4 ms·
When I was younger, I used to think that non-compete meant that the company would continue to pay you the same salary as before for the duration of the non-comp
by thanksgiving 9y ago
When I was younger, I used to think that non-compete meant that the company would continue to pay you the same salary as before for the duration of the non-compete. It just sounded like common sense.
I was young and naive. I am not that young anymore but I still think this needs to be a nationwide law. If you want me to not work (in an industry) for a particular length of time, you ought to pay me to not work about as much as what I would have made by working. Sure, put a ceiling at 50x minimum wage (so currently $725k a year https://www.google.com/search?q=7.25*2000*50 https://www.google.com/search?q=7.25*2000*50 ) or something but this is just common sense that if you want to prevent me from working, you should pay me for the duration that I am not working.
- Clubber 9y agoI agree. I would say first make it non enforceable unless the employee is a certain status with certain parameters (like ownership) and then it's some multiple of salary after X years at the company. So you couldn't extend it to someone who's been there 6 months.