Epstein Becker: Illinois Appellate Court Holds Employer's Waiver of Non-Compete Period to Avoid $1 Million Payment Was Ineffective | Practical Law

Epstein Becker: Illinois Appellate Court Holds Employer's Waiver of Non-Compete Period to Avoid $1 Million Payment Was Ineffective | Practical Law

This Law Firm Publication by Epstein Becker & Green, P.C. discusses the recent Illinois Court of Appeals decision, Reed v. Getco, LLC. There, the court ordered the employer to pay a departing employee $1 million for a previously negotiated six-month non-competition period (paid "garden leave") despite the employer's attempt to evade the payment by waiving the non-competition period.

Epstein Becker: Illinois Appellate Court Holds Employer's Waiver of Non-Compete Period to Avoid $1 Million Payment Was Ineffective

by Epstein Becker & Green, P.C.
Law stated as at 10 Oct 2016 • Illinois
This Law Firm Publication by Epstein Becker & Green, P.C. discusses the recent Illinois Court of Appeals decision, Reed v. Getco, LLC. There, the court ordered the employer to pay a departing employee $1 million for a previously negotiated six-month non-competition period (paid "garden leave") despite the employer's attempt to evade the payment by waiving the non-competition period.
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