Leaving Merrill Lynch
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I joined merrill lynch in January '08. I received 150k cash, 50k stock signing bonus. I now wish to leave ML, do i have a non-compete? how much will i have to pay back?
If they ask for the money, just tell them that as a dutiful taxpayer you have more than adequately repaid them.
[quote=juiceb]I joined merrill lynch in January '08. I received 150k cash, 50k stock signing bonus. I now wish to leave ML, do i have a non-compete? how much will i have to pay back?[/quote]
Read your contract, Einstein.
Read the fine print in the contract. Technically you are now an employee of Bank of America so any non-compete you signed with Merrill could be void.
You will owe back what you got for coming and you may have a non-compete for your clients. merrill is great at screwing its advisors like that.
[quote=Bank of Amerrill]Read the fine print in the contract. Technically you are now an employee of Bank of America so any non-compete you signed with Merrill could be void. [/quote]
Highly unlikely that Merrill would put a producer on a contract that was not assignable…
Read the fine print in the contract. Technically you are now an employee of Bank of America so any non-compete you signed with Merrill could be void.
my contract stated that any change in ownership would transfer my contract to the new company.
Get a lawyer. There are a number that follow these boards, but you can PM me if you want a referral.
If you are leaving the business you dont need a lawyer. If you are leaving and have no money there is nothing they can or will do.Get a lawyer. There are a number that follow these boards, but you can PM me if you want a referral.