House Commerce & Economic Development Committee hears broad support for limiting noncompete agreements in H.205
At a Jan. 28 hearing on H.205, health‑care, labor, banking and business representatives and a chiropractor urged narrower use of noncompete clauses, debated a $100,000 salary threshold and sought clearer definitions for 'executive' status, nonsolicitation notices and proration of stay‑or‑pay agreements.
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MONTPELIER — The Vermont House Commerce & Economic Development Committee on Wednesday heard several hours of testimony on H.205, a bill that would limit employers’ use of covenants not to compete. Witnesses from health‑care, labor and business groups expressed broad support for curbing noncompetes while disagreeing about how narrowly to define exemptions.
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