Employers have had many questions about the new federal Overtime and Non-Compete Clause Rules whose effective dates are looming. Legal challenges may slow or stop the Rules from becoming effective. Overtime — A lawsuit was filed challenging the new federal Overtime Rule that is otherwise scheduled to be effective July…
On May 7, 2024, the Federal Trade Commission’s (FTC’s) Non-Compete Clause Rule was published in the Federal Register. It will become effective in 120 days, September 4, 2024, unless court or agency action delays or stops it. As noted in our April 29, 2024 blog post, lawsuits were promptly filed…
On April 23, 2024, the Federal Trade Commission (FTC) adopted a final rule, the “Non-Compete Clause Rule,” that bars non-compete provisions in restrictive covenant agreements. Under this rule, not only are not-compete provisions prohibited, but employers must provide notice to those currently under restrictive covenant agreements that the non-compete provision…
The new federal overtime rule, scheduled to take effect on July 1, 2024, increases the minimum salaries necessary to exempt executive, administrative, professional, and highly compensated employees from the Fair Labor Standard Act’s overtime pay requirements. Specifically, under the new final rule: On July 1, 2024, the minimum or “standard…