The "Return of Company Property" clause mandates that an employee must return all company-owned items, such as equipment, documents, and keys, upon termination of their employment or upon request by the employer. Failure to comply with this clause may result in deductions from final paychecks, legal action, or other penalties as outlined by the employer's policies.
12.Return of Company Property. Employee agrees that by signing this Agreement, and as a condition precedent to receiving any payment under this Agreement, Employee has returned by the Separation Date all property belonging to the Company, including, but not limited to, corporate credit cards; keys and access cards; documents; tapes; cell phones; computers, laptops and other computer equipment and software; and any and all confidential and proprietary information, except those items that the Company specifically agrees in writing to permit Employee to retain such as documents pertaining solely to Employee’s individual compensation or benefits. Employee’s access to the Company’s property and facilities will end immediately upon the Separation Date.
(a)Return of Company Property. Employee has returned or destroyed (and has not retained any copies in any form) all Company documents and information (including all Confidential Information and any other information stored on personally owned computer hard drives, portable storage devices or other format). Employee has also returned all tangible items that belong to Company including but not limited to ID badges, cell phones, tablets, computers, software, equipment, vehicles, or other property belonging to Company. Employee may retain his calendar, contacts list, personal files and files needed to submit his income tax returns.
10.Return of Company Property and Records: Employee represents that prior to signing this Agreement, Employee returned to the Company all Company property in Employee’s possession or under Employee’s control, including, but not limited to, all documents, graphs, charts, notes, reports, memoranda, computer storage media and other materials in whatever form, and all copies thereof, including but not limited to all “Confidential Information” as defined in paragraph 12 below.
6.1. Return of Company Property. Executive has returned or will return to the Company within five (5) business days of the Separation Date, all Company property including but not limited to credit cards, mobile telephone(s), computer(s), portable devices, keys, building passes, security passes, access or identification cards, thumb drives , equipment, supplies, records, files, handbooks, guidelines, materials, documents, and all other property belonging to the Company, whether in physical or electronic form, and all copies thereof. The deletion or removal of any Company records, files, documents, information or data shall be a breach of this Agreement.
21.RETURN OF COMPANY PROPERTY 21.1The Employee will at the expiry of the Employment, or at the earlier date as requested by the Company, deliver to a person designated by the Company, all documents, materials, and other property belonging to the Company or any affiliate. The Employee is also reminded that he, upon the termination of the Employment relationship, is not entitled to copy or make any other transcripts of documents or personal notes, or in any other way, irrespective of how, use the Company or any affiliate’s property.
Return of Company Property. Upon the termination of your employment for any reason, as a precondition to your receipt of the Non-CIC Severance Benefits, the CIC Severance Benefits, and the Accelerated Vesting, as applicable (if and as applicable), within five (5) business days after your Separation from Service Date (or earlier if requested by the Company), you must return to the Company all Company documents (and all copies thereof) and other Company property in your possession, custody or control, including, but not limited to, Company files, notes, financial and operational information, password and account information, customer lists and contact information, prospect information, product and services information, research and development information, drawings, records, plans, forecasts, pipeline reports, sales reports or other reports, payroll information, spreadsheets, studies, analyses, compilations of data, proposals, agreements, sales and marketing information, personnel information, specifications, code, software, databases, computer-recorded information, tangible property and equipment (including, but not limited to, computers, facsimile machines, mobile telephones, tablets, handheld devices, and servers), credit cards, entry cards, identification badges and keys, and any materials of any kind which contain or embody any proprietary or confidential information of the Company, and all reproductions thereof in whole or in part and in any medium, other than any document you would be required to retain by applicable law or produce in any investigation by a regulatory or governmental agency or court of competent jurisdiction. You further agree that you will make a diligent search to locate any such documents, property and information and return them to the Company within the timeframe provided above. You also must provide the Company all passwords, log-ins, administrative access, and any other information or access for and relating to any Company computer or other device that you have used to access or use the Company’s network, as well as any Company database or Company accounts with third parties which you established, administered, or to which you had access, and must terminate your access to such network and accounts and otherwise comply with any Company requests regarding all such access and accounts. In addition, if you have used any personal computer, server, or email system to receive, store, review, prepare or transmit any confidential or proprietary data, materials or information of the Company, then within five (5) business days after your Separation from Service date (or earlier if requested by the Company) you must provide the Company with a computer-useable copy of such information and permanently delete and expunge such confidential or proprietary information from those systems without retaining any reproductions (in whole or in part); and you agree to provide the Company access to that portion of your system containing or which contained such information, as requested, to verify that the necessary copying and deletion is done. If requested, you shall deliver to the Company a signed statement certifying compliance with this Section prior to the receipt of the Non-CIC Severance Benefits, the CIC Severance Benefits, or the Accelerated Vesting, as applicable.
