I've been in Silicon Valley for ~25 years and held 10 jobs. I've never seen this before and I would NEVER ever sign something like this. This sounds like inde

I've been in Silicon Valley for ~25 years and held 10 jobs. I've never seen this before and I would NEVER ever sign something like this. This sounds like indentured servitude. The manager is lying to you when she says that it's "common". Run away from this company, fast. No job is worth signing an indefinite contract like that.