Ah. How could I be so foolish as to think there might be some nuance to the situation! For what it’s worth a lot of friends in finance are/were bummed about how this law might affect gardening leave. [0]
[0] https://finance.yahoo.com/news/whether-wall-street-garden-le...
Those garden contracts sound like a variation of the same idea.
Anyways, if I understand FCC's position right, they also had nuance for specific non-competes.
https://www.cnbc.com/2016/06/22/jimmy-johns-drops-non-compet...
we may as well force companies to pay up or shut up when it comes to noncompetes.
>The only exceptions are non-compete or restrictive covenants that fall within one of the narrow exemptions authorized by statute, all of which relate to the sale of the goodwill of a business, or of a substantial ownership stake in the business. Courts interpret these statutory exceptions very narrowly.
If you have enough skin in the game that you can make life or death decisions for a company (or take out money in stock that can sink the company), you probably have enough money that a non-compete won't put you on the streets.