Non-Compete Ban & Minimum Salary Increase for Exempt Employees
Client Alert: Two Significant Legal Developments: A Ban on Non-Competes and an Increase to the Minimum Salary for Exempt Employees This week, the Federal Trade Commission (“FTC”) issued its final rule (consisting of 570 pages) banning most non-compete agreements. This new rule—originally proposed back in January 2023—broadly prohibits employers from imposing and enforcing non-compete agreements [...]