| Topic Name: |
Financial Advisor Comp |
| Message Name: |
Don't sign |
| Date Posted: |
02/08/2006 |
| In Reply To: |
You don't have to sign the documents. ML will try and make you sign, but you can avoid the process until it becomes clear that you won't be signing. Just keep putting it off. If you do sign, the deal is that you agree to pay about $40k, in the event you leave within 2 years, to cover your training, compensation, etc... Provided you write some business and acquire a few HNW clients, you'll cover the $40k and will not be held liable should you decide to leave. |
| Message: |
Like most employment contracts, if you delay or declining signing the contract, you don't get the job. The employer like ML has the upper hand and will give the job to someone who will. For any one position, there are hundreds if not thousands like you and myself who qualify to do the job, except that you have some special skills that no one out there has, which in my case I doubt it.
I just want to know how aggressive ML will pursue its ex-employee through legal action.
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