Stock options as consideration for noncompete
Posted on October 3, by Leiza Dolghih. Many employees assume that a non-compete agreement will be clearly titled so as to provide them notice that they are agreeing not to compete with their employer on certain terms after they leave. However, that is not always the case.
Included in those terms was the covenant not to compete, solicit or disclose confidential information. Guillory accepted the terms, but then left to work a competitor.
Delaware Non-Compete Law Blog — Published by Young Conaway Stargatt & Taylor, LLP
If you are an employee, read your employment agreements and your compensation agreements carefully before signing them and make sure you understand them. If you can, negotiate the restrictive covenants.
If you cannot negotiate, plan for contingencies before leaving your employer. Also, when an employee leaves, remind him or her, either during the exit interview or via a separate letter, that they are subject to a covenant not to compete or a non-solicitation clause. Employment Agreements in Texas , Non-Compete Agreements in Texas , Texas Employment Law Tags: Cameron International , Covenants not to Compete in Stock Option Plans , Enforcing Non-Competition Agreement in Texas , ExxonMobil v.
Leaving Your Job - Workplace Fairness
Drennen , Marsh USA , Non Compete Agreement Texas , non solicitation agreement Texas , Restricted Stock Agreements in Texas , Temporary Injunctions in Texas , Texas non compete law , Texas Non Competes , Texas Uniform Electronic Transactions Act. You are commenting using your WordPress. You are commenting using your Twitter account.
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Posted on October 3, by Leiza Dolghih Leave a Comment. Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in: Email required Address never made public.
Jones Day | Stock Options Now Valid Consideration for Noncompete Agreements in Texas
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