employee stock options

New Year Baby.jpgBusiness owners had a lot to cry about when it came to 2012 Michigan court decisions addressing noncompete agreements.

But, as discussed below, a lot of this frustration arose out of poorly drafted noncompete agreements and failing to fully evaluate the relevant circumstances involving changing employment relationships before reducing those changes to written employment agreements. 

GoldFish-Transition.jpgCompanies routinely require employees to sign noncompete agreements. But what happens to these employee noncompete agreements if your company offers that same employee stock options or other opportunities to acquire an ownership interest in the company? 

As explained below, when an individual transitions from employee to owner or plays the dual role of employee/owner, companies