IBM demands $500,000 from boss after she jumps ship
IBM is taking the former head of its Thailand operation, Patama Chantaruck, to court to claw back $470,000 in benefits it believes she owes after going to work for a rival and – allegedly – breaking the terms of a non-compete clause.
Chantaruck went to work for Big Blue in October 2018, joining as country general manager of Thailand and veep of Indo China Expansion. IBM said in its[PDF], filed in a New York federal court, that she had"only a few peers of similar ranking in the Asia Pacific region." On joining IBM, Chantaruck entered into a binding Long-Term Performance Plan in which she received equity awards in return for agreeing to"safeguard IBM's Confidential Information and not engage in certain proscribed competitive conduct within specific time periods," according to Big Blue in its lawsuit.
As part of this contractual policy, IBM was allowed to"cancel and rescind" any awards if it found Chantaruck was involved in"detrimental activity." This was defined in the LTPP as including"accepting employment with competitors within restricted time periods" – which the complaint refers to as"rescission periods," according to the IT giant.
The exec resigned from IBM Thailand effective February 28, 2022. From April 11, 2022 – which was"within the rescission periods" – she had moved to a"highly similar" role at Accenture, IBM complained.
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