I think you may be misreading the section regarding projects that you develop on your own time with your own equipment (unless I'm misreading it, which is also very possible):

> "Any provision in this Agreement requiring Employee to assign rights in Inventions does not and will not apply to any Invention for which no equipment, supplies, facilities, or trade secret information of Employer was used and that was developed entirely on Employee’s own time, unless (a) the Invention relates (i) directly to the business of Employer, or (ii) to Employer’s actual or demonstrably anticipated research or development"

Note the operative phrase: _does not and will not apply to any Invention..._