Does the company ever ask for you to sign an NDA upon quitting or termination? How about for the guys who've worked in the grttier ops around the world? I mean if I was LAW I would totally have me sign an NDA......
16 replies (most recent on top)
If you are in the upstream and working asset sales you will be asked to sign an NDA. Ten years ago we didn't but for some reason they stated it in 2018 and have continued to require NDAs for everyone involved with sales work. Does continue when quit or retire.
@2nyc You shouldn’t sign one of those either.
“Y’all”….really?
OP here. I think most of yall are referring to non-compete agreements. I'm talking about non-disclosure agreements to keep my mouth shut about all the f'd up cr-p I've seen.
@1cfv+1e02Gp13
According to the decision linked below, the said VP did not win. He lost with the jury, won at the appeals level, but finally lost with the Texas Supreme Court.
If Pip’d, you are presented with a multi-page form full of legal ease that includes you won’t apply there again, you hold them harmless, etc. etc. this is the only way to get the 2-3 month pay they offer. It’s a trade off - and I did not take it. My life, my decisions. Keep that measly money.
1cfv+1e02Gp13
Did you actually read my post or the foam from your mouth got into your eyes ?
@mfm. So Sorry for your stupity. Do full research and read the real and actual full legal news. The said vp won on appeal. Don’t post stuff that you don’t really know j#ck s&$t about. You probably must just read and watch to much cnn and are way too stupid to fully research the actual facts. Said vp ultimately won his suits. Your propagating fake news is so sad and you should be ashamed of either your stupidity, or arrogance that you would think that no one would call you out. Or both.
@OP Never sign anything that any soon-to-be former employer gives you to sign on the way out the door.
If you feel that you must sign (for whatever reason), hire an attorney/paralegal and review the terms and conditions with them. Even then you should think carefully before signing anything.
wkr+1e02Gp13
You’re missing the point. EM gives RSUs, not cold cash, so they can take it away from you if you do something they dislike, even if they have to take you to court over it.
But obviously, not everybody receives RSUs. If you’re just a regular worker, change jobs and EM thinks you’ve breached your NDA they can’t take the RSUs that they NEVER gave you. They would have to take you to court over the breach, prove it and make you pay whatever damages they ask for. What I’m saying is that the latter is very different and much more difficult than taking away RSUs. Got it this time?
@mfm+1e02Gp13 Actually the VP of Exploration that left (in 2007)...LOST his Restricted stock in the lawsuit that XOM filed after he left. He lost millions
No legal expert here, but I would think that taking away RSUs is a different kind of game than being sued and loosing for NDA breach.
@mfm+1e02Gp13
This guy? They took away his RSUs.
https://caselaw.findlaw.com/tx-supreme-court/1676873.html
NDAs are very difficult to enforce, simply because the new employer has no obligation to disclose exactly what are you going to be working on. Of course, there’s the obvious case where a couple of months after changing jobs you present at a conference work on exactly the same topic as in the previous job, which would amount to a voluntary and not very intelligent disclosure.
A decade ago, in exploration there was a VP who retired “to spend time with his grandchildren” but requested detailed presentations from technical workers on a certain area of the world just before leaving, only to pop up the next month as VP for the very same area in a different company. The bosses at EM were very angry and there was talk of suing him, but it never happened, probably because it would have been impossible to prove in court that he’s going to work on exactly the same things - the only thing that they had was his new job title, too vague to serve as definitive proof.
It is your choice to do this. When I left my last company to come to exxon I signed a NDA. The NDA said that I would not work on things specific to my research at the other company. Since it was downstream catalytic work it did not matter to me because I was coming to upstream. The NDA can be a problem if you are going to work on the same type of work at another company. If you have experience and the new company wants you to work on similar work you will be forbade to to work on it at the new company. It was a courtesy to sign the NDA for me and I did but you don't have to. my NDA was for two years and some can be longer or shorter. I was working on different types of research so it did not matter to me or exxon. Why should you sign anyway you will want to use your experience and expertise to work for another company. So don't sign any NDA.
Why would you sign anything upon leaving?
No. But do have to sign a form stating that can’t apply at XOM again when PiP’d