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The employer states an employee must ensure that external jobs do not negatively impact on their effectiveness with my employer. Employees must advise their immediate supervisor of all external work, including self employment, during off-duty hours, vacation periods or while on leaves of absence, to ensure compliance with my employers policy. Do I have a legal obligation to release to my employer all work information, after hours, on my own time and on weekends and during vacation periods to ensure compliance with their policy ? How do you interpret this ? What is your advice ?
You only have such a legal obligation if you signed an agreement which requires you to disclose this information. That said, the company can certainly terminate your employment if they want to. That would be a termination without cause, which means you get severance, but nothing can be done to actually prevent them from letting you go.