Marsh USA Inc. v. Cook
Texas Supreme Court
1Opinion of the Court · WainwrightJustice Wainwright
in which Justice HECHT, Justice MEDINA, Justice JOHNSON, and Justice GUZMAN joined.
We deny Rex Cook’s motion for rehearing. We withdraw our opinion of June 24, 2011 and substitute the following in its place.
In this case, we decide whether a covenant not to compete signed by a valued employee in consideration for stock options, designed to give the employee a greater stake in the company’s performance, is unenforceable as a matter of law because the stock options did not give rise to an interest in restraining competition. We hold that, under the terms of the Covenants Not to Compete Act…
Also in this document: Opinion of the Court · Willett.
2Cases cited51 opinions
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- Arizona v. GantSupreme Court of the United States · 2009
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- DeSantis v. Wackenhut Corp.Texas Supreme Court · 1990
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