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<blockquote data-quote="Ricochet1a" data-source="post: 1101463" data-attributes="member: 22880"><p>They do. The buyout contract is almost 100 pages long, and includes MANY clauses which the bought out employee must comply with - or lose the sum they were given. </p><p></p><p>Among those clauses: is a requirement not to disclose company confidential information which they had access to, not to discuss ANY aspect of company planning, goals or operations and a host of other restrictions which if violated, would result in the forfeiture of the buyout amount by the former employee (under force of law, since it is under a signed contract). </p><p></p><p>A few of the people who I still talk with in Memphis have cut me off from any discussion of information, due solely to this - they don't want to potentially lose what they've waited so long for (a somewhat tarnished golden parachute). </p><p></p><p>They (the salaried Memphoids) gave up a long time ago in hoping that the wage employees would organize, get the DBPP back, then be able to get Express to give them (the salaried employees) the DBPP back. They are looking to jump ship or should that fail (not offered a buyout) to get the hell out as soon as they can.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1101463, member: 22880"] They do. The buyout contract is almost 100 pages long, and includes MANY clauses which the bought out employee must comply with - or lose the sum they were given. Among those clauses: is a requirement not to disclose company confidential information which they had access to, not to discuss ANY aspect of company planning, goals or operations and a host of other restrictions which if violated, would result in the forfeiture of the buyout amount by the former employee (under force of law, since it is under a signed contract). A few of the people who I still talk with in Memphis have cut me off from any discussion of information, due solely to this - they don't want to potentially lose what they've waited so long for (a somewhat tarnished golden parachute). They (the salaried Memphoids) gave up a long time ago in hoping that the wage employees would organize, get the DBPP back, then be able to get Express to give them (the salaried employees) the DBPP back. They are looking to jump ship or should that fail (not offered a buyout) to get the hell out as soon as they can. [/QUOTE]
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