retention bonus Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “retention bonus” in the English Dictionary

"retention bonus" in Business English

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retention bonusnoun [C]

uk   us   HR, MANAGEMENT
an ​extrapayment 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 ​experiencingbigchanges: McCormick is set to get a $500,000 ​retentionbonus at the end of his five-year ​contract. They probably ​offeredretentionbonuses - both ​money and new ​stock - to ​keepexecutives through the ​reorganization.
(Definition of retention bonus from the Cambridge Business English Dictionary © Cambridge University Press)
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