This excerpt taken from the EYE 8-K filed Jul 13, 2005.
If any of VISXs employees, consultants or others breach their proprietary information agreements, VISXs competitive position could be harmed.
VISX protects its proprietary technology, in part, through proprietary information and inventions agreements with employees, consultants and other parties. These agreements with employees and consultants generally contain standard provisions requiring those individuals to assign to VISX, without additional consideration, inventions conceived or reduced to practice by them while employed or retained by VISX, subject to customary exceptions. If any of VISXs employees, consultants or others breach these agreements VISXs competitors may learn of VISXs trade secrets.