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Retention agreements are contracts that employers use to help convince employees to remain employed. They often include monetary benefits and incentives to keep employees from leaving their employer for a different job. Retention agreements may include: The payment of a bonus. Stock.
What is a Retention Agreement? Retention agreements are contracts that employers use to help convince employees to remain employed. They often include monetary benefits and incentives to keep employees from leaving their employer for a different job.
Retention Letter means a document held to maintain net economic interest significantly, updated by various [parties] from time to time.
A retention bonus letter is a document that is sent out to employees after or right before a merger or acquisition takes place that offers key employees a retention bonus if they stick around at the organization for certain period of time.
Reimbursement Agreement: Should a retention bonus be paid in periodic installment, an agreement may require the employee to repay or reimburse the company for previously received retention bonuses should the employee leave prior to the final payment.
An employee retention agreement is a contract between an employer and an employer for the purposes of enticing the employee to continue working for the company.