Common use of Proprietary Material Clause in Contracts

Proprietary Material. All Plan and Participant data and Content provided by the Sponsor to the Trustee for the provision of services contemplated herein shall remain the property of the Sponsor. Trustee, its vendors and assignees shall retain title to any systems, methods, know-how and materials used in providing the services contemplated herein (including without limitation hardware, software and other procedures and methods, documents or scripts whether written or electronic) (collectively, “Trustee and Third Party Intellectual Property”). Sponsor acknowledges that any such Trustee and Third Party Intellectual Property developed or used by Trustee, its vendors or assignees in providing the services is the proprietary and confidential property of the respective party.