{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-executive", "type": "clause", "offset": [0, 13]}, {"key": "participate-in", "type": "definition", "offset": [35, 49]}, {"key": "retention-plan", "type": "definition", "offset": [91, 105]}, {"key": "in-accordance-with", "type": "definition", "offset": [184, 202]}, {"key": "allocation-of", "type": "clause", "offset": [258, 271]}, {"key": "terms-of-the", "type": "clause", "offset": [368, 380]}, {"key": "schedule-1", "type": "definition", "offset": [413, 423]}], "snippet": "The Executive shall be eligible to participate in ----------------- the Efficient Networks Retention Plan (\"MRP\") and the Efficient Networks Discretionary Retention Plan (\"DRP\"), each in accordance with their respective terms. The Executive shall receive an allocation of $2,000,000 under the MRP and an allocation of $7,000,000 under the DRP. Certain of the material terms of the MRP and the DRP are outlined on Schedule 1 hereto.", "samples": [{"hash": "eOMnKIdbWwF", "uri": "/contracts/eOMnKIdbWwF#retention-program", "label": "Employment Agreement (Siemens Aktiengesellschaft/Adr)", "score": 18.0, "published": true}, {"hash": "8uuJaMFTdkN", "uri": "/contracts/8uuJaMFTdkN#retention-program", "label": "Employment Agreement (Efficient Networks Inc)", "score": 18.0, "published": true}], "size": 6, "hash": "767b932a0775518656c3a60665c10cb4", "id": 1}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [118, 133]}, {"key": "employees-of", "type": "clause", "offset": [140, 152]}, {"key": "disclosure-letter", "type": "definition", "offset": [238, 255]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [366, 392]}, {"key": "program-letter", "type": "definition", "offset": [413, 427]}, {"key": "obligations-of", "type": "clause", "offset": [485, 499]}, {"key": "the-retention", "type": "clause", "offset": [540, 553]}, {"key": "in-accordance-with", "type": "definition", "offset": [636, 654]}, {"key": "the-terms", "type": "definition", "offset": [655, 664]}, {"key": "in-no-event-shall", "type": "clause", "offset": [674, 691]}, {"key": "agree-to", "type": "clause", "offset": [711, 719]}, {"key": "other-severance", "type": "clause", "offset": [724, 739]}, {"key": "in-addition-to-the", "type": "clause", "offset": [761, 779]}, {"key": "in-this-agreement", "type": "definition", "offset": [842, 859]}, {"key": "term-of-this-agreement", "type": "clause", "offset": [905, 927]}, {"key": "require-the", "type": "clause", "offset": [934, 945]}, {"key": "employment-of", "type": "clause", "offset": [978, 991]}, {"key": "any-employee", "type": "clause", "offset": [992, 1004]}, {"key": "after-the-effective-time", "type": "clause", "offset": [1018, 1042]}, {"key": "involuntarily-terminated", "type": "definition", "offset": [1198, 1222]}, {"key": "without-cause", "type": "definition", "offset": [1246, 1259]}, {"key": "prior-to", "type": "definition", "offset": [1260, 1268]}, {"key": "receipt-of", "type": "clause", "offset": [1285, 1295]}], "snippet": "As of the Effective Time, the Surviving Trust shall adopt a severance and retention program (the \"Retention Program\") with respect to those employees of Wellsford and the Wellsford Subsidiaries set forth in Schedule 5.10 to the Wellsford Disclosure Letter (the \"Schedule 5.10 Employees\") by issuing to such Schedule 5.10 Employees a letter substantially in the form attached hereto as Exhibit \"I\" (the \"Retention Program Letter\"); provided, however, that in no event may the aggregate obligations of Wellsford and the Surviving Trust under the Retention Program exceed $544,575. The Surviving Trust shall maintain the Retention Program in accordance with the terms thereof. In no event shall Wellsford adopt or agree to any other severance or retention program in addition to the Retention Program, except as otherwise specifically set forth in this Agreement. Neither the Retention Program nor any other term of this Agreement shall require