Stock Options Now Valid Consideration for Noncompete Agreements in TexasJoseph M. Beauchamp,Brian M. Jorgensen,Matthew W. Ray,Mark D. Temple, August 1, 2011
On June 24, 2011, the Texas Supreme Court in Marsh USA, Inc. v. Cook further restricted the ability of employees seeking to dodge noncompete restrictions in agreements with their employers by allowing stock options to serve as the consideration supporting the agreement. No. 09-0558, 2011 WL...