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Profits-interest payouts will eventually cap out, so consider throwing in a non-compete clause or non-solicitation agreement for good measure.
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Here, it was undisputed that Wilder signed an Employee Agreement with Fidelity that contained legally binding non-solicitation as well as confidentiality clauses.
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This can be done by incorporating specific language regarding these duties and the ownership of social media accounts and contacts into offer letters, job descriptions, confidentiality agreements, separation agreements, and non-competition or non-solicitation agreements.
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In this arbitration, for example, the FINRA Arbitration Decision fails to satisfactorily inform us as to whether Respondent Sillman had a written, executed employment agreement with Claimant Merrill Lynch, and further fails to clarify whether he was subject to a non-solicitation clause.
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