Exhibit 10.29

 

April 24, 2019

Daniel H. White

XXXXX

 

Re:Separation Agreement

Dear Daniel:

This letter sets forth the substance of the separation agreement (the
“Agreement”) which Clearside Biomedical, Inc. (the “Company”) is offering to you
to aid in your employment transition and which was originally provided to you on
April 7, 2019.  The Amended and Restated Executive Employment Agreement
effective August 3, 2017 between the Company and you is referred to herein as
“Employment Agreement.”  The Employment Agreement contains a Base Salary that
has since been increased to $488,653.

1.Separation.  You have tendered, and the Company has accepted, your resignation
as President and Chief Executive Officer of the Company and as a Director on the
Company’s Board of Directors (the “Board”). Your last day of work with the
Company and your employment termination date was April 7, 2019 (the “Separation
Date”).

2.Accrued Salary.  On the next regular payroll date following the Separation
Date, the Company will pay you all accrued salary earned through the Separation
Date, subject to standard payroll deductions and withholdings.  You will receive
these payments regardless of whether or not you sign this Agreement.

3.Severance Benefits. If you execute and do not revoke this Agreement, and fully
comply with your obligations hereunder, the Company shall pay and/or provide the
following “Severance Benefits” in accordance with your Employment Agreement
dated August 3, 2017 (the “Employment Agreement”).

a.Severance Payments.  The Company will pay you an amount equal to  eighteen
(18) months’ of your Base Salary ($488,653.00 per year) in effect on the
Separation Date, less legally-applicable withholdings and deductions
($732,979.50 gross severance pay before legally-applicable withholdings and
deductions).  These payments will be made in installments on the Company’s
regular payroll dates, commencing on the Company’s first regular payroll date
following the Effective Date as defined below, provided that the Company
received the executed Agreement from you on or before that date.  

b.Health Continuation Coverage Premiums.   Provided you timely elect continued
coverage under COBRA, the Company will cover the cost of the COBRA premium for
the continuation of your health insurance benefits for the earliest of (x)
eighteen (18) months following the Separation Date; (y) the date when you become
eligible for health insurance coverage in connection with new employment or
self-employment; or (z) the date that you cease to be eligible for COBRA
continuation coverage for any reason, including plan termination.  

 

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Daniel H. White

April 24, 2019

Page 2 of 10

 

Notwithstanding the foregoing, if at any time the Company determines, in its
sole discretion, that the payment of the COBRA premiums would result in a
violation of the nondiscrimination rules of Section 105(h)(2) of the Code or any
statute or regulation of similar effect (including but not limited to the 2010
Patient Protection and Affordable Care Act, as amended by the 2010 Health Care
and Education Reconciliation Act), then provided you remain eligible for payment
in accordance with this Section 3(b), in lieu of paying the COBRA premiums, the
Company will instead pay you on the last day of each remaining month of the
COBRA Payment Period, a fully taxable cash payment equal to the COBRA premiums
for that month, subject to applicable tax withholdings for the remainder of the
COBRA Payment Period.  If you become eligible for coverage under another
employer's group health plan through self-employment or otherwise cease to be
eligible for COBRA during the period provided in this clause, you must
immediately notify the Company of such event, and all payments and obligations
under Section 3(b) only will cease.

c.Enhanced Vesting.  The Company will provide enhanced vesting of your unvested
stock options, as described below in Section 6 of the Agreement.

d.Enhanced Exercise Rights.  Although not required under your Employment
Agreement, the Company will provide you with enhanced exercise rights as to your
stock options, as described below in Section 6 of the Agreement.

4.Section 409A.

a.Notwithstanding anything to the contrary herein, the following provisions
apply to the extent severance benefits provided herein are subject to Section
409A of the Internal Revenue Code (the “Code”) and the regulations and other
guidance thereunder and any state law of similar effect (collectively “Section
409A”).  Severance benefits shall not commence until you have a “separation from
service” (as defined under Treasury Regulation Section 1.409A-1(h), without
regard to any alternative definition thereunder, a “separation from service”).  
Each installment of severance is a separate “payment” for purposes of Treas.
Reg. Section 1.409A-2(b)(2)(i), and the severance benefits are intended to
satisfy the exemptions from application of Section 409A provided under Treasury
Regulations Sections 1.409A-1(b)(4) and 1.409A-1(b)(9).  The parties acknowledge
that the exemptions from application of Section 409A to severance benefits are
fact specific, and any later amendment of this Agreement to alter the timing,
amount or conditions that will trigger payment of severance benefits may
preclude the ability of severance benefits provided under this Agreement to
qualify for an exemption.

