2 ms·
This. Companies typically get these non-compete and non-solicit clauses in place when you accept RSUs or other equity award. In some cases they don’t even vest
by rubyfan 2y ago
This. Companies typically get these non-compete and non-solicit clauses in place when you accept RSUs or other equity award. In some cases they don’t even vest for a few years or could be worth only a few thousand dollars. It’s hard for me to get my head around the fact that nearly no meaningful consideration is actually given to employees when in fact the potential down side of loss of income is so huge when you are prohibited from working in your field for a year or more. The deal is absurd and should be prohibited.
If there is a real threat of damage to a company’s competitive position then the company should pay you to stay on the sidelines, instead companies are stifling individuals ability to grow and earn an income.