1.1.Return of Company Property. On or before the expiration of the Transition Period, or any time upon the Company’s request, Executive will return all Company property, including keys, credit cards, security access cards, codes, personal computers, cell phones, devices, memoranda, data, records, notes and other information in Executive’s possession or under Executive’s control in any form.
2.Return of Company Property. As a further condition to receiving benefits under the Plan, you are required to cooperate with the Company’s usual and customary separation/termination process, including, to the extent required by the Company, surrender and delivery of all Company property, including without limitation, identification cards, vehicles, company credit cards, and computer equipment.
8. Return of Company Property. Employee agrees, prior to the receipt of the payment provided under paragraph 1, to return to Hub all property, including computer hardware and software, documents, and electronically stored data belonging or relating to Hub.
7.3. Return of Company Property. For purposes of this Return of Company Property section, “Company” includes all members of the Company Group. Employee represents that on or before the Separation Date, Employee shall use reasonable efforts to return to the Company, and cease all access to, Company property and Confidential Information, including property purchased by the Company or reimbursed by the Company, and any communications or documents or data created or transmitted or used by Employee as part of Employee’s employment with the Company, whether in electronic or hard copy or other format, whether involving Confidential Information or not, and regardless of location on work equipment, accounts, or premises, or on personal equipment, accounts or premises. This property to be returned includes any keys, access cards, credit cards, smartphones, tablets, computers, computer storage media of any kind (i.e. flash drives, external drives), or other hardware or software equipment, any communications or data or documents of any kind regarding Employee’s work on behalf of Company (i.e. emails, texts), any of the Company records, files, data, accounts, spreadsheets, and documents, including any copies. Employee represents that Employee will report to Company any passwords or other access codes for anything associated with Employee’s work or communications on behalf of the Company, whether equipment or accounts (including cloud or web-based accounts) or otherwise. Employee further agrees that if, in the future, Employee determines he inadvertently and/or unintentionally failed to return any Company property, Employee shall promptly, and not later than within five (5) days after such discovery, (i) provide written notice to the Company regarding such issue, and (ii) return such property to the Company, and such subsequent return of Company property shall not constitute a breach of this Agreement, provided that Employee has fully complied with the obligations in this sentence. Employee represents Employee will not, and that Employee has not, shared access, forwarded, deleted, modified, copied, cleaned, or altered any property, prior to its return to the Company. The Company shall use reasonable discretion to determine if all of its property and information has been returned and may inspect any relevant equipment or accounts and use computer imaging and forensics to determine if these obligations have been met. If the return of Company property obligations have not been met, as determined by the Company, additional inspection, imaging and searching of any accounts (including cloud or web-based accounts) or devices or storage locations (including personal ones) used to store or transmit Company property or information (whether confidential or not) may be used to locate and retrieve and remove Company’s property and information.
16.Return of Company Property. Employee agrees to promptly return to the Company all hard copy and electronic documents (and all copies thereof) and other Company property that Employee has had in Employee’s possession at any time, including, but not limited to, files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information (including email), tangible property (laptop computer, cell phone, PDA, etc.), credit cards, entry cards, identification badges and keys, and any materials of any kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). If Employee discovers after the Separation Date that Employee has retained any Company proprietary or confidential information, Employee agrees, immediately upon discovery to contact the Company and make arrangements for returning the information.
10.Return of Company Property. You agree that you have returned or will return immediately, all property belonging to the Company, including, but not limited to, any Company-provided laptops, computers, cell phones, wireless electronic mail devices or other equipment, or any property belonging to the Company and any Company documents. You also agree to disclose to the Company all passwords necessary or desirable to obtain access to, or that would assist in obtaining access to, any information which you have password-protected on any computer equipment, network or system of the Company. By your signature below, you warrant and representation that you have conducted a thorough search for Company property in all such electronic document storage accounts and electronic devices, as well as all files and hard copy documents in your possession, custody, or control.
(d) Return of Company Property. By signing this Agreement Team Member represents and warrants that Team Member will have returned to Company on or before the Separation Date, all Company property, including all confidential and proprietary information, and all materials and documents containing trade secrets, including notebooks, and copyrighted materials, including all copies and excerpts of the same.
5.2Return of Company Property. Except as otherwise directed by Company in writing, upon expiration or termination of this Agreement, Consultant will return to Company all tangible Company property provided or loaned to Consultant hereunder. Further upon expiration or termination of the Agreement, or earlier as requested by Company, Consultant will deliver to Company any and all records, reports, notes, memoranda, and documents, together with all copies thereof, and all other materials, containing or disclosing any Work Product, Third Party Information, or Proprietary Information.
