Common use of Field of Interest Clause in Contracts

Field of Interest. As used herein, the term "Field of Interest" means the research of, and/or the development, manufacture and sale of, any therapeutic or diagnostic product that is developed, manufactured or sold by the Company at any time during the Term, as documented in the bi-weekly scientific project reports or other scientific planning documents of the company (the "Scientific Reports") prepared by the Company during the Term. You hereby acknowledge and agree that the Field of Interest shall be assessed for purposes of this Agreement as of the date on which your employment with the Company terminates, which assessment shall include, without limitation, a review of the applicable Scientific Reports.

Appears in 2 contracts

Sources: Employment Agreement (Synta Pharmaceuticals Corp), Employment Agreement (Synta Pharmaceuticals Corp)