I will buy a bottle of champagne for the first time this gets enforced. Hopefully it isn't vinegar by the time I crack it :p

I don't see prison time actually being handed out much for this. Any big corporation that does this will also have insulated themselves from liability. Best case scenario, they nominate some fall guy and the execs get off scot-free.

Most non-competes are unenforceable for ordinary employees. Essentially if it would deprive you of your livelihood, it’s a no-go. But please check with an employment lawyer.

The article explains that this only applies to reciprocal agreements between two or more employers.

This means if it’s just your employer asking it if you, the provision wouldn’t apply. However, if the employers in your industry collude to all require similar non-competes, it sounds like that would come under the provision.