Re:OpenAI requires NDA for employees to keep equity
by crooked-v on Saturday May 18, 2024 @12:36AM
(#40396471)
Agreements with surprise terms that only get detailed later tend not to be very legal.
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Re:OpenAI requires NDA for employees to keep equity
by riehwvfbk on Saturday May 18, 2024 @02:06AM
(#40396783)
Doesn't even have to be a surprise. Pretty much startup employment agreement in existence gives the company ("at the board's sole discretion") the right to repurchase your shares upon termination of employment. OpenAI's PPUs are worth $0 until they become profitable. Guess which right they'll choose to exercise if you don't sign the NDA?
Re:OpenAI requires NDA for employees to keep equity
by lucianbr on Saturday May 18, 2024 @04:03AM
(#40397248)
Who would accept shares as valuable if the contract said they can be repurchased from you at a price of 0$? This can't be it.
Re:OpenAI requires NDA for employees to keep equity
by actionfromafar on Saturday May 18, 2024 @04:12AM
(#40397275)
It can. There are many ways to make the number go to zero.
Re:OpenAI requires NDA for employees to keep equity
by riehwvfbk on Saturday May 18, 2024 @08:05PM
(#40403099)
You are thinking of going up against an entity worth billions of dollars and somehow winning? That doesn't happen outside of movies. You'll accept whatever they decide, or end up like those Boeing whistleblowers if you make yourself enough of a nuisance.
Re:OpenAI requires NDA for employees to keep equity
by jbellis on Saturday May 18, 2024 @07:01AM
(#40397956)
I don't think rght to repurchase is routine. It was a scandal a few years ago when it turned out that Skype did that. https://www.forbes.com/sites/dianahembree/2018/01/10/startup...
Re:OpenAI requires NDA for employees to keep equity
by mvdtnz on Saturday May 18, 2024 @12:43AM
(#40396497)
How do you know there isn't a very clear term in the employment agreement stating that upon termination you'll be asked to sign an NDA on these terms?
Re:OpenAI requires NDA for employees to keep equity
by klyrs on Saturday May 18, 2024 @01:34AM
(#40396653)
One particularly sus term in my employment agreement is that I adhere to all corporate policies. Guess how many of those there are, how often they're updated, and if I've ever read them!
Re:OpenAI requires NDA for employees to keep equity
by pests on Saturday May 18, 2024 @01:31AM
(#40396646)
Why not just get it signed then? Your signing to agree to sign later?
Re:OpenAI requires NDA for employees to keep equity
by romwell on Saturday May 18, 2024 @01:08AM
(#40396572)
Unless the terms of the NDA are provided upfront, that sounds sketch AF.
"I agree to follow unspecified terms in perpetuity, or return the pay I already earned" doesn't vibe with labor laws.
And if those NDA terms were already in the contract, there would be no need to sign them upon exit.
Re:OpenAI requires NDA for employees to keep equity
by mvdtnz on Saturday May 18, 2024 @01:29AM
(#40396638)
> And if those NDA terms were already in the contract, there would be no need to sign them upon exit.
If the NDA terms were agreed in an employment contract they would no longer be valid upon termination of that contract.