Yep. If you don't want me to work, you can keep me at my current standard of living plus a penalty for the 18 month resume gap and potentially rusty skills.

If it's not worth that much to you, I probably don't possess enough super secret special sauce stuff for you to need a non-compete anyways.

Well, you are supposed to get it every month until the clause expires, which can be a long time after you stopped working for them. I've only seen it happen to C-level guys of big companies.