Wow,

Otis is at it again! We just separated from UTC/Otis a little over a year ago. We were one of their biggest acquisitions through time when they started buying up elevator companies here in NYC. It seemed that every owner was bought out was contracted to stay on for a minimum of a year or 2 depending on their negotiating for the sale of the company. This was done to make sure they keep and maintain the contracts that Otis bought. After that time they were free to go or stay on board. Some of these owners were let go since they now had sales quotas to meet or lost too many contracts after the sale of could be just not getting along with the local office. Some of the owners did walk away after their time was up very happy. One left, waited for the 5 year “No Compete” clause to expire and opened up a new company again.
If they want to get rid of you, they can easily find a way. A solid contract stating what they promised you is your best defense.

Good luck to ya and glad to hear your company is attractive enough to be bought.