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Retention Incentive Waiver Template An agency may pay a retention incentive to a current employee if the agency determines that the unusually high or unique qualifications of the employee or a special.

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A retention bonus is eligible to employees after they sign an agreement with their employers. Employees who stay for the period specified in the agreement are eligible for the retention bonus. Some employers clearly state further requirements, such as satisfactory performance.

A retention payment (sometimes called a “stay bonus” or “retention incentive”) is a lump sum payment outside of an employee's base pay that is offered as an incentive to convince a key employee to remain in their current position for a specific amount of time to meet critical and priority business needs.

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.

The average retention bonus is between 10% to 15% of an employee's base income, but the amount can go up to 25%. Employers must consider why they are giving the retention bonus to determine the amount given.

For example, if the employee completes 9 months of service, the employee must repay 25% of the retention bonus paid (for the remaining 3 months of the year for which the employee did not provide service).

In conclusion, retention bonus agreements are a great way to keep key employees on board during difficult times. They can also be used to incentivize employees to stay with a company during a period of transition or change.

Under an OPM retention incentive waiver, agencies could approve a retention incentive of up to 50 percent of basic pay for a group of employees based on a critical agency need.

One such incentive is the retention incentive. This retention bonus is typically offered when firms are undergoing a transition period. Examples of such periods are a merger or an acquisition. A retention bonus is usually a one-time lump sum payment.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232