Executive and the Company hereby covenant and agree that all intellectual property of any kind, whether now or later created, developed or produced, developed by Executive, whether directly or indirectly, in connection with services rendered by Executive for or on behalf of the Company, or from the use of premises or property owned, leased, licensed or contracted for by the Company, both prior to and during the term of this Agreement, or otherwise developed by Executive during the Service Period which is in any way related to the Company's business, as conducted or proposed to be conducted, shall be the property of the Company. Executive hereby assigns to the Company any and all rights and interests he now has, or may hereafter acquire in during the term of this Agreement, in and to such intellectual property.