition, ordinary wear and tear and damage by any cause beyond the reasonable control of Executive excepted, all items of the Proprietary Property which are or have been in Executive's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond previously in Executive's possession or control in the event Executive has not previously returned such items of the Proprietary Property to the Company.

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

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