Retention Agreement

Retention Agreement

This retention agreement is made on {date} between {Company} and {Employee}.

That {Employee}, entering into employment on {date} as {position}, agrees to the following:

If all of the following stipulations are met, {Employee} will receive a {bonus amount} bonus {as a lump sum/in installments} as of {retention period end date}:

• The Employee performs all duties, responsibilities, and job requirements to the Company's satisfaction over the course of the retention period.
• The Employee receives no disciplinary action more severe than {maximum allowed disciplinary action}.
• The Employee does not resign over the course of the retention period.
• The Employee is not terminated for misconduct over the course of the retention period.

Should {Employee} be terminated for a reason other than misconduct or poor performance during the course of the retention period, {Employee} will be paid the retention bonus on a pro-rate basis of {ratio amount per year}.

_________________________
(Employee Signature)

_________________
(Date)

_________________________
(Company Representative Signature)

_________________
(Date)

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