Indiana SB0132 restricts noncompete agreements for employees earning less than $150,000 annually.

Indiana SB0132 amends the Indiana Code to prohibit employers and employees from entering into noncompete agreements if the employee's annual compensation is less than $150,000. This restriction applies to various forms of remuneration, including hourly wages, salary, and commissions. The bill defines "employee" as someone employed under a contract of hire and "employer" as entities like sole proprietors, corporations, and state agencies. Any noncompete agreement in violation of this restriction is void and unenforceable. The act takes effect upon passage.

Indiana SB0132 restricts noncompete agreements for employees earning less than $150,000 annually.

Indiana SB0132 amends the Indiana Code to prohibit employers and employees from entering into noncompete agreements if the employee's annual compensation is less than $150,000. This restriction applies to various forms of remuneration, including hourly wages, salary, and commissions. The bill defines "employee" as someone employed under a contract of hire and "employer" as entities like sole proprietors, corporations, and state agencies. Any noncompete agreement in violation of this restriction is void and unenforceable. The act takes effect upon passage.