About 6 months ago I joined an insurance brokerage firm whose home office is in CA but the office which hired me is in TX. I am considered to be an employee of the TX office but work remotely from my home in FL. When joining the company I was required to

Not sure how much bearing this has on my situation but I have worked in the insurance industry for almost 40 years. Prior to joining my current company I had been employed at a similar company in TX for more than 20 years. It is not uncommon in TX for insurance related companies to require their employees to sign non-compete contracts, but this one is extremely restrictive in that it is for 2 years, requires that if I am terminated (not voluntarily) that any monies taken on a draw basis (which is how all our producers are paid) must be offset by corresponding earned commissions; if the commissions don't offset the monies drawn basically the employee can be required to repay the full difference within 30 days of being terminated. Which when switching jobs it generally takes a year or two before you become "profitable". So if for example I were to be terminated within the next few months I most likely would not have the commissions to offset my draw. When hired my then and current boss recognized this fact and was more concerned about the future than the immediate time accordingly he accepted this fact and anticipated me down the road being profitable.

0 answers  |  asked Nov 30, 2017 2:08 PM [EST]  |  applies to Texas

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