Transition and Return of Property Clause Samples

Transition and Return of Property. In the event the Executive’s employment is terminated for any reason, the Executive agrees to resign effective the same date from any office or directorship held with the Company or its Affiliates. The Executive will also deliver to the Company all books, records, lists, brochures and other property or intellectual property rights belonging to the Company or developed in connection with the business of the Company, and will execute such transfer documentation as is necessary to transfer such property or intellectual property rights to the Company. In addition, following termination of the Executive’s employment with the Company, the Executive will provide the Company with all such assistance and cooperation as the Company may reasonably require to enable a smooth transition of the duties and responsibilities of the Executive to such other individual as the Company shall appoint provided the Company complies with Section 7.6(b)(ii).