b.It is intended that this Agreement shall comply with the requirements of
Section 409A, and any ambiguity contained herein shall be interpreted in such
manner so as to avoid adverse personal tax consequences under Section 409A.
Notwithstanding the foregoing, the Company shall in no event be obligated to
indemnify you for any taxes or interest that may be assessed by the Internal
Revenue Service pursuant to Section 409A of the Code to payments made pursuant
to this Agreement.

5.Benefit Plans.

 

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Daniel H. White

April 24, 2019

Page 3 of 10

 

Your participation as an employee in the Company’s group health insurance plans
will end on the last day of the month in which the Separation Date
occurs.  Thereafter, to the extent provided by the federal COBRA law or, if
applicable, state insurance laws, and by the Company’s current group health
insurance policies, and subject to your eligibility under Section 3(b) of this
Agreement to receive COBRA reimbursements, you will be eligible to continue your
group health insurance benefits at your own expense.  

 

Your participation in Employer-Sponsored Group Life Insurance and Short and Long
Term Disability Insurance will cease as of the last day of the month in which
the Separation Date occurs.  

 

Deductions for the 401(k) Plan will end with your last regular paycheck.  You
will receive information by mail concerning 401(k) plan rollover procedures
should you be a participant in this program.  

 

6.Stock Options.  

a.You were granted options to purchase a total of 959,890 shares of the
Company’s common stock (collectively, the “Options”) pursuant to the applicable
plan pursuant to which each such Option was granted (either the Company’s 2011
Stock Incentive Plan, as amended, or the Company’s 2016 Equity Incentive Plan)
(as applicable to such Option, the “Plan”) and stock option agreements and any
other documents between you and the Company setting forth the terms of the
Options (the “Option Documents”).  Under the terms of the Plan and your stock
option grants, vesting of the Options will cease as of the Separation Date.  

b.Notwithstanding anything to the contrary in the applicable Plan or the Option
Documents, if you comply fully with the terms of Section 3 of this Agreement,
then the unvested portion of your Options that would have vested over the
eighteen (18) month period following the Separation Date in accordance with the
applicable time-based vesting schedule had you remained continuously employed by
the Company during such period will be automatically vested and exercisable as
of the Separation Date. Your rights to exercise your options as to any vested
shares will be as set forth in the applicable Plan.

c.Notwithstanding anything to the contrary in the applicable Plan or the Option
Documents, if you comply fully with the terms of Section 3 of this Agreement,
the Options may be exercised as to any vested shares subject to the Options
through the earlier of: (i) ninety days following the date of the Board’s 2020
annual stockholders meeting, or (ii) the original expiration date applicable to
each Option, unless terminated earlier in accordance with the terms of the
applicable Plan and Option Documents.  Except as provided in this Agreement, all
terms, conditions and limitations applicable to the Options will remain in full
force and effect pursuant to the applicable Plan and Option Documents; provided
however, you acknowledge that this Section 6 sets forth the full agreement
between the parties as to the treatment of your Options as of the Separation
Date and that you are not entitled to any other options to purchase shares of
the Company’s common stock. To the extent the Options are “incentive stock
options” under the Internal Revenue Code, an extension of the exercise period of
the Options may cause them to lose such status and instead be treated as
non-qualified stock options for federal tax purposes.   You

 

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Daniel H. White

April 24, 2019

Page 4 of 10

 

acknowledge that the Company is not providing tax advice to you and that you
have been advised by the Company to seek independent tax advice with respect to
the exercise and modification of the Options.

7.Other Compensation or Benefits.  You acknowledge that, except as expressly
provided in this Agreement, you will not receive any additional compensation,
severance or benefits, including under the Employment Agreement, after the
Separation Date.

8.Expense Reimbursements.  You agree that, within ten (10) days of the
Separation Date, you will submit your final documented expense reimbursement
statement reflecting all business expenses you incurred through the Separation
Date, if any, for which you seek reimbursement.  The Company will reimburse you
for reasonable business expenses pursuant to its regular business practice.

