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0 pointsSpooky238y ago0 comments

Usually when they really give a shit about the non-compete in finance, there's a term contract.

My friend did commercial banking. He had a one year non-compete, but it was geographically scoped, and he also had multi-year contracts that protected him from layoff. They needed to release him for specific causes, buy out the contract, release his contractual obligations, or some combo.

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smallnamespace8y ago

Another model I've seen is that everyone gets a blanket noncompete, but when the employee leaves, the business and legal folks get together and decide whether they really want to pay for the person to be unemployed.

Usually it depends on the exact new position, whether it's at a direct competitor, how senior the person was, etc.

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0 pointsSpooky238y ago0 comments

Usually when they really give a shit about the non-compete in finance, there's a term contract.

0 comments

smallnamespace8y ago

Usually it depends on the exact new position, whether it's at a direct competitor, how senior the person was, etc.

j / k navigate · click thread line to collapse