Non Competes at Banks
JUst curious to know if a non - compete is enforcable when the employee is terminated in New york. I read on some sites that is was not enforcable or very limited. Not terminated b/c an employee acted fraudulently, but was let go. Can these banks/firms hold you to these non compete agreements.
As well, what is the usual step by step process of transfering your clients out?
If you are in a right to work state, I have heard they cannot stop you from working. I have also heard they usually can get the “training cost” out of you. Good luck.
The question may not be is it enforcable, but rather will they try to enforce it by taking you to arbitration over breach of contract. Regardless of whether they have a case, it will cost you a boatload of money and you will most likely come to a settlement to avoid risk of losing in arbitration and substantially more money. It only costs a firm about $1000 to file an arbitration claim against you and make your life suck.