Plain English Breakdown
The official summary and text do not provide details on enforcement mechanisms or penalties for violating the prohibition on noncompete agreements.
Indiana Bill to Limit Noncompete Agreements
This bill prohibits employers and employees in Indiana from making noncompete agreements if the employee earns less than $150,000 a year.
What This Bill Does
- Prohibits an employer and an employee from entering into a noncompete agreement if the employee's annual compensation is less than $150,000.
Who It Names or Affects
- Employers and employees in Indiana
- Workers earning less than $150,000 per year
Terms To Know
- noncompete agreement
- A contract that stops someone from working for a competitor after leaving their job.
Limits and Unknowns
- The bill does not specify what happens if an employer and employee try to enter into such agreements anyway.
- It is unclear how this law will be enforced or what penalties might apply.