Common use of Disclosure to the Company Clause in Contracts

Disclosure to the Company. Upon the conception of any Work Product by Employee (either solely or in conjunction with others) and without waiting to perfect or complete it, Employee promises and agrees immediately to fully disclose to the President and Chief Executive Officer or other applicable officer of the Company designated by the Board of Directors of the Company, and to no one else, and thereafter to treat the Work Product as the property and secret of the Company. This shall include Work Product made, conceived or reduced to practice after the term of Employee's employment but which belong to the Company pursuant to Paragraphs 3 and 9. Upon request Employee will reduce any concept in the Work Product to writing and deliver all copies of the writing to the President of the Company, or if Employee is the President of the Company, such copies shall be delivered to such other officer of the Company as may be designated by the Board of Directors of the Company. These obligations shall continue beyond the termination of employment with respect to Work Product conceived or made during the period of employment.