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retention payments

By Earl Altman | 5 Minutes Read September 23, 2013

Deferred compensation: You can take it with you (sometimes)

Deferred compensation in the form of future bonuses, retention payments, and stock options has become a standard element of executive compensation. While there are countless variations of such plans, they are all designed to incent employees to remain with their employer, and to perform to the employee’s highest capability while he is there. In order to meet these goals, such plans will often include a deferral of the benefit once it is earned, in order to create an incentive to remain with the employer.

Article by Earl Altman / Employee Relations, Employment Standards, Payroll / bonus plan, bonuses, canadian employment law, consideration, constructive dismissal, Deferred compensation, employment contracts, employment law, executive compensation, future bonuses, grant of shares, HR Law, incentive, resignation, restrictive covenants, retention payments, salary, stock compensation plan, stock options, Supreme Court of Canada, termination, terminations, terms and conditions of employment, unenforceable restraint of trade, vesting

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