(b) Executive acknowledges and agrees that, in the event of a breach or threatened breach by Executive of any of the provisions of this Agreement, monetary damages shall not constitute a sufficient remedy. Consequently, in the event of any such breach or threatened breach, the Company may (and shall be entitled to), in addition to other rights and remedies existing in its favor, apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions of this Agreement (including the extension of the Non-Compete Period by a period equal to the length of court proceedings necessary to stop such violation), in each case without the requirement of posting a bond or proving actual damages.
9. Development of Inventions, Improvements or Know-How.
(a) Disclosure Obligation. Executive shall disclose fully and promptly to the Company any and all promotional and advertising materials, catalogs, brochures, plans, customer lists, distributor lists, supplier lists, manuals, handbooks, information relating to customers, distributors or suppliers or their respective employees, inventions, discoveries, improvements, trade secrets, secret processes and any technology, know-how or intellectual property made or developed or conceived of by Executive, in whole or in part, alone or with others, which results from any work Executive may do for, or at the request of the Company or which relates to the business, operations, activities, research, investigations or obligations of the Company, including, without limitation, any and all facts, test data, findings, designs, formulas, processes, sketches, drawings, models and figures (collectively, Work Product).
(b) Assignment. All Work Product is deemed a work of hire in accordance with the U.S. Copyright Act and is owned exclusively by the Company. If and to the extent, any of the Work Product is not considered a work of hire, Executive does hereby assign to the Company and shall, without further compensation, assign to the Company, Executives entire right, title and interest in and to all Work Product. At the Companys expense and at the Companys request, Executive shall provide reasonable assistance and cooperation, including, without limitation, the execution of documents in order to obtain, enforce and/or maintain the Companys proprietary rights in the Work Product throughout the world. Executive appoints the Company as his agent and grants the Company a power of attorney for the limited purpose of executing all such documents.
(c) Publication. Executive shall not publish or submit for publication, or otherwise disclose to any person or entity other than the Company, any data or results from Executives work on behalf of the Company without the prior written consent of the Board.
10. Incentive Shares. The parties acknowledge that pursuant to the Prior Employment Agreement (as defined below), Executive was granted certain Phantom Shares of Amerinst Insurance Group, Ltd. (AMIG), which grant from and after the Effective Date shall be governed by that certain 2019 Incentive Phantom Share Plan of AMIG, a copy of which has been provided to Executive (the Incentive Share Plan), and each such Phantom Share shall be converted into one and shall constitute one vested Incentive Share (under and as defined in the Incentive Share Plan) and shall be subject to the terms and conditions of the Incentive Share Plan.