EMPLOYMENT NONCOMPETE AGREEMNT House SponsorsRep. Thomas Morrison 1/8/2013HouseSession Sine Die New Act Creates the Employment Noncompete Agreement Act. Contains a finding that all employers have vested, protectable interests in their customers, clients, and identified prospects which are legitimately protectable through the use of noncompete agreements. Sets forth criteria for a valid noncompete agreement between an employer and an employee. Provides that a noncompete agreement may prohibit any solicitation of an employer's existing customers, clients, identified prospective customers, and other employees during the post-employment restriction period. Provides that the restriction period must have a reasonable relationship to an employee's position and salary at the time of termination and may not exceed specified maximum periods based on annualized compensation. Provides that no specific or additional consideration is required to be paid by an employer to an employee to enforce a noncompete agreement. Establishes remedies. 2/15/2012HouseFiled with the Clerk by Rep. Thomas Morrison 2/15/2012HouseFirst Reading 2/15/2012HouseReferred to Rules Committee 2/27/2012HouseAssigned to Judiciary I - Civil Law Committee 3/9/2012HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die