SHRM Taps Regional Managing Partner in Denver to Discuss Colorado’s Restrictive Covenant Legislation
News
5.17.22
In an interview with SHRM, Mike Greco offers his insights on Colorado’s restrictive covenant legislation, which was passed by state lawmakers on May 10, 2022. The new law limits employers’ use of non-compete agreements to employees making more than $101,250 per year. Mike explains that employers will be subject to significant damages for noncompliance, including a $5,000 penalty per employee "if they enter into, attempt to enforce, or present to current or prospective workers any non-compound that is void under the new statute."
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