9.Return of Company Property.  Following the Separation Date, you represent that
you returned to the Company all Company documents (and all copies thereof) and
other Company property that, to your good faith belief and personal knowledge
formed after making a diligent search, 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).  You have
coordinated the return of Company property from your laptop computer with
Charles A. Deignan, Chief Financial Officer, to his confirmed satisfaction,
based upon his review and your representation that you have returned Company
property in your possession.  If you timely execute and do not revoke this
Agreement, because the Company finds that any Company files and data stored on
the computer are restored to Company possession, the Company is allowing you to
keep permanent possession of your laptop computer.

10.Proprietary Information and Post-Termination Obligations.  You acknowledge
your continuing obligations under your Proprietary Information and Inventions
Agreement dated August 31, 2011 (the “Proprietary Information Agreement”) not to
use or disclose any confidential or proprietary information of the Company and
to refrain from certain solicitation and competitive activities.  A copy of your
Proprietary Information Agreement is attached hereto as Exhibit A.  If you have
any doubts as to the scope of the restrictions in your agreement, you should
contact Charles A. Deignan, Chief Financial Officer, immediately to assess your
compliance.  As you know, the Company will enforce its contract rights.  Please
familiarize yourself with the enclosed Proprietary Information Agreement which
you signed.  Confidential information that is also a “trade secret,” as defined
by law, may be disclosed (A) if it is made (i) in confidence to a federal,
state, or local government official, either directly or indirectly, or to an
attorney and (ii) solely for the purpose of reporting or investigating a
suspected violation of law; or (B) is made in a complaint or other document
filed in a lawsuit or other proceeding, if such filing is made under seal. In
addition, in the event that you file a lawsuit for retaliation by the Company
for reporting a suspected violation of law, you may disclose the trade secret to
your attorney and use the trade secret information in the court proceeding, if
you: (A) file any document containing the trade secret under seal; and (B) do
not disclose the trade secret, except pursuant to court order.

 

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Daniel H. White

April 24, 2019

Page 5 of 10

 

 

11.Confidentiality.  The provisions of this Agreement will be held in strictest
confidence by you and the Company and will not be publicized or disclosed in any
manner whatsoever; provided, however, that:  (a) you may disclose this Agreement
to your immediate family; (b) the parties may disclose this Agreement in
confidence to their respective attorneys, accountants, auditors, tax preparers,
and financial advisors; (c) the Company may disclose this Agreement as necessary
to fulfill standard or legally required corporate reporting or disclosure
requirements; and (d) the parties may disclose this Agreement insofar as such
disclosure may be necessary to enforce its terms or as otherwise required by
law.  In particular, and without limitation, you agree not to disclose the terms
of this Agreement to any current or former Company employee.  Notwithstanding
the foregoing, nothing in this Agreement shall limit your right to voluntarily
communicate with the Equal Employment Opportunity Commission, United States
Department of Labor, the National Labor Relations Board, the Securities and
Exchange Commission, other federal government agency or similar state or local
agency or to discuss the terms and conditions of your employment with others to
the extent expressly permitted by Section 7 of the National Labor Relations
Act.  

12.Non-Disparagement.   Both you and the Company agree not to disparage the
other party, and the other party’s officers, directors, employees, shareholders
and agents, in any manner likely to be harmful to them or their business,
business reputation or personal reputation; provided that both you and the
Company will respond accurately and fully to any question, inquiry or request
for information when required by legal process.  The Company’s obligations under
this Section are limited to Company representatives with knowledge of this
provision. Notwithstanding the foregoing, nothing in this Agreement shall limit
your right to voluntarily communicate with the Equal Employment Opportunity
Commission, United States Department of Labor, the National Labor Relations
Board, the Securities and Exchange Commission, other federal government agency
or similar state or local agency or to discuss the terms and conditions of your
employment with others to the extent expressly permitted by Section 7 of the
National Labor Relations Act.  In the event that you need a job reference for a
future potential employer, you will direct all requests to the Chief Financial
Officer.  In response to any such requests/inquiries, the Chief Financial
Officer will only confirm dates of employment, job title and your voluntary
resignation from the Company.  

