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The rule goes into effect 120 days after it gets published in the federal register, and at which point all previous non-competes are unenforceable EXCEPT for se
by datadrivenangel 3y ago
The rule goes into effect 120 days after it gets published in the federal register, and at which point all previous non-competes are unenforceable EXCEPT for senior executives.
Senior executives cannot enter into new non-competes though.
- DebtDeflation 3y agoHow is Senior Executive defined? C-Level only? Named Executive Officers on the 10-K?
- tired_star_nrg 3y agoMaking over ~$160k and making policy decisions
- zippothrowaway 3y ago'A “policy-making position,” according to the final rule, is a business’ president, CEO or equivalent, or any other person with “policy-making authority” for the business similar to a corporate officer with policy-making authority. The term “policy-making authority” in turn means the authority to make policy decisions controlling “significant aspects of a business entity or common enterprise.” Expressly carved out, are positions that only have the ability to “advis[e] or exert influence over such policy decisions” or positions only having “final authority to make policy decisions for . . . a subsidiary of or affiliate of a common enterprise.”' This seems written to stop even VPs being covered.