Common use of Prior Developments Clause in Contracts

Prior Developments. If in the course of Executive’s employment with the Company, Executive incorporates into a Company product, process or machine a Prior Development owned by Executive or in which Executive has an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Development as part of or in connection with such product, process or machine.