Sec. 10a-110c. (Formerly Sec. 10-127). Employees to share in proceeds.
Sec. 10a-110c. (Formerly Sec. 10-127). Employees to share in proceeds. Each
employee who conceives any invention and discharges his obligations to the university
as hereinbefore provided shall be entitled to share in any net proceeds that may be
derived from the assignment, grant, license or other disposal of such invention. The
amount of such net proceeds shall be computed by, or with the approval of, the board,
with reasonable promptness after collection thereof, and after deducting from gross
proceeds such costs and expenses as may be reasonably allocated to the particular invention or discovery. A minimum of twenty per cent of the amount of such net proceeds
shall be paid to an employee who solely conceived or made the invention, and shall be
paid in shares to two or more employees who jointly made the invention in such respective proportions as the board may determine. The board in its discretion may increase
the amount by which any employee or employees may participate in such net proceeds.
(1949 Rev., S. 3281.)
History: Sec. 10-127 transferred to Sec. 10a-110c in 1983 pursuant to reorganization of higher education system.