Tech IndustryNov 11, 2022
Anaplanksjduue

TB Profit Interest Unit agreement - fine details

TB profit Interest unit share agreement includes-- A. Everything under the sun is confidential including Anaplan policies, operational methods, target markets, potential customers, technique for running business etc etc. Very vague. Anyone faced silly & arbitrary lawsuits from PE firms based on such terms? B. All "work product" developed by employee is owned by TB. Includes idea, innovation developed outside Anaplan working hours and not related to Anaplan business. Valid in California? Anyone faced this? C. Not working for competitor For 2 years after leaving Anaplan. Competition vaguely defined - any startup in any planning space is a competitor. That's nuts. Valid in California? D. Can't hire, refer any Anaplan employee to join me in another company for effectively 3 years. Don't think enforceable in CA. E. Not make any negative statement about TB or Anaplan or any TB affiliates for ever. This means not posting anything on Glassdoor?

Amtrak sspq56 Nov 11, 2022

Not enforceable at all, just a scare tactics to scare way timid minds.