3 ms·

For quant finance and HFT noncompetes usually pay out pretty generously

• thwayunion 4y ago
  Interestingly, the FTC rule does not include an exception for garden pay.
  • ghaff 4y ago
    Probably just as well. Garden leave can be a pretty unsatisfactory mitigation, especially if it's not 100% of salary or if a lot of total comp is in bonus or equity. And even money aside, some people may not want to put their career on hold for a year. Essentially garden leave is a compromise that's better than nothing and will make companies think twice about trying to enforce a non-compete. However, non-competes still raise flags for potential employers as well. (I used to work for a very small company and we wouldn't touch anyone who had a non-compete in place.)