0 an extra payment that is given to an employee as a way of persuading them not to leave the company, especially at a time when the company is experiencing big changes:
McCormick is set to get a $500,000 retention bonus at the end of his five-year contract.
They probably offered retention bonuses - both money and new stock - to keep executives through the reorganization.
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May 10, 2021
WORD OF THE DAY
Shimmer
retention bonus