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1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Context of the agreement, including employee's current position and reason for retention bonus
3. Definitions: Key terms used throughout the agreement, including 'Retention Period', 'Retention Bonus', 'Trigger Events'
4. Retention Bonus Amount: Specification of the total bonus amount and any applicable conditions
5. Payment Terms: Timeline and method of bonus payment, including any installments
6. Retention Period: Clear specification of the period during which the employee must remain employed
7. Conditions for Payment: Performance requirements and other conditions that must be met to receive the bonus
8. Termination Provisions: Circumstances under which the agreement may be terminated and consequences
9. Repayment Obligations: Conditions under which the employee might need to repay the bonus
10. Confidentiality: Provisions regarding the confidential nature of the agreement and its terms
11. Governing Law: Specification of UAE law as governing law and relevant jurisdiction
12. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties
1. Tax Implications: Section addressing tax treatment of the bonus, particularly relevant with new UAE corporate tax law
2. Non-Competition: Additional restrictions on employee's activities after receiving the bonus
3. Free Zone Specific Provisions: Additional terms required for companies operating in DIFC or ADGM
4. Multiple Jurisdiction Provisions: For employees working across multiple UAE jurisdictions or internationally
5. Change of Control: Provisions addressing what happens in case of company merger or acquisition
6. Currency Specifications: For agreements where bonus might be paid in currency other than AED
7. End of Service Benefit Calculations: Clarification of how the bonus affects end of service benefits
1. Schedule 1 - Bonus Calculation: Detailed formula or methodology for calculating the retention bonus
2. Schedule 2 - Payment Schedule: If paid in installments, detailed timeline of payments and amounts
3. Schedule 3 - Performance Metrics: If applicable, specific KPIs or performance criteria linked to the bonus
4. Appendix A - Employee Details: Current position, salary, and other relevant employment details
5. Appendix B - Company Policies: Reference to relevant company policies affecting the bonus agreement
Financial Services
Technology
Oil & Gas
Real Estate & Construction
Healthcare
Professional Services
Retail & Consumer Goods
Manufacturing
Telecommunications
Education
Hospitality & Tourism
Media & Entertainment
Human Resources
Legal
Finance
Executive Leadership
Sales
Information Technology
Operations
Research & Development
Product Development
Client Services
Engineering
Marketing
Chief Executive Officer
Chief Financial Officer
Chief Technology Officer
Senior Manager
Project Manager
Technical Lead
Senior Developer
Key Account Manager
Senior Sales Executive
Department Head
Principal Consultant
Senior Engineer
Research Director
Senior Analyst
Product Manager
Operations Manager
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