No, your employer also demands that you be "available" to stay on call, for no additional pay, for up to two years after you leave the company. Sounds far fetched, right?
Well, reality is always stranger than fiction, as they say: Roughly 100 IT employees at SunTrust Bank in Atlanta are reportedly in the process of transferring their IT knowledge to their foreign replacements, with the additional caveat in their severance agreement that they stick around for a few years in case the company, you know, still needs their knowledge and expertise.
Is this for real? Is this a new "consulting" trend? I sure hope not, because it's an absolutely despicable employment practice. Is this a new job category called "outtern," as in, it's sort of like an unpaid internship, only you've been fired?
And how is it even legally, and practically, enforceable?
I will be very interested to see how this one plays out.*** In the meantime, if you're in the process of being laid off, then remember that it could be worse.
*** Update: The "agreement" is no longer in effect, apparently. That's good.