A: A teacher is eligible to receive a retention bonus after successfully completing four years of service in the participating district or charter school. An example retention bonus agreement to retain an employee during a merger or acquisition.Probationary employees may become eligible, provided they successfully. General Requirements: 1. This retention bonus is taxable, and all applicable payroll taxes will be withheld. The determination must be made on a case-by-case basis depending on the specific circumstances. Reenlistment bonus (SRB) for Service Members in the Minnesota National Guard. For example, employers can't claim the ERC on wages that were reported as payroll costs for Paycheck Protection Program loan forgiveness. Be sure to include the Offline Payment template information (See Figure. Incentive Bonus Case File Cover Sheet (ANG).