Common use of Proprietary Information and Invention Assignment Agreement Clause in Contracts

Proprietary Information and Invention Assignment Agreement. The Company shall require all present and future employees and consultants of the Company to enter into a Proprietary Information and Invention Assignment Agreement with the Company in substantially the form and substance approved by the Board, which agreement will include non-competition and non-solicitation provisions that provide, at a minimum, that such employee or consultant will not solicit the Company’s personnel for at least one year following termination of the provision of service to the Company and, in the case of employees, that such employee will not compete with the Company for at least one year following such employee’s termination of employment with the Company or the Company’s termination of such employee for “cause.”