NY non-compete ban still receiving pushback as Governor waits to sign off -

While NY Governor Kathy Hochul waits to sign off on one of the country’s toughest bans on non-compete agreements, many lobby groups from the financial industry and other business associations are pushing the government to include some exceptions. Opponents take issue with the fact that the bill includes no exceptions whatsoever and note that four states, CA, MN, ND and OK, prohibit virtually all employee noncompete agreements but still allow for narrow exceptions in cases where there is an ownership stake involved when a business is sold. Employment lawyers also note that there exist a number of vagaries in the current language, including whether it can be applied to terms within non-solicitation or non-disclosure agreements or to deferred compensation, which often makes up a substantial proportion of finance workers’ pay.