HB3066 Summary

• Replaces the "low-wage employee" restriction with earnings thresholds: non-compete agreements are unenforceable unless employee earns at least $75,000 annually (increasing to $80,000 in 2027, $85,000 in 2032, and $90,000 in 2037).

• Non-solicit agreements are unenforceable unless employee earns at least $45,000 annually (increasing to $47,500 in 2027, $50,000 in 2032, and $52,500 in 2037).

• Non-compete agreements are void and unenforceable for employees terminated or furloughed due to COVID-19 or similar circumstances unless the employer provides compensation equal to base salary for the restriction period minus any wages earned elsewhere.

• Requires employers to provide written notice advising employees to consult an attorney and provide a copy of the covenant at least 14 calendar days before employment begins or before signing.

• Allows employees who prevail against enforcement actions to recover all costs and reasonable attorney's fees from employers, and permits courts to reform (rather than void) agreements in limited circumstances.