the Surviving Trust to continue the employment of any employee of Wellsford after the Effective Time. The Surviving Trust shall pay the amount set forth in Schedule 5.10 to the Wellsford Disclosure Letter to each Schedule 5.10 Employee whose employment is involuntarily terminated by the Surviving Trust without cause prior to such employee's receipt of the Retention Program Letter.", "samples": [{"hash": "eIFxoPTcdEb", "uri": "/contracts/eIFxoPTcdEb#retention-program", "label": "Merger Agreement (Equity Residential Properties Trust)", "score": 18.0, "published": true}, {"hash": "c1OxXqVhXDb", "uri": "/contracts/c1OxXqVhXDb#retention-program", "label": "Merger Agreement (Equity Residential Properties Trust)", "score": 18.0, "published": true}, {"hash": "9k95V9CtbJd", "uri": "/contracts/9k95V9CtbJd#retention-program", "label": "Merger Agreement (Equity Residential Properties Trust)", "score": 18.0, "published": true}], "size": 4, "hash": "6bd4a7cd716efaa2d87e660512e83f8d", "id": 2}, {"snippet_links": [{"key": "first-union", "type": "clause", "offset": [0, 11]}, {"key": "and-the-company", "type": "clause", "offset": [12, 27]}, {"key": "have-agreed", "type": "clause", "offset": [28, 39]}, {"key": "contemplated-hereby", "type": "clause", "offset": [95, 114]}, {"key": "to-establish", "type": "definition", "offset": [116, 128]}, {"key": "the-terms", "type": "definition", "offset": [166, 175]}, {"key": "purposes-of", "type": "clause", "offset": [198, 209]}, {"key": "the-services", "type": "clause", "offset": [229, 241]}, {"key": "the-company-subsidiaries", "type": "clause", "offset": [282, 306]}, {"key": "following-the", "type": "definition", "offset": [332, 345]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [346, 378]}], "snippet": "First Union and the Company have agreed, in ----------------- connection with the transactions contemplated hereby, to establish a retention program on substantially the terms described herein, the purposes of which is to retain the services of certain employees of the Company and the Company Subsidiaries (as hereinafter defined) following the consummation of the transactions contemplated hereby.", "samples": [{"hash": "hhJFkC6jm9p", "uri": "/contracts/hhJFkC6jm9p#retention-program", "label": "Agreement and Plan of Merger (Everen Capital Corp)", "score": 18.0, "published": true}, {"hash": "3ewQpyttKiU", "uri": "/contracts/3ewQpyttKiU#retention-program", "label": "Merger Agreement (Everen Capital Corp)", "score": 18.0, "published": true}], "size": 3, "hash": "20fe654392ec91fadc89c3afc2ec6737", "id": 3}, {"snippet_links": [{"key": "employees-shall", "type": "clause", "offset": [9, 24]}, {"key": "the-retention", "type": "clause", "offset": [48, 61]}, {"key": "ipo-date", "type": "definition", "offset": [90, 98]}, {"key": "holdings-employee", "type": "definition", "offset": [126, 143]}, {"key": "to-be-eligible", "type": "clause", "offset": [159, 173]}, {"key": "participate-in", "type": "definition", "offset": [177, 191]}, {"key": "with-respect-to", "type": "clause", "offset": [240, 255]}, {"key": "employee-has", "type": "clause", "offset": [277, 289]}, {"key": "to-the-extent", "type": "clause", "offset": [324, 337]}, {"key": "vested-interests", "type": "clause", "offset": [390, 406]}, {"key": "relate-to", "type": "definition", "offset": [490, 499]}, {"key": "payments-to-holdings", "type": "clause", "offset": [552, 572]}, {"key": "employees-with", "type": "clause", "offset": [573, 587]}], "snippet": "Holdings Employees shall cease participation in the Retention Program effective as of the IPO Date; provided, however, that a Holdings Employee shall continue to be eligible to participate in the Retention Program on and after the IPO Date with respect to awards in which such employee has a vested interest as of such date to the extent of such vested interest, as well as with respect to vested interests in \"Follow-up Investments\" (as such term is defined in the Retention Program) that relate to such awards. Continental shall retain liability for payments to Holdings Employees with respect to the vested interests in such awards and the vested interests in any \"Follow-up Investments\" that relate to any such awards under the Retention Program.", "samples": [{"hash": "g5MpAIBLc1v", "uri": "/contracts/g5MpAIBLc1v#retention-program", "label": "Employee Benefits Separation Agreement (Expressjet Holdings Inc)", "score": 21.0, "published": true}, {"hash": "ghaYQBXIbyt", "uri": "/contracts/ghaYQBXIbyt#retention-program", "label": "Employee Benefits Separation Agreement (Expressjet Holdings Inc)", "score": 18.0, "published": true}], "size": 3, "hash": "8c32deaee8e32374d6b73ea5ce468de6", "id": 4}, {"snippet_links": [{"key": "the-request", "type": "clause", "offset": [3, 14]}, {"key": "the-company-shall", "type": "clause", "offset": [26, 43]}, {"key": "company-subsidiary", "type": "definition", "offset": [66, 84]}, {"key": "in-good-faith", "type": "clause", "offset": [99, 112]}, {"key": "to-assist", "type": "clause", "offset": [125, 134]}, {"key": "benefit-program", "type": "clause", "offset": [182, 197]}, {"key": "by-parent", "type": "clause", "offset": [207, 216]}, {"key": "sole-discretion", "type": "clause", "offset": [224, 239]}, {"key": "benefits-and-payments", "type": "clause", "offset": [269, 290]}, {"key": "transactions-contemplated-herein", "type": "clause", "offset": [377, 409]}, {"key": "the-surviving-corporation", "type": "clause", "offset": [414, 439]}, {"key": "obligations-and-liabilities", "type": "definition", "offset": [471, 498]}], "snippet": "At the request of Parent, the Company shall, and shall cause each Company Subsidiary to, cooperate in good faith with Parent to assist in the implementation of an employee retention benefit program designed by Parent, in it sole discretion; provided, however, that all benefits and payments under such retention benefit program shall be contingent upon the consummation of the transactions contemplated herein and the Surviving Corporation shall be solely liable for all obligations and liabilities under any such retention benefit program.", "samples": [{"hash": "km75IwLEapQ", "uri": "/contracts/km75IwLEapQ#retention-program", "label": "Agreement and Plan of Merger (Chubb Corp)", "score": 18.0, "published": true}, {"hash": "2gy42xelW4L", "uri": "/contracts/2gy42xelW4L#retention-program", "label": "Merger Agreement (Executive Risk Inc /De/)", "score": 18.0, "published": true}], "size": 2, "hash": "8d194e67a341444dda5e86d5a774c2b7", "id": 5}, {"snippet_links": [{"key": "for-the-benefit-of", "type": "definition", "offset": [57, 75]}, {"key": "business-employees", "type": "definition", "offset": [79, 97]}, {"key": "efforts-to-consummate", "type": "clause", "offset": [138, 159]}, {"key": "the-closing", "type": "definition", "offset": [160, 171]}, {"key": "the-terms", "type": "definition", "offset": [217, 226]}, {"key": "disclosure-schedule", "type": "definition", "offset": [272, 291]}, {"key": "responsible-for", "type": "clause", "offset": [339, 354]}], "snippet": "Descartes shall establish a cash-based retention program for the benefit of Ag Business Employees to promote retention and to incentivize efforts to consummate the Closing (the \u201cAg Retention Program\u201d) consistent with the terms set forth in Section 5.8(p) of the Descartes Disclosure Schedule. Descartes or its Subsidiaries shall be solely responsible for any Liability arising under the Ag Retention Program.", "samples": [{"hash": "4iAu6UMVtXJ", "uri": "/contracts/4iAu6UMVtXJ#retention-program", "label": "Transaction Agreement (Dupont E I De Nemours & Co)", "score": 28.3127994537, "published": true}, {"hash": "iuNrU6cgC8f", "uri": "/contracts/iuNrU6cgC8f#retention-program", "label": "MSW Transaction Agreement (FMC Corp)", "score": 26.2553043365, "published": true}], "size": 2, "hash": "77003ca7780b7bbc37f1cd1a0adadf1f", "id": 6}, {"snippet_links": [{"key": "supplier-will", "type": "clause", "offset": [0, 13]}, {"key": "key-supplier-personnel", "type": "clause", "offset": [88, 110]}, {"key": "account-for-the", "type": "clause", "offset": [122, 137]}, {"key": "the-retention", "type": "clause", "offset": [197, 210]}, {"key": "similarly-situated", "type": "definition", "offset": [252, 270]}, {"key": "supplier-employees", "type": "definition", "offset": [271, 289]}, {"key": "supplier-shall", "type": "clause", "offset": [291, 305]}, {"key": "retention-strategies", "type": "clause", "offset": [324, 344]}, {"key": "not-limited", "type": "clause", "offset": [393, 404]}, {"key": "stock-options", "type": "definition", "offset": [418, 431]}, {"key": "salary-increases", "type": "clause", "offset": [441, 457]}, {"key": "programs-offered", "type": "clause", "offset": [512, 528]}], "snippet": "Supplier will implement and maintain a reasonable retention strategy designed to retain Key Supplier Personnel on the ABM account for the prescribed period, which shall be at least as favorable as the retention strategy it implements and maintains for similarly situated Supplier employees. Supplier shall implement various retention strategies to retain Key Supplier Personnel, including but not limited to, granting stock options, awards, salary increases, recognition events and other retention and incentive programs offered to similarly situated Supplier employees.", "samples": [{"hash": "lCIVsBmSp4n", "uri": "/contracts/lCIVsBmSp4n#retention-program", "label": "Professional Services (Abm Industries Inc /De/)", "score": 21.0, "published": true}, {"hash": "1tiA8XnyF07", "uri": "/contracts/1tiA8XnyF07#retention-program", "label": "Master Professional Services Agreement (Abm Industries Inc /De/)", "score": 19.0, "published": true}], "size": 2, "hash": "02fadb13c460ac9deee2139dab14b37f", "id": 7}, {"snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "fund-a", "type": "definition", "offset": [33, 39]}, {"key": "to-buyer", "type": "definition", "offset": [91, 99]}, {"key": "period-from", "type": "definition", "offset": [108, 119]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [124, 146]}, {"key": "the-closing", "type": "definition", "offset": [153, 164]}], "snippet": "Seller shall implement and fully fund a retention program on terms reasonably satisfactory to Buyer for the period from the date of this Agreement until the Closing.", "samples": [{"hash": "kvEi3gCT665", "uri": "/contracts/kvEi3gCT665#retention-program", "label": "Asset Purchase Agreement (Seracare Life Sciences Inc)", "score": 21.0, "published": true}, {"hash": "1LJ9dvVuekD", "uri": "/contracts/1LJ9dvVuekD#retention-program", "label": "Asset Purchase Agreement (Boston Biomedica Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "35504d5a27a4f2d4b61f0ee949f9c428", "id": 8}, {"snippet_links": [{"key": "the-company-and-the", "type": "clause", "offset": [0, 19]}, {"key": "not-entitled", "type": "definition", "offset": [58, 70]}, {"key": "further-payments", "type": "clause", "offset": [78, 94]}, {"key": "pursuant-to-the", "type": "clause", "offset": [95, 110]}, {"key": "on-march", "type": "clause", "offset": [168, 176]}, {"key": "of-the-company", "type": "clause", "offset": [200, 214]}, {"key": "to-the-executive", "type": "clause", "offset": [229, 245]}, {"key": "with-respect-to", "type": "clause", "offset": [246, 261]}], "snippet": "The Company and the Executive agree that the Executive is not entitled to any further payments pursuant to the Hawker Beechcraft Corporation Retention Program, adopted on March 26, 2007, and that all of the Company\u2019s obligations to the Executive with respect to such retention program have been satisfied.", "samples": [{"hash": "41rwrHauxp6", "uri": "/contracts/41rwrHauxp6#retention-program", "label": "Separation Agreement (Hawker Beechcraft Notes Co)", "score": 19.0, "published": true}, {"hash": "3OpEYKxsydL", "uri