Former Microsoft executive Steven Sinofsky has finalized his leaving agreement with the software giant this week. In an SEC filing published on Wednesday, Microsoft notes that the ex Windows chief is being rewarded with 418,361 shares ($14.2 million at current stock price). The "Retirement Agreement" also reveals that Microsoft is enforcing a non-compete agreement that will prevent Sinofsky from "accepting employment at certain competitors or encouraging certain customers of Microsoft to choose a competing offering to Microsoft products."
That's a fairly standard agreement for executive level employees, but big companies often relax non-compete agreements if the result of a worker leaving is beneficial to an existing or future...
via The Verge - All Posts http://www.theverge.com/2013/7/3/4491560/steven-sinofsky-microsoft-retirement-agreement-deal-shares-nda
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