Your Non-Compete Agreements may not comply with NEW Illinois Law: Learn What You Will Need to Change.
Over Memorial Day weekend, the Illinois Legislature unanimously passed a bill comprehensively reforming the law governing non-compete and non-solicitation agreements in the state. The Governor has signed the bill into law, which will apply to all such agreements signed on or after January 1, 2022, with the result that every employer with Illinois employees must revise their form restrictive covenants before January 1, 2022, to ensure compliance with the law’s requirements.
The highlights of the new law include:
- Increased wage threshold
- Wage threshold for non-solicitation restrictions
- Due process protections
- Clarification of (some) ambiguities in the case law
- Consideration alternatives
- Carve-outs
Plan to join Peter Steinmeyer and Brian Spang with Epstein Becker & Green P.C. to guide you through the details and arm you with the knowledge required to ensure your company’s agreements will pass muster in 2022 and beyond.
Register Today!
Please visit ilchamber.org/events or contact Kirsten Constant at kconstant@ilchamber.org and (217) 552-5512 ext. 227.
Fees:
Member Rate: $145.00
Non-Member Rate: $175.00
Save $25 when you register before September 18, 2021!
Continuing Education Offered:
- 1.50 HRCI for approval
- 1.50 SHRM for approval
- 1.50 CLE per attendee request prior to event
- 1.50 HR Compliance Credits
Disclaimer: The opinions expressed in this presentation are solely those of the presenter and do not necessarily represent the official policy or position of the Illinois CHamber of commerce.