Common use of Ownership and Return of Information Clause in Contracts

Ownership and Return of Information. 7.6.1 Executive covenants and agrees that all notes, data, tapes, reference items, sketches, drawings, memoranda, files, papers, specifications, records, documents, drawings, charts, reports, and similar items and materials containing Confidential Information or otherwise relating to the business of the Company (including, without limitation, copies or other reproductions and whether in tangible form or contained on computer disks or electronic or other media), whether prepared by Executive or otherwise coming into Executive's possession or control, shall at all times remain the exclusive property of the Company. Executive agrees to promptly turn over to the Company all such materials in Executive's possession or under Executive's control at the request of the Company or, in the absence of such a request, upon the termination of Executive's employment with the Company, and that Executive shall not make or retain in or on any media any copies, reproductions synopses, compilations, summaries or abstracts thereof. 7.6.2 Executive agrees that Executive shall not, by virtue of Executive's association with the Company, acquire any rights in any Confidential Information, good will or other assets or properties of the Company, whether tangible or intangible, and whether or not created by Executive. If Executive should be vested with any such rights by operation of law or otherwise, Executive agrees to assign the same to the Company, without further consideration, immediately upon the Company's request.