Search for: "Bona Fide"
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6 May 2024, 10:00 pm
An exception applies for non-competes entered into pursuant to a bona fide sale of a business entity, the assets of a business, or a person’s interest in a business entity. [read post]
3 May 2024, 8:10 am
The rule does not apply to non-compete clauses arising from the “bona fide” sale of a business entity, a person’s ownership interest in a business entity, or all or substantially all of a business entity’s operating assets.While bona fide sale is not fully defined by the rule, the FTC is clear that attempts to circumvent the ban through “sham transactions,” will be closely scrutinized, particularly those lacking negotiation… [read post]
2 May 2024, 9:20 am
PREVIOUS COVERAGE: “While it is indisputable that two bona fide child sexual abusers worked on Nickelodeon shows, it is likewise indisputable that Schneider had no knowledge of their abuse, was not complicit in the abuse, condemned the abuse once it was discovered and, critically, was not a child sexual abuser himself,” the lawsuit states. [read post]
30 Apr 2024, 3:02 pm
The Final Rule also carves out noncompetes entered in connection with the bona fide sale of a business or a person’s ownership interest in a business entity. [read post]
30 Apr 2024, 2:51 pm
Employers salaried workers earning less than $58,656 should begin preparing to reclassify those workers to comply with a final rule that will twice raise the salary thresholds required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements between July 1, 2024 and January 1, 2025. [read post]
30 Apr 2024, 2:34 pm
The Final Rule also carves out noncompetes entered in connection with the bona fide sale of a business or a person’s ownership interest in a business entity. [read post]
30 Apr 2024, 2:09 pm
” The final rule also expressly acknowledges that some noncompetes are not covered, stating: “The final rule does not apply to noncompetes entered into by a person pursuant to a bona fide sale of a business entity. . . . [read post]
30 Apr 2024, 9:07 am
The FLSA Exemptions for Executive, Administrative, and Professional Employees Employees are exempt from the FLSA minimum wage and overtime protections if they are employed in a bona fide executive, administrative, or professional capacity, as those terms are defined in the DOL regulations at 29 CFR Part 541. [read post]
30 Apr 2024, 6:08 am
Pecker agreed later in his testimony that McDougal’s story amounted to nothing less than “Enquirer gold,” combining Trump, sex, infidelity, and a bona fide political scoop — and just before a presidential election. [read post]
29 Apr 2024, 8:41 am
Beginning January 1, 2025, the final rule increases the salary threshold for FLSA’s bona fide executive, administrative, and professional employees to $1,128 per week ($58,656 per year). [read post]
29 Apr 2024, 7:26 am
Exceptions to the rule include the following: – Non-compete agreements signed by senior executives before the rule’s effective date; – Agreements that are part of a “bona fide sale of a business entity”; – Agreements that are subject to an ongoing cause of action on the effective date; and – Enforcement of an agreement when “a person has a good-faith basis to believe that [the rule] is inapplicable. [read post]
26 Apr 2024, 10:28 pm
Momofuku likely would have applied sooner for federal trademark protection but was limited because federal registration requires the mark to have been used (or have a bona fide intention to use) in commerce. [read post]
26 Apr 2024, 2:16 pm
The final rule does not apply to a non-compete clause that is entered into by a person pursuant to a bona fide sale of a business entity, of the person’s ownership interest in a business entity, or of all or substantially all of a business entity’s operating assets. [read post]
26 Apr 2024, 7:49 am
” The rule provides an exception that permits a non-compete agreement for a seller in a bona fide sale of a business entity, so long as the sale involves the “person’s ownership interest” in the business entity, or “of all or substantially all of a business entity’s operating assets. [read post]
25 Apr 2024, 9:58 pm
On January 19, 2024, the USCIS issued a Request for Evidence and asked our client to submit more bona fide marital evidence. [read post]
25 Apr 2024, 11:02 am
The Final Rule also carves out noncompetes entered in connection with the bona fide sale of a business or a person’s ownership interest in a business entity, eliminating the 25% ownership threshold from the proposed rule. [read post]
25 Apr 2024, 6:52 am
That’s likely a helpful change, even if the FTC’s insistence that the sale be a “bona fide” sale is not entirely clear, and even if the commission expressly declines to recognize that such NCAs are not anticompetitive. [read post]
25 Apr 2024, 4:30 am
Employees are exempt from the Fair Labor Standards Act’s minimum wage and overtime protections if employed in a bona fide executive, administrative, or professional (EAP) capacity. [read post]
24 Apr 2024, 10:02 pm
” While not addressed in the fact sheet, the final rule contains an exception (expanded from the rule’s proposed form) for non-competes entered into in connection with a bona fide sale of a business entity. [read post]
24 Apr 2024, 9:01 pm
” This bona fide sale exemption, which is broader than in the FTC’s initial proposed rule, will allow transacting parties to continue to use non-compete agreements in the sale of a business, which is often a key aspect of a sale transaction. [read post]
