Common use of Assignment of Innovations Clause in Contracts

Assignment of Innovations. The Executive hereby assigns to the Company all of the Executive's rights, title and interests in and to the Innovations made, authored or conceived by the Executive either individually or jointly with others, during the Term and any renewal term. The Executive shall promptly and fully disclose and describe Innovations to the Company, and shall acknowledge and deliver to the Company such written instruments and do such other acts as may be necessary in the opinion of the Company to preserve the Company's property rights to the Innovations against forfeiture, abandonment or loss, and to obtain and maintain letters, patents and copyrights to the Innovations, if applicable, and to vest the entire right, title and interest thereto in the Company. The obligations of Section 5.4 shall continue beyond the Term and any renewal term with respect to Innovations generated, conceived of or reduced to practice by the Executive during the Term and any renewal term, and shall be binding upon the Executive's assigns, executors, administrators and other legal representatives.

Appears in 2 contracts

Samples: Executive Employment Agreement (Cash Systems Inc), Executive Employment Agreement (Cash Systems Inc)

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Assignment of Innovations. The Executive hereby assigns to the Company all of the Executive's ’s rights, title and interests in and to the Innovations made, authored or conceived by the Executive either individually or jointly with others, during the Term and any renewal term. The Executive shall promptly and fully disclose and describe Innovations to the Company, and shall acknowledge and deliver to the Company such written instruments and do such other acts as may be necessary in the opinion of the Company to preserve the Company's ’s property rights to the Innovations against forfeiture, abandonment or loss, and to obtain and maintain letters, patents and copyrights to the Innovations, if applicable, and to vest the entire right, title and interest thereto in the Company. The obligations of Section section 5.4 shall continue beyond the Term and any renewal term with respect to Innovations generated, conceived of or reduced to practice by the Executive during the Term and any renewal term, and shall be binding upon the Executive's ’s assigns, executors, administrators and other legal representatives.

Appears in 1 contract

Samples: Executive Employment Agreement (Cash Systems Inc)

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Assignment of Innovations. The Executive hereby assigns to the Company all of the Executive's rights, title and interests in and to the Innovations made, authored or conceived by the Executive either individually or jointly with others, during the Term and any renewal term. The Executive shall promptly and fully disclose and describe Innovations to the Company, and shall acknowledge and deliver to the Company such written instruments and do such other acts as may be necessary in the opinion of the Company to preserve the Company's property rights to the Innovations against forfeiture, abandonment or loss, and to obtain and maintain letters, patents and copyrights to the Innovations, if applicable, and to vest the entire right, title and interest thereto in the Company. The obligations of Section 5.4 shall continue beyond the Term and any renewal term with respect to Innovations generated, conceived of or reduced to practice by the Executive during the Term and any renewal term, and shall be binding upon the Executive's assigns, executors, administrators and other legal representatives.

Appears in 1 contract

Samples: Executive Employment Agreement (Cash Systems Inc)

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