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Save Retention Agreement in PNG

Save Retention Agreement in PNG

Aug 6th, 2022

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How to Save Retention Agreement in PNG

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In this video, Wayne Zell, founder of Zell Law, discusses retention bonuses, which are financial incentives for key employees to remain with a company after it is sold. He highlights their significance in business deals, particularly when sellers are subject to earn-outs that depend on the company's future performance. Retention bonuses become crucial for maintaining the involvement of essential staff during the earn-out period, as their departure can jeopardize the company's success and the earn-out potential. This excerpt is from Zell’s upcoming book, "Your Multi-Million Dollar Exit: The Entrepreneur's Business Succession Planner," scheduled for release in early 2023.

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