Eligible Application definition
Examples of Eligible Application in a sentence
You will discontinue your End Customers’ rights to use your Eligible Application from a Paid Eligible Sale following the Termination Date.
It is acknowledged and understood that a patent may not issue in the United States on an Eligible Application, but that the Company may obtain a patent or patents with respect to patent application(s) filed by the Company, with Employee as a named inventor, that claim priority to the Eligible Application, including continuation, continuation in part or divisional filings.
Where a United States patent does not issue on an Eligible Application, but does issue on a continuation, continuation in part or divisional filing claiming priority to an Eligible Application, such issued patent shall be deemed a Company Patent for purposes herein, but the $10,000 bonus shall be paid only upon the issuance of the first Company Patent to issue in the United States based on a continuation, continuation in part or divisional filing claiming priority to such Eligible Application.
Each Holder which has filed an Eligible Application and each Key Shareholder is defined herein as an “Eligible Holder”.