13.Cooperation after Termination.  During the time that you are receiving
payments and other benefits under this Agreement, you agree to cooperate fully
with the Company in all matters relating to the transition of your work and
responsibilities on behalf of the Company, including, but not limited to, any
present, prior or subsequent relationships and the orderly transfer of any such
work and institutional knowledge to such other persons as may be designated by
the Company, by making yourself reasonably available during regular business
hours.

14.Release by You.  In exchange for the payments and other consideration under
this Agreement, to which you would not otherwise be entitled, and except as
otherwise set forth in this Agreement, you, on behalf of yourself and, to the
extent permitted by law, on behalf of your spouse, heirs, executors,
administrators, assigns, insurers, attorneys and other persons or entities,
acting or purporting to act on your behalf (collectively, the “Employee
Parties”), hereby generally

 

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Daniel H. White

April 24, 2019

Page 6 of 10

 

and completely release, acquit and forever discharge the Company, its parents
and subsidiaries, and its and their officers, directors, managers, partners,
agents, representatives, employees, attorneys, shareholders, predecessors,
successors, assigns, insurers and affiliates (the “Company Parties”) of and from
any and all claims, liabilities, demands, contentions, actions, causes of
action, suits, costs, expenses, attorneys’ fees, damages, indemnities, debts,
judgments, levies, executions and obligations of every kind and nature, in law,
equity, or otherwise, both known and unknown, suspected and unsuspected,
disclosed and undisclosed, arising out of or in any way related to agreements,
events, acts or conduct at any time prior to and including the execution date of
this Agreement, including but not limited to:  all such claims and demands
directly or indirectly arising out of or in any way connected with your
employment with the Company or the termination of that employment; claims or
demands related to salary, bonuses, commissions, stock, stock options, or any
other ownership interests in the Company, vacation pay, fringe benefits, expense
reimbursements, severance pay, or any other form of compensation; claims
pursuant to any federal, state or local law, statute, or cause of action; tort
law; or contract law (individually a “Claim” and collectively “Claims”).  The
Claims you are releasing and waiving in this Agreement include, but are not
limited to, any and all Claims that any of the Company Parties:

 

•

has violated its personnel policies, handbooks, contracts of employment, or
covenants of good faith and fair dealing;

 

•

has discriminated against you on the basis of age, race, color, sex (including
sexual harassment), national origin, ancestry, disability, religion, sexual
orientation, marital status, parental status, source of income, entitlement to
benefits, any union activities or other protected category in violation of any
local, state or federal law, constitution, ordinance, or regulation, including
but not limited to: the Age Discrimination in Employment Act, as amended
(“ADEA”); Title VII of the Civil Rights Act of 1964, as amended; the Civil
Rights Act of 1991; 42 U.S.C. § 1981, as amended; the Equal Pay Act; the
Americans With Disabilities Act; the Genetic Information Nondiscrimination Act;
the Family and Medical Leave Act; the Georgia Fair Employment Practices Act; the
Georgia Equal Pay Act; the Georgia Prohibition on Age Discrimination in
Employment Act; the Georgia Equal Employment for Persons with Disabilities Code;
the Employee Retirement Income Security Act; the Employee Polygraph Protection
Act; the Worker Adjustment and Retraining Notification Act; the Older Workers
Benefit Protection Act; the anti-retaliation provisions of the Sarbanes-Oxley
Act, or any other federal or state law regarding whistleblower retaliation; the
Lilly Ledbetter Fair Pay Act; the Uniformed Services Employment and Reemployment
Rights Act; the Fair Credit Reporting Act; and the National Labor Relations Act;

 

•

has violated any statute, public policy or common law (including but not limited
to Claims for retaliatory discharge; negligent hiring, retention or supervision;
defamation; intentional or negligent infliction of emotional distress and/or
mental anguish; intentional interference with contract; negligence; detrimental
reliance; loss of consortium to you or any member of your family and/or
promissory estoppel).

