Re:John Carmack Leaves Meta
by astrange on Friday December 16, 2022 @09:04PM
(#34023548)
There is absolutely no such thing as a non-compete in California.
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He lives in Texas still
Re:John Carmack Leaves Meta
by schrodinger on Friday December 16, 2022 @10:00PM
(#34023964)
I really doubt Carmack would decide his life based on NDAs or non-competes.
Re:John Carmack Leaves Meta
by CamperBob2 on Friday December 16, 2022 @10:59PM
(#34024473)
There is when equity changes hands, which will have been the case with Carmack.
No. Everyone is given equity in Silicon Valley.
Re:John Carmack Leaves Meta
by CamperBob2 on Saturday December 17, 2022 @12:44AM
(#34025151)
See x3n0ph3n3's comment upthread.
There is for C-suite employees.
They are actually permissable in circumstances similar to John Carmack's:
> California employers can sidestep non-competes in the following instances:
> EXCEPTION 1: If the employee sells business goodwill
> EXCEPTION 2: If the owner sells his or her business interests
> EXCEPTION 3: If the owner sells all operating and goodwill assets
> Upon the business’ dissolution, a member of the company may agree to a non-compete if operating a similar business in the geographic area. Goodwill is the company’s name and brand reputation. Employees with stock options are not considered company owners for purposes of non-competition agreements.