10. Return of Company Property. Upon the termination of your employment for any reason, within five (5) days after your Separation from Service Date (or earlier if requested by the Company), you will return to the Company all Company documents (and all copies thereof) and other Company property within your possession, custody or control, including, but not limited to, Company files, notes, financial and operational information, customer lists and contact information, product and services information, research and development information, drawings, records, plans, forecasts, reports, payroll information, spreadsheets, studies, analyses, compilations of data, proposals, agreements, sales and marketing information, personnel information, specifications, code, software, databases, computer-recorded information, tangible property and equipment (including, but not limited to, computers, facsimile machines, mobile telephones, tablets, handheld devices, and servers), credit cards, entry cards, identification badges and keys, and any materials of any kind which contain or embody any proprietary or confidential information of the Company, and all reproductions thereof in whole or in part and in any medium. You further agree that you will make a diligent search to locate any such documents, property and information and return them to the Company within the timeframe provided above. In addition, if you have used any personally-owned computer, server, or e-mail system to receive, store, review, prepare or transmit any confidential or proprietary data, materials or information of the Company, then within five (5) days after your Separation from Service date you must provide the Company with a computer-useable copy of such information and permanently delete and expunge such confidential or proprietary information from those systems without retaining any reproductions (in whole or in part); and you agree to provide the Company access to your system, as requested, to verify that the necessary copying and deletion is done. If requested, you shall deliver to the Company a signed statement certifying compliance with this Section prior to the receipt of the Severance Benefits.
18. RETURN OF COMPANY PROPERTY Upon termination of the Employment or on the earlier date as may be requested by the Company, the Employee will return to the person designated by the Company all files, reports, documents and other materials which the Employee has produced or been supplied or entrusted with or which have come into the Employee's possession in connection with the Employment and all equipment and other property belonging to the Company or its Affiliates and the Company's or its Affiliates' business. The Employee must not retain any copies of any property or information referred to in this clause 18.
9.7 Return of Company Property On termination of this Contract you will immediately return to IXHL all company property which may then be in your possession, power or control.
8.Return of Company Property. By September 5, 2019, you agree to return to the Company all Company documents (and all copies thereof) and other Company property that you have had in your possession at any time, including, but not limited to, Company files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not limited to, computers), credit cards, entry cards, identification badges and keys; and, any materials of any kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). Please coordinate return of Company property with Human Resources. Receipt of the severance benefits described in Section 3 of this Agreement is expressly conditioned upon return of all Company property.
6.3 Return of Company Property. Upon termination of the Agreement or upon Company’s request at any other time, Consultant will deliver to Company all of Company’s property, equipment, and documents, together with all copies thereof, and any other material containing or disclosing any Work Product, Third Party Information or Confidential Information of Company and certify to Company in writing that Consultant has fully complied with this obligation Consultant further agrees that any property situated on Company’s premises and owned by Company is subject to inspection by Company personnel at any time with or without notice.
“Return of company property” refers to a clause or policy that mandates employees to return any property belonging to the company upon the termination of their employment. This property can include, but is not limited to, laptops, mobile phones, keys, ID badges, proprietary documents, and any other materials or equipment.
You should use a “Return of company property” clause anytime an employee’s tenure with the company is ending, whether through resignation, termination, or retirement. This ensures that all company assets are accounted for and can be reused or properly disposed of according to company policy.
When writing a “Return of company property” clause, ensure it is clear and comprehensive. Here is an example:
Return of Company Property: Upon termination of your employment, you agree to return all company property in your possession or control. This includes, but is not limited to, laptops, mobile devices, keys, ID badges, proprietary documents, and any other materials or equipment. Failure to return such items promptly may result in the withholding of your final paycheck or other legal actions.
“Return of company property” clauses are typically found in various types of agreements, including but not limited to:
These clauses help protect company resources and ensure compliance with internal policies and legal requirements.
The time frame for returning company property is typically specified in the employment or separation agreement. It can range from immediately upon termination to a set number of days afterward, such as 3 to 7 days. If no specific timeline is provided, the expectation is usually that all company property be returned as soon as possible to avoid any penalties or legal actions, such as the withholding of final paychecks or potential legal disputes. Always review the terms of your agreement to ensure compliance with the stated requirements.
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The "Right of First Refusal to Lease" clause grants an individual or entity the first opportunity to lease a property before the owner can offer it to other potential tenants. This provision ensures the holder has the priority to either accept the lease terms or waive the opportunity, allowing the owner to proceed with other parties.
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