Even if you have this type of blanket clause you can get a carve-out for a specific piece of work. Usually done by notifying your manager in writing that you're working on a home project (book, whatever) and that it won't be done on company time or company materials.
Of course this sucks that you can't do it stealthily, but you usually can get a carve-out. IANAL though.
Of course this sucks that you can't do it stealthily, but you usually can get a carve-out. IANAL though.