Common use of Inventions, Discoveries Clause in Contracts

Inventions, Discoveries. Executive acknowledges that any inventions, ----------------------- discoveries or trade secrets, whether patentable or not, made or found by Executive in the scope of his employment with Company constitute property of Company and that any rights therein now held or hereafter acquired by Executive individually or in any capacity are hereby transferred and assigned to Company, and agrees to execute and deliver any confirmatory assignments, documents or instruments of any nature necessary to carry out the intent of this paragraph when requested by Company without further compensation therefor, whether or not Executive is at the time employed by Company. Provided, however, notwithstanding the foregoing, Executive shall not be required to assign his rights in any invention which qualifies fully under the provisions of Section 2870(a) of the California Labor Code, which provides, in pertinent part, that --------------------- the requirement to assign "shall not apply to any invention that the employee developed entirely on his or her own time without using employer's equipment, supplies, facilities or trade secret information except for those inventions that either:

Appears in 2 contracts

Samples: Employment Agreement (Variflex Inc), Employment Agreement (Variflex Inc)

AutoNDA by SimpleDocs

Inventions, Discoveries. Executive acknowledges that any ----------------------- inventions, ----------------------- discoveries or trade secrets, whether patentable or not, made or found by Executive in the scope of his employment with Company constitute property of Company and that any rights therein now held or hereafter acquired by Executive individually or in any capacity are hereby transferred and assigned to Company, and agrees to execute and deliver any confirmatory assignments, documents or instruments of any nature necessary to carry out the intent of this paragraph when requested by Company without further compensation therefor, whether or not Executive is at the time employed by Company. Provided, however, notwithstanding the foregoing, Executive shall not be required to assign his rights in any invention which qualifies fully under the provisions of Section 2870(a) of the California Labor Code, which provides, in pertinent part, that --------------------- the requirement to assign "shall not apply to any invention that the employee developed entirely on his or her own time without using employer's equipment, supplies, facilities or trade secret information except for those inventions that either:

Appears in 1 contract

Samples: Employment Agreement (Staar Surgical Company)

AutoNDA by SimpleDocs

Inventions, Discoveries. Executive acknowledges that any ----------------------- inventions, ----------------------- discoveries or trade secrets, whether patentable or not, made or found by Executive in the scope of his employment with the Company constitute property of the Company and that any rights therein now held or hereafter acquired by Executive individually or in any capacity are hereby transferred and assigned to the Company, and agrees to execute and deliver any confirmatory assignments, documents or instruments of any nature necessary to carry out the intent of this paragraph when requested by the Company without further compensation therefor, whether or not Executive is at the time employed by the Company. Provided, however, notwithstanding the foregoing, Executive shall not be required to assign his rights in any invention which qualifies fully under the provisions of Section 2870(a) of the California Labor Code, which provides, in pertinent part, that --------------------- the requirement to assign "shall not apply to any invention that the employee developed entirely on his or her own time without using employer's equipment, supplies, facilities or trade secret information except for those inventions that either:

Appears in 1 contract

Samples: Employment Agreement (Variflex Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.