Earlier quoted context omitted.
My former employer, a Fortune 500 company, wouldn't let me volunteer for a globally recognized charity because the boilerplate agreement the charity required volunteers sign, stated that IP created as a volunteer belonged to them, and my employer considered that everything within or outside work hours was theirs. Not that I was volunteering as a programmer anyway. My current employer doesn't have explicit rules that…
I was under the impression that this kind of interpretation of employment contracts was more or less illegal (or, at the very least, unenforceable) in many states (I'm assuming you're US, programming in Fortune 500, so maybe not applicable?). Sort of fits into the same kind vein as certain non-compete clauses, where companies put them in, but they'd be tossed out pretty quickly in court should things actually reach t…
Also, running side businesses was not allowed.
Of course, the normal thing to do was just ignore the rules, because most likely nobody would notice or care. I explicitly asked for permission because I wanted to see what would happen.