 

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Daniel H. White

April 24, 2019

Page 7 of 10

 

Notwithstanding the foregoing, other than events expressly contemplated by this
Agreement you do not waive or release rights or Claims that may arise from
events that occur after the date this waiver is executed and you are not
releasing any right of indemnification, being defended at Company expense (if
applicable), and being insured under the Company’s D & O and other applicable
insurance policies you may have for any liabilities arising from your actions
within the course and scope of your employment with the Company or within the
course and scope of your role as a member of the Board and/or an officer of the
Company.  Also excluded from this Agreement are any Claims which cannot be
waived by law, including, without limitation, any rights you may have under
applicable workers’ compensation laws and your right, if applicable, to file or
participate in an investigative proceeding of any federal, state or local
governmental agency.  For the avoidance of doubt, nothing in this Agreement
shall prevent you from challenging the validity of the release in a legal or
administrative proceeding.  Nothing in this Agreement shall prevent you from
filing, cooperating with, or participating in any proceeding or investigation
before the Equal Employment Opportunity Commission, United States Department of
Labor, the National Labor Relations Board, the Occupational Safety and Health
Administration, the Securities and Exchange Commission or any other federal
government agency, or similar state or local agency (“Government Agencies”), or
exercising any rights pursuant to Section 7 of the National Labor Relations
Act.  You further understand this Agreement does not limit your ability to
voluntarily communicate with any Government Agencies or otherwise participate in
any investigation or proceeding that may be conducted by any Government Agency,
including providing documents or other information, without notice to the
Company.  While this Agreement does not limit your right to receive an award for
information provided to the Securities and Exchange Commission, you understand
and agree that, you are otherwise waiving, to the fullest extent permitted by
law, any and all rights you may have to individual relief based on any Claims
that you have released and any rights you have waived by signing this
Agreement.  If any Claim is not subject to release, to the extent permitted by
law, you waive any right or ability to be a class or collective action
representative or to otherwise participate in any putative or certified class,
collective or multi-party action or proceeding based on such a Claim in which
any of the Company Parties is a party.  This Agreement does not abrogate your
existing rights under any Company benefit plan or any plan or agreement related
to equity ownership in the Company; however, it does waive, release and forever
discharge Claims existing as of the date you execute this Agreement pursuant to
any such plan or agreement.

 

15.Release by the Company.  In exchange for you signing, dating, and returning
this Agreement to the Company, allowing the applicable release contained herein
to become effective, and complying with your obligations to the Company as set
forth in this Agreement, the Company hereby generally and completely releases
you, your heirs, beneficiaries, executors, administrators, trustees and assigns
from any and all known claims, liabilities and obligations that arise out of or
are in any way related to events, acts, conduct, or omissions prior to or on the
date the Company signs this Agreement provided, however, that this Release shall
not extend to: (i) any claims arising after the date this Agreement is signed,
including without limitation any claims for breach of this Agreement; (ii)
claims arising at any time from your contractual, statutory, and common law
obligations to refrain from the unauthorized use or disclosure of the Company’s
confidential, proprietary, or trade secret information; or (iii) claims arising
at any time from your willful misconduct, fraudulent conduct, or violations of
applicable law.  The Company represents and

 

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Daniel H. White

April 24, 2019

Page 8 of 10

 

warrants that it has no knowledge or information at this time of any potential
or suspected violation of the types listed in subsections (ii) or (iii).

16.Your Acknowledgments and Affirmations/Effective Date of Agreement.  You
acknowledge that you are knowingly and voluntarily waiving and releasing any and
all rights you may have under the ADEA, as amended.  You also acknowledge and
agree that (i) the consideration given to you in exchange for the waiver and
release in this Agreement is in addition to anything of value to which you were
already entitled, and (ii) that you have been paid for all time worked, have
received all the leave, leaves of absence and leave benefits and protections for
which you are eligible, and have not suffered any on-the-job injury for which
you have not already filed a Claim. You affirm that all of the decisions of the
Company Parties regarding your pay and benefits through the date of your
execution of this Agreement were not discriminatory based on age, disability,
race, color, sex, religion, national origin or any other classification
protected by law.  You affirm that you have not filed or caused to be filed, and
are not presently a party to, a Claim against any of the Company Parties.  You
further affirm that you have no known workplace injuries or occupational
diseases.  You acknowledge and affirm that you have not been retaliated against
for reporting any allegation of corporate fraud or other wrongdoing by any of
the Company Parties, or for exercising any rights protected by law, including
any rights protected by the Fair Labor Standards Act, the Family Medical Leave
Act or any related statute or local leave or disability accommodation laws, or
any applicable state workers’ compensation law. You further acknowledge and
affirm that you have been advised by this writing that:  (a) your waiver and
release do not apply to any rights or Claims that may arise after the execution
date of this Agreement; (b) you have been advised hereby that you have the right
to consult with an attorney prior to executing this Agreement; (c) you have been
given twenty-one (21) days to consider this Agreement (although you may choose
to voluntarily execute this Agreement earlier and if you do you will sign the
Consideration Period waiver below) and you specifically agree that negotiated
changes to this Agreement after April 24, 2019, whether or not material, do not
extend the 21-day Consideration Period; (d) you have seven (7) days following
your execution of this Agreement to revoke this Agreement; and (e) this
Agreement shall not be effective until the date upon which the revocation period
has expired unexercised (the “Effective Date”), which shall be the eighth day
after this Agreement is executed by you.

17.No Admission. This Agreement does not constitute an admission by you or the
Company of any wrongful action or violation of any federal, state, or local
statute, or common law rights, including those relating to the provisions of any
law or statute concerning employment actions, or of any other possible or
claimed violation of law or rights.

18.Breach. You agree that your right to continue to receive the Severance
Benefits described in Section 3 is conditioned upon your continued compliance
with the terms of this Agreement and committing no material breach of any of its
terms.  You and the Company acknowledge that it may be impossible to assess the
damages caused by a violation of the terms of Sections 9, 10, 11 and 12 of this
Agreement and further agree that any threatened or actual violation or breach of
those Sections of this Agreement will constitute immediate and irreparable
injury to the enforcing party, and, in addition to any and all other damages and
remedies available upon such breach of this Agreement, the enforcing party shall
be entitled to an injunction to prevent the

 

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Daniel H. White

April 24, 2019

Page 9 of 10

 

breaching party from violating or breaching this Agreement.  If either party is
successful in whole or part in any legal or equitable action to enforce this
Agreement, then the enforcing party can collect from the other party all of the
costs, including reasonable attorneys’ fees, incurred in enforcing the terms of
this Agreement.

19.Miscellaneous.  This Agreement, including Exhibit A, constitutes the
complete, final and exclusive embodiment of the entire agreement between you and
the Company with regard to this subject matter.  It is entered into without
reliance on any promise or representation, written or oral, other than those
expressly contained herein, and it supersedes any other such promises,
warranties or representations.  This Agreement may not be modified or amended
except in a writing signed by both you and a duly authorized officer of the
Company.  This Agreement will bind the heirs, personal representatives,
successors and assigns of both you and the Company, and inure to the benefit of
both you and the Company, their heirs, successors and assigns.  If any provision
of this Agreement is determined to be invalid or unenforceable, in whole or in
part, this determination will not affect any other provision of this Agreement
and the provision in question will be modified by the court so as to be rendered
enforceable.  This Agreement will be deemed to have been entered into and will
be construed and enforced in accordance with the laws of the State of Georgia as
applied to contracts made and to be performed entirely within Georgia.

If this Agreement is acceptable to you, please sign below and return it to me on
or before the date that is twenty-one (21) days after you receive this
Agreement.  The Company’s offer contained herein will automatically expire if we
do not receive the fully signed Agreement within this timeframe.

I wish you good luck in your future endeavors.

[signatures to follow on next page]

 

 

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Daniel H. White

April 24, 2019

Page 10 of 10

 

Sincerely,

Clearside Biomedical, Inc.

By:  _/s/ Leslie Zacks_________________

Name: Leslie Zacks

Title: General Counsel and CCO

Agreed to and Accepted:

_/s/ Daniel H. White__________________

Daniel H. White

 

 

Exhibit A – Proprietary Information and Inventions Agreement

 

CONSIDERATION PERIOD

I, Daniel H. White, understand that I have the right to take at least 21 days
from April 24, 2019 to consider whether to sign this Agreement, which I received
on April 24, 2019.  If I elect to sign this Agreement before 21 days have
passed, I understand I am to sign and date below this paragraph to confirm that
I knowingly and voluntarily agree to waive the 21-day consideration period.

 

 

Agreed:

/s/ Daniel White

Signature

 

April 27, 2019______________________________

Date

 

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Exhibit A

Proprietary Information and Inventions Agreement