Contract Agreement

[JimmehBone]

Monday I meet with the NYL training staff, and have a follow up appointment for the compensation contract on thursday. What should I expect from this contract? I have a feeling its going to be some crazy 30 page packet. Do I have any right to request a change to it? And is there a non-compete usually included in these contracts? i would hate to either be fired or quit to move on in a few years and find out i cant.

 

[Josh]

If you leave NYL, you'll be able to go do other things.

You can request changes, they'll likely just say "take it or leave it".

 

[Norwayguy]

You can move on your clients belong to NYL.

 

[JimmehBone]

Thanks. I like how i have "expert" under my name now

 

[newbie2010]

Monday I meet with the NYL training staff, and have a follow up appointment for the compensation contract on thursday. What should I expect from this contract? I have a feeling its going to be some crazy 30 page packet. Do I have any right to request a change to it? And is there a non-compete usually included in these contracts? i would hate to either be fired or quit to move on in a few years and find out i cant.

Yes there is a non-compete and you won't be able to make changes to the contract. There is also a non-compete. I was with NYL for a year and a half. The training is very good but I found the environment very stressful. Good luck to you

 

[JimmehBone]

Yes there is a non-compete and you won't be able to make changes to the contract. There is also a non-compete. I was with NYL for a year and a half. The training is very good but I found the environment very stressful. Good luck to you

Thank you, should be starting soon. What was included in the non-compete? was it a "don't take the clients you signed up" kinda thing or "cant work for another company in the area"? This branch has a bunch of agents who been working for NYL over 20 years. Everyone seems laid back and friendly. I don't mind some pressure. Hopefully they went be to stressful.

 

[Josh]

If it's "don't take clients you signed up" it's likely enforceable (however unlikely they would be to pursue it), if it's "can't work for another company in the area" then you can probably ignore it because it's too broad reaching and they would be extremely unlikely to pursue it, especially to just be told no.

 

[JimmehBone]

good to know, thanks josh.