The phrase "a retention package" is correct and usable in written English.
It is typically used in a business context to refer to a set of incentives or benefits offered to retain employees or clients.
Example: "The company announced a retention package to ensure key employees remain with the organization during the transition period."
Alternatives: "retention bonus" or "incentive package".
In addition, he received a retention package valued at $40 million, to be awarded through 2015.
Mr. Klein, who headed Citigroup's investment banking operations, was given a retention package in cash and stock worth $19.3 million.
He is the only key member of staff to be on a retention package that lasts for three years, with the rest on two-year deals.
Vringo will issue m-Wise 1.9 million shares of its common stock, provide m-Wise's management with a retention package comprised of options to purchase 500,000 shares of common stock, and assume and pay over a two year period certain of m-Wise's expenses and related costs in the amount of $615,000.
BLOOMBERG NEWS Panditit's Pay Swells | Vikram S. Pandit, Citigroup's chief executive, could see a total of $53 million in compensation for 2011, from his yearly pay combined with a multiyear retention package, Bloomberg News reports, citing filings and an analyst's estimate.
RS: Options are a great retention package, but I think you're getting into a place in Silicon Valley where people are signing up for things and [immediately asking], "Where's the liquidity event?" And that's a bad situation.
Politicians seeking to protect the privacy of their own communication is a little ironic in light of their bid to pass a data retention package that would leave journalists and their sources exposed.
The new tax breaks will save Sears — which got a big retention package just over 20 years ago, when it left the Sears Tower in Chicago for suburban Hoffman Estates — an estimated $15 million a year.
Vikram S. Pandit, the former chief of Citigroup, who is not on the top 10 list, agreed to forfeit a $26.6 million "retention" package from 2011 after he was forced out in October.
After spending years as one of Wall Street's lowest paid chief executives, Vikram S. Pandit received a $23.2 million retention package that could catapult him to the top of the list.
The guideline arose, the division chief allegedly replied, "in response to an attempted recruitment by Duke a couple of years ago of the entire UNC bone marrow transplant team; UNC had to generate a large retention package to keep the team intact".
