Common use of Insider Reporting Clause in Contracts

Insider Reporting. Securities laws across Canada require Insiders to file with the applicable Securities Commissions reports in prescribed form of all purchases or sales of Micrologix’s shares or grant or exercise of options within 10 days of the date of the transaction. Insiders are individually responsible for compliance with insider reporting requirements. Instructions for filing of insider reports are available from the Executive Assistant to the Vice-President, Finance. Upon request, the Company will assist Insiders with filing their reports; however, Insiders are reminded that it is their responsibility to notify the Company when a reportable transaction occurs. Any provision in an employment agreement which provides that an employee shall assign or offer to assign any of his or her rights in an invention to his or her employer shall not apply to an invention for which no equipment, supplies, facility, or trade secret information of the employer was used, and which was developed entirely on the employee’s own time, and:

Insider Reporting. Securities laws across Canada require Insiders to file with the applicable Securities Commissions reports in prescribed form of all purchases or sales of Micrologix’s shares or grant or exercise of options within 10 days of the date of the transaction. Insiders are individually responsible for compliance with insider reporting requirements. Instructions for filing of insider reports are available from the Executive Assistant to the Vice-President, Finance. Upon request, the Company will assist Insiders with filing their reports; however, Insiders are reminded that it is their responsibility to notify the Company when a reportable transaction occurs. Any provision in an employment agreement which provides that an employee shall assign or offer to assign any of his or her rights in an invention to his or her employer shall not apply to an invention for which no equipment, supplies, facility, or trade secret information of the employer was used, and which was developed entirely on the employee’s own own, time, and: