Employee Retention Agreement

Great employees are valuable. If you want to encourage an employee to stay at your company, you can use an Employee Retention Agreement. It outlines the agreement between the employee and the company that the employee will remain at the company for a set period of time and be provided a guaranteed retention bonus (even if the company may be facing a buyout or change in management, or ownership, which could ultimately result in the employee's loss of a job).

Use the Employee Retention Agreement document if:

• You want to encourage employees to stay with your company with a bonus.
• There's a buyout or change of management around the corner, and you want to be prepared.