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.
Financial and business terms. 2012.
Retention Bonus — A payment or reward outside of an employee s regular salary that is offered as an incentive to keep a key employee on the job during a particularly crucial business cycle, like a merger or acquisition, or during a crucial production period. In… … Investment dictionary
bonus — bo‧nus [ˈbəʊnəs ǁ ˈboʊ ] noun [countable] 1. HUMAN RESOURCES an extra amount of money added to an employee s wages, usually as a reward for doing difficult or good work: • The bonus is discretionary but linked to performance. • The car company is … Financial and business terms
bonus — noun 1 money added to salary, etc. ADJECTIVE ▪ big, huge, large ▪ extra, special ▪ cash ▪ annual … Collocations dictionary
retention — noun Retention is used before these nouns: ↑bonus, ↑pond Retention is used after these nouns: ↑employee, ↑staff, ↑urine … Collocations dictionary
Say on pay — is a slogan for laws that give shareholders of corporations a vote on how much the boards of directors will be remunerated. In the field of corporate governance, this issue has become increasingly political due to the incessant upward trend of… … Wikipedia
Donald J. Carty — Donald J. Carty, OC (born 1946) is a Canadian/American businessman who serves as chairman of Virgin America and Porter Airlines. In addition to these chairmanships, Mr. Carty is also a director of Dell, Hawaiian Airlines, Sears, CHC Helicopter… … Wikipedia
Compensation and benefits — (abbreviated “C B”) is a sub discipline of human resources, focused on employee compensation and benefits policy making. It is also known in the UK as “total reward” and as “remuneration” in Australia and New Zealand. Contents 1 The basic… … Wikipedia
Eventing — The cross country phase Eventing (also known as horse trials) is an equestrian event comprising dressage, cross country, and show jumping. This event has its roots in a comprehensive cavalry test requiring mastery of several types of riding. The… … Wikipedia
Employee referral — is an internal recruitment method employed by organisations to identify potential candidates from their existing employees social networks. An employee referral scheme encourages a company s existing employees to select and recruit the suitable… … Wikipedia
AOL — For other uses, see AOL (disambiguation). AOL Inc. Type Public company Traded as NYSE: AOL … Wikipedia
