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In a merger if an employee is being offered a job are they entitled to a retention bonus?
Wiki User
∙ 11y ago
No, an employee is never entitled to a retention bonus unless their contact specifically states that they are.
Over 95% of employment contracts in the United States are "at will" contracts, allowing the employer or employee to part ways, generally with no required compensation resulting from the action.
Many mergers are made based on the "synergies" of completing the merger. In general, headcount will be reduced to get rid of any redundancies created as a result of merging the two companies. Accordingly, many people at the newly-merged company are worried about keeping the job that they already have. Unless the individual is particularly skilled and no one else at the newly-merged company can do their job, it is a poor move to ask for a retention bonus.
Wiki User
∙ 11y ago
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What happen to the employee pension plan at First Interstate after the merger with Wells Fargo?
who do I contact regarding my employee retirement plan with FIB during 1980-2000
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if you are involved in a merger
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That would be outlined in the merger agreement.
What happen to the employee pension plan at First Interstate after the merger with Wells Fargo?
who do I contact regarding my employee retirement plan with FIB during 1980-2000
What are types of merger?
Purchasing Merger Consolidation Merger
Is aflac involved in a merger?
if you are involved in a merger
What is the Definition of merger and acquisition?
What is merger and aquisition?
What is the biggest merger of all time?
The biggest merger of all time is the America Online and Time Warner merger. The merger is valued at $186.2 billion dollars.
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joint venture
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