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Restrictive Covenants in Stock Award Agreements: Important Lessons for Employees Who Receive Stock Awards
Winston & Strawn LLP Link to more items from this source
May 15, 2014
"The consideration of a stock award is not diminished or made illusory by the company's right to terminate the employee at any time for any reason after making the award, which would cause the employee to forfeit the award.... Just because one award agreement does not impose restrictive covenants does not mean that the next one will not ... [N]o matter how solid the former employee's promises not to disclose confidential information and how pure his/her intentions not to disclose confidential information, the former employee's knowledge of the former employer is so extensive that such disclosure would be inevitable." [Newell Rubbermaid Inc. v. Storm, No. 9398-VCN (Del. Ch. Mar. 27, 2014)]

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