retention bonus
noun[C]
HR,MANAGEMENTukusanextrapaymentthat is given to anemployeeas a way ofpersuadingthem not toleavethecompany,especiallyat atimewhen thecompanyisexperiencingbigchanges:
McCormick is set to get a $500,000retentionbonusat the end of his five-yearcontract.
Theyprobablyofferedretentionbonuses- bothmoneyand newstock- tokeepexecutivesthrough thereorganization.