retention contract

USAGE SUMMARY

The phrase "retention contract" is correct and usable in written English.
It can be used in contexts related to agreements or contracts that involve retaining services, employees, or clients over a specified period. Example: "The company requires all new hires to sign a retention contract to ensure their commitment for at least two years."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

Mr. Haas told a reporter in his driveway on Thursday that he had rescinded his retention contract.

The New York Times

"I didn't have anything to do with those credit problems," said Mr. Haas, 47. "I told Mr. Liddy" — Edward M. Liddy, the chief executive of A.I.G., the insurance giant — "I would rescind my retention contract".

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

In early 2008, he and his colleagues were offered "retention contracts," he says, because it was becoming clear that "one business within our firm had issues that could kill the entire bonus pool..

The New York Times - Magazine

Wednesday, Liddy told the congressional committee AIG "retention bonus" contracts are inviolate, permanent and unbreakable.

Huffington Post

Liddy not only awarded $165 million in bonuses to the very AIG employees whose risky speculation in credit default swaps bankrupted the once-great insurance giant, forcing it to beg for $170 billion in taxpayer bailouts, he then claimed he was a helpless victim of retention bonus contracts written before he took over in September.

Huffington Post

These observations again confirm the substantial role that the myometrium plays in the maintenance of early pregnancy in pigs not only in shape retention and contracting but also as tissue involved in endocrine and immune signalling.

Functional and Integrative Genomics

The second group of bonuses covers some 2008 retention payments from contracts entered into before government involvement in A.I.G.

The New York Times

BT is paying 2.6 times book value, including $200m in "retention costs", rich contracts to ensure that essential Alex. Brown staff stay on.

The Economist

He thinks most courts would allow a request to obtain contracts granting the retention bonuses.

Forbes

By January 2005, 68 doctors had been contracted by the retention scheme [ 29].

Human Resources for Health

Uncertainty remains with regards to the integration of APEs into the civil service and their long-term retention, given their short-term contracts and low compensation vis-à-vis market rates.

Health Policy and Planning

Expert writing Tips

Best practice

When drafting a "retention contract", clearly define the specific conditions under which the retention bonus or benefits are earned to avoid future disputes.

Common error

Avoid using vague language in your "retention contract". Clearly specify the roles, responsibilities, and performance metrics required for the employee to fulfill the contract's terms.

Linguistic Context

The phrase "retention contract" functions primarily as a noun phrase, typically acting as the subject or object of a sentence. It refers to a specific type of agreement designed to keep valuable employees or clients. As seen in Ludwig, this phrase denotes a formal arrangement with set terms and conditions.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Science

30%

Formal & Business

30%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "retention contract" refers to a formal agreement designed to incentivize individuals or entities to continue their association or service. As indicated by Ludwig, this term is grammatically correct and primarily functions as a noun phrase. Its usage is most prevalent in news, business, and scientific contexts, signifying a professional register. While alternatives such as "employee retention agreement" and "staff retention plan" exist, the core concept remains focused on securing continued engagement through contractual means. It is important to define clearly the conditions and incentives of such agreements.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

employee retention agreement

Replaces "contract" with the more specific "agreement", clarifying the document's nature.

contract for employee retention

Rephrases to emphasize the contract's purpose of retaining employees.

staff retention plan

Focuses on the strategic aspect of keeping staff, shifting from a legal document to a broader plan.

talent retention program

Highlights the value of the employees being retained, framing it as a talent management initiative.

client retention agreement

Specifically targets agreements aimed at keeping clients, differing from employee-focused contracts.

customer retention contract

Focuses on retaining customers specifically.

service agreement with retention clause

Describes a general service agreement that includes provisions for ensuring continued service or engagement.

retention incentive plan

Shifts the focus to the incentives offered to encourage retention, rather than the contractual obligation.

agreement to retain services

Generalizes to cover any type of service, not just employment, that is being retained through an agreement.

stay bonus agreement

Emphasizes the bonus component as the key incentive for staying with the company.

FAQs

What is a "retention contract"?

A "retention contract" is an agreement between an employer and an employee that provides incentives for the employee to remain with the company for a specified period. These incentives can include bonuses, salary increases, or other benefits.

What are some alternatives to calling it a "retention contract"?

Depending on the context, you can use alternatives like "employee retention agreement", "staff retention plan", or "retention bonus agreement".

What should be included in a "retention contract"?

A "retention contract" should clearly state the duration of the contract, the incentives offered, the conditions for receiving the incentives, and any penalties for leaving before the contract expires.

Are "retention bonuses" always part of a "retention contract"?

While "retention bonuses" are a common incentive in "retention contracts", other benefits, such as stock options or increased vacation time, can also be included.