OpenAI Releases Former Employees From Controversial Exit Agreements

OpenAI has reversed its decision requiring former employees to sign a perpetual non-disparagement agreement to retain their vested equity, stating that they will not cancel any vested units and will remove non-disparagement clauses from departure documents. CNBC reports: The internal memo, which was viewed by CNBC, was sent to former employees and shared with current ones. The memo, addressed to each former employee, said that at the time of the person's departure from OpenAI, "you may have been informed that you were required to execute a general release agreement that included a non-disparagement provision in order to retain the Vested Units [of equity]." "Regardless of whether you executed the Agreement, we write to notify you that OpenAI has not canceled, and will not cancel, any Vested Units," stated the memo, which was viewed by CNBC. The memo said OpenAI will also not enforce any other non-disparagement or non-solicitation contract items that the employee may have signed. "As we shared with employees, we are making important updates to our departure process," an OpenAI spokesperson told CNBC in a statement. "We have not and never will take away vested equity, even when people didn't sign the departure documents. We'll remove non-disparagement clauses from our standard departure paperwork, and we'll release former employees from existing non-disparagement obligations unless the non-disparagement provision was mutual," said the statement, adding that former employees would be informed of this as well. "We're incredibly sorry that we're only changing this language now; it doesn't reflect our values or the company we want to be," the OpenAI spokesperson added.

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