Common use of Ownership of Proprietary Property Clause in Contracts

Ownership of Proprietary Property. Employee acknowledges that all Proprietary Property which Employee may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Employee shall, upon demand by Company at any time, or upon the cessation of Employee'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 Employee excepted, all items of the Proprietary Property which are or have been in Employee's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Employee's possession or control in the event Employee has not previously returned such items of the Proprietary Property to Company.

Appears in 3 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. Employee acknowledges that all Proprietary Property which Employee may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Employee shall, upon demand by Company at any time, or upon the cessation of Employee'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 Employee excepted, all items of the Proprietary Property which are or have been in Employee's ’s possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Employee's ’s possession or control in the event Employee has not previously returned such items of the Proprietary Property to Company.

Appears in 3 contracts

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

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Ownership of Proprietary Property. Employee acknowledges that all --------------------------------- Proprietary Property which Employee may prepare, use, observe, come into possession of and/or control shall, at all times, remain the sole and exclusive property of Company. Employee shall, upon demand by Company at any time, or upon the cessation of Employee'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 Employee excepted, all items of the Proprietary Property which are or have been in Employee's possession or under his control, as well as a statement describing the disposition of all items of the Proprietary Property beyond Employee's possession or control in the event Employee has not previously returned such items of the Proprietary Property to Company.

Appears in 1 contract

Samples: Employment Agreement (Staar Surgical Company)

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