Meaning of “retention bonus” in the English Dictionary

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"retention bonus" in Business English

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retention bonusnoun [ C ]


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.

(Definition of “retention bonus” from the Cambridge Business English Dictionary © Cambridge University Press)