c**********e
发帖数: 2007 | 1 "For one (1) year after any termination of employment, Employee shall not
become employed by an business enterprise which engages in any business
that competes with the business of the Company."
The firm does asset management. Does it mean that I can not work for
any of asset management firm, such as mutual fund, and hedge fund,
and even any IB, because all IBs engages in asset management? | c**********e
发帖数: 2007 | 2 So many people read, nobody answer? | r*******m
发帖数: 109 | 3 This is too general I think. It should give a time frame at least. And why
would Asset Management firm need a non-compete?
【在 c**********e 的大作中提到】
: "For one (1) year after any termination of employment, Employee shall not
: become employed by an business enterprise which engages in any business
: that competes with the business of the Company."
: The firm does asset management. Does it mean that I can not work for
: any of asset management firm, such as mutual fund, and hedge fund,
: and even any IB, because all IBs engages in asset management?
| c**********e
发帖数: 2007 | 4 The time frame is 1 year, my bad not to include the word 'year'.
I asked the HR. The response is that they want to protection
from defection to immediate competitor. So the concern on my
part may be not much.
【在 r*******m 的大作中提到】
: This is too general I think. It should give a time frame at least. And why
: would Asset Management firm need a non-compete?
| t*****a
发帖数: 90 | 5 its illegal for them to do that without paying you... | h***z
发帖数: 233 | 6 Lots of firms have strong languages in their non-compete agreements but it
is rarely enforced, especially for junior employees.
【在 c**********e 的大作中提到】
: "For one (1) year after any termination of employment, Employee shall not
: become employed by an business enterprise which engages in any business
: that competes with the business of the Company."
: The firm does asset management. Does it mean that I can not work for
: any of asset management firm, such as mutual fund, and hedge fund,
: and even any IB, because all IBs engages in asset management?
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