Common use of Publication Ideas Clause in Contracts

Publication Ideas. Executive shall disclose promptly and offer to the Company and Metro, in writing, any and all significant conceptions and ideas for publications, projects, improvements and valuable discoveries which are conceived or made by Executive, solely or jointly with another, during the period of employment, and which are directly related to the business or activities of the Company or which Executive conceives as a result of his employment by the Company (each a "Publication Idea"). The Board of Directors of the Company shall, within twenty (20) days of receipt of written notification of a Publication Idea, notify Executive and Metro in writing of whether or not the Company elects to pursue the Publication Idea. If the Company elects not to pursue a Publication Idea, Metro shall, within twenty (20) days of its receipt of the Company's written decision regarding said Publication Idea, notify the Executive and the Company in writing whether Metro elects to pursue the Publication Idea. If either the Company or Metro elects to pursue the Publication Idea, the Executive will assign all his interests therein to the Company or Metro (or the nominee of either), as the case may be. Whenever requested to do so by the Company or Metro, Executive shall execute any and all applications, assignments or other instruments that the Company or Metro shall deem necessary to apply for and obtain copyright or trademark protection in the United States or any foreign country or to otherwise protect the Company's interest in any of its publications. If neither the Company nor Metro elects to pursue a Publication Idea, the Executive may pursue such Publication Idea on his own behalf, so long as the pursuit thereof does not affect the Employee's ability to fulfill his duties hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Metro Global Media Inc), Employment Agreement (Metro Global Media Inc)

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Publication Ideas. Executive shall disclose promptly and offer to the ----------------- Company and Metro, in writing, any and all significant conceptions and ideas for publications, projects, improvements and valuable discoveries which are conceived or made by Executive, solely or jointly with another, during the period of employment, and which are directly related to the business or activities of the Company or which Executive conceives as a result of his employment by the Company (each a "Publication Idea"). The Board of Directors of the Company shall, within twenty (20) days of receipt of written notification of a Publication Idea, notify Executive and Metro in writing of whether or not the Company elects to pursue the Publication Idea. If the Company elects not to pursue a Publication Idea, Metro shall, within twenty (20) days of its receipt of the Company's written decision regarding said Publication Idea, notify the Executive and the Company in writing whether Metro elects to pursue the Publication Idea. If either the Company or Metro elects to pursue the Publication Idea, the Executive will assign all his interests therein to the Company or Metro (or the nominee of either), as the case may be. Whenever requested to do so by the Company or Metro, Executive shall execute any and all applications, assignments or other instruments that the Company or Metro shall deem necessary to apply for and obtain copyright or trademark protection in the United States or any foreign country or to otherwise protect the Company's interest in any of its publications. If neither the Company nor Metro elects to pursue a Publication Idea, the Executive may pursue such Publication Idea on his own behalf, so long as the pursuit thereof does not affect the Employee's ability to fulfill his duties hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Metro Global Media Inc), Employment Agreement (Metro Global Media Inc)

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