Release and Termination of Change in Control Letter Agreement between Employee and Merrill Lynch & Co., Inc.

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Summary

This agreement is between an individual and Merrill Lynch & Co., Inc. It terminates a prior change in control Letter Agreement, making it null and void. The individual agrees to release Merrill Lynch & Co., Inc. and its subsidiaries from all obligations under the previous agreement. The release is effective as of the date signed and is governed by New York law.

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EX-10.2 3 y46644exv10w2.htm EX-10.2: FORM OF RELEASE OF RIGHTS UNDER SEVERANCE AGREEMENTS EX-10.2  

Exhibit 10.2
RELEASE
          Reference is made to the change in control Letter Agreement dated                      between                     and Merrill Lynch & Co., Inc. (the “Letter Agreement”).
          1. For good and valuable consideration, the receipt of which is hereby acknowledged, you hereby agree with Merrill Lynch & Co., Inc., and its subsidiaries (the “Company”) that the Letter Agreement is hereby terminated and that it henceforth shall be null and void and have no further effect. You agree that the Company shall be released from any and all obligations arising under the Letter Agreement and that this release (the “Release”) shall constitute a full waiver by you of any such obligations arising thereunder.
          2. This Release shall be governed and construed in accordance with the laws of the State of New York, without reference to the principles of conflict of laws.
                                         
Date: February  , 2008