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Ok so stated a different way as follows. "I will pay you $1,000,000 for your restaurant. If the chef in the kitchen is still working for me after 1 year I will
by larrys 13y ago
Ok so stated a different way as follows.
"I will pay you $1,000,000 for your restaurant. If the chef in the kitchen is still working for me after 1 year I will pay you an additional $50,000."
- walshemj 13y agoI would say that thats the chefs 50,000 :-) pay the retention bonus to the ones you want to keep not the previous employer.
- edraferi 13y agoIt doesn't preclude a similar retention bonus for the chef. The point is, the leadership of the selling firm has some influence over whether their employees stay or go. The buying firm sets up a financial incentive to encourage the selling leadership to use that influence.