You can open the Retention Bonus Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Retention Bonus Agreement Template Printable | Editable FormSample
[Name of the Company]
[Company’s ID]
[Company’s Address]
[Company’s Phone]
[Company’s Email]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
This Retention Bonus Agreement (the “Agreement”) is made effective as of [Effective Date], between [Name of the Company] and [Name of the Employee]. The purpose of this Agreement is to establish the terms under which the Employee will be entitled to receive a retention bonus for continued employment with the Company.
The retention bonus is intended to incentivize the Employee to remain with the Company during a critical period that extends until [Retention Period End Date].
The Company agrees to pay the Employee a retention bonus of [Amount] which will be disbursed upon completion of the retention period.
The retention bonus will be paid within [Specify Time Frame] after the successful completion of the retention period, provided that the Employee remains employed with the Company through that date.
The retention bonus is contingent upon: [Specify conditions, e.g., performance metrics, attendance]. If the specified conditions are not met, the bonus may be forfeited.
The Employee agrees to keep the terms of this Agreement confidential and shall not disclose any details regarding the bonus to third parties without prior consent from the Company.
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
[Signature of the Company Representative]
[Name of the Company Representative]
[Title]
[Signature of the Employee]
[Name of the Employee]
[Name of the Company]
[Company’s ID]
[Company’s Address]
[Company’s Phone]
[Company’s Email]
[Name of the Employee]
[Employee’s ID]
[Employee’s Address]
This Agreement is intended to define the parameters of a retention bonus aimed at encouraging the Employee to remain in the service of the Company for a defined period, thus ensuring continuity in operations.
The term of this Agreement shall commence on [Start Date] and shall continue until [Retention Period End Date], unless terminated earlier in accordance with the terms herein.
In consideration for the Employee’s ongoing service, the Company will provide a retention bonus of [Amount] to be paid upon conclusion of the retention period.
The retention bonus will be disbursed within [Specify Time Frame] following the completion of the retention period, contingent upon the Employee’s unbroken employment status.
The Employee’s eligibility for the retention bonus is contingent upon meeting the following performance criteria: [Specify criteria]. Any failure to meet these criteria may result in the forfeiture of the bonus.
Should any provision of this Agreement be found to be illegal or unenforceable, the remaining provisions shall continue in full force and effect.
This Agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Company Representative]
[Name of the Company Representative]
[Title]
[Signature of the Employee]
[Name of the Employee]
Form
Please complete the form below to create the Retention Bonus Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Retention Bonus Agreement Template 1. Employee Information 2. Employer Information 3. Agreement Details 4. Retention Conditions 5. Payment Schedule 6. Performance Objectives 7. Confidentiality Terms 8. Termination Clauses 9. Acceptance of Terms 10. Declaration and Signatures
PDF
WORD
Retention Bonus Agreement Template Printable | Editable FormPrintable
