Common use of Transfer of Company Property Clause in Contracts

Transfer of Company Property. On or before the commencement of the Severance Period, Executive agrees to turn over to the Company any and all property, tangible or intangible, relating to its business, which he possessed or had control over at any time (including, but not limited to, Executive’s Company-provided credit cards, building or office access cards, keys, computer equipment, manuals, files, documents, records, software, customer data base and other data), and that he shall not retain any copies, compilations, extracts, excerpts, summaries or other notes of any such manuals, files, documents, records, software, customer data base or other datafiles, memoranda, records, and other documents, and any other physical or personal property which are the property of the Company and which he had in his possession, custody or control, including any computers, cellular phones, PDA’s or similar business equipment.

Appears in 4 contracts

Samples: Executive Severance Benefits Agreement (Guitar Center Holdings, Inc.), Executive Severance Benefits Agreement (Music123, Inc.), Executive Severance Benefits Agreement (Music123, Inc.)

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Transfer of Company Property. On or before the commencement of the Severance PeriodTermination Date, Executive Employee agrees to turn over to the Company any and all property, tangible or intangible, relating to its business, which he possessed or had control over at any time (including, but not limited to, Executive’s Employee's Company-provided leased automobile which shall be returned to the Company office on or before the Termination Date, Company-provided credit cards, building or office access cards, keys, computer or other business equipment, manuals, files, documents, records, software, customer data base and other data), and that he shall not retain any copies, compilations, extracts, excerpts, summaries or other notes of any such manuals, files, documents, records, software, customer data base or other datafiles, memoranda, records, and other documents, and any other physical or personal property which are the property of the Company and which he had in his possession, custody or control, including any computers, cellular phones, PDA’s 's or similar business equipment.

Appears in 1 contract

Samples: Separation Agreement (Varsity Group Inc)

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