Common use of The Company Property Clause in Contracts

The Company Property. The Employee hereby agrees that all documents, reports, plans, proposals, marketing and sales plans, client lists, referral lists and sources, client files and materials made by Employee or by the Company and its subsidiaries are the properties of such entity and will not be used by Employee in any way adverse to the Company’s interests. The Employee will not deliver, reproduce or in any way allow such documents or things to be delivered or used by any third party without specific written direction or written consent of the Board of the Company as appropriate. The Employee hereby assigns to the Company any rights which he or she may have in any such trade secret or proprietary information. Further, except as expressly provided herein, promptly following the Employee’s termination of employment, the Employee will return to the Company all property, documents or papers used or owned by the Company and all copies, abstracts or summaries thereof in the Employee’s possession or under his or her control.