Employee Retention Agreement

Use this agreement to document retention-payment terms for an employee during a retention period or change of control.

Australia

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Why use an employee retention agreement?

An employee retention agreement helps define payment eligibility, employment conditions, and continuing obligations.

Define payment eligibility

Set out the retention payment, vesting conditions, payment dates, and payroll treatment.
Plan for control changes

Document how payments may apply around a change of control or qualifying termination.
Record employee duties

Capture confidentiality, property return, and post-employment obligations in one agreement.

This template covers retention payments, termination outcomes, employee duties, and signature acknowledgments.

Retention offer details
Identify the employee, company, retention period, and purpose of the retention offer.
Payment and vesting terms
Outline the retention amount, vesting schedule, payment timing, and deductions.
Change of control terms
Explain how change of control events and qualifying termination may affect payment.
Termination outcomes
Set out how resignation, cause, good reason, release terms, and payment vesting are handled.
Confidentiality and property
Cover proprietary information, data protection, intellectual property, and company property return.
Acknowledgment and signatures
Record employee acknowledgments, no-admission terms, additional provisions, and party signatures.