Transform your daily workflows and Organize Pages Retention Agreement

Aug 6th, 2022
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How to Organize Pages Retention Agreement

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Hi, this is Gary with MacMost.com. On todays episode lets look at a new feature in Pages that allows you to rearrange things in your document using Sections. So Apple recently released new versions of Pages, Numbers, and Keynote. There are a lot of small new features in these. Im going to look at one today. Im using Pages version 5.6 and Im just going to create a new blank document. In the past I could certainly look at the page thumbnails here on the left and see what pages Ive done but I couldnt really rearrange them. They are basically a way for me to jump from page to page. Now, with Pages 5.6, I can actually rearrange them in a way that you might do say if you were writing a story and you want to have sections that you rearrange or perhaps a script or perhaps notes for class. Things like that and you kind of want to rearrange sheets of paper. You can do that using Sections. So lets start off by just creating a bunch of pages that may have some notes on them. So here is th

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Typically, the obligation to repay bonus compensation is triggered upon the employees termination of employment. Once the obligation is triggered, the employee will be required to repay the bonus compensation previously received, either in a lump-sum payment or in installments.
The average retention bonus is between 10% to 15% of an employees base income, but the amount can go up to 25%. Employers must consider why they are giving the retention bonus to determine the amount given.
If you had already planned on staying with the company for the duration of the retention agreement, accepting the bonus should be a no-brainer. It may even provide a degree of job security you didnt have before.
Bonuses are typically paid in either one large lump sum, or occasionally employers will pay in regular installments. The bonus is typically offered as a percentage. For example, a 10% retention bonus for an employee that makes $124,000 a year would be $12,400.
A retention payment (sometimes called a stay bonus or retention incentive) is a lump sum payment outside of an employees base pay that is offered as an incentive to convince a key employee to remain in their current position for a specific amount of time to meet critical and priority business needs.
Cons of retention pay Instead of seeing it as an incentive bonus, the employees might think that their employer is trying to buy their loyalty by handing out some money. In return, they might insist on handing in their resignation even more.
Reimbursement Agreement: Should a retention bonus be paid in periodic installment, an agreement may require the employee to repay or reimburse the company for previously received retention bonuses should the employee leave prior to the final payment.
Typical retention bonuses can be anywhere from 10% to 25% of the base salary, depending on the industry. Your employer might also choose to pay a flat rate, such as $5000. A retention bonus is commonly paid as a lump sum amount, but some employers may break it down to ensure their benefits in case youre dismissed.

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