MARSH USA INC. v. COOK

No. 09-0558.

MARSH USA INC. AND MARSH & McLENNAN COMPANIES, INC., Petitioners, v. REX COOK, Respondent.

Supreme Court of Texas.

Opinion delivered: June 24, 2011.


DALE WAINWRIGHT, Justice.

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 (Act), the consideration for the noncompete agreement ...

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