MTA, Inc. v. Merrill Lynch, Pierce, Fenner & Smith, Inc.

STUART, Justice.

MTA, Inc., appeals the order of the Madison Circuit Court holding that MTA’s claims against Merrill Lynch, Pierce, Fen-ner & Smith, Inc., a division of Bank of Ameriea Corporation (“Merrill Lynch”), were subject to an arbitration agreement and compelling MTA to arbitrate those claims. We reverse and remand.

I

On January 21, 1994, MTA entered into a deferred-compensation agreement (“the DCA”) with its employee, Yvonne Sanders. Pursuant to the terms of the DCA, MTA was obligated to pay Yvonne $270,000 in 120 equal monthly installments beginning the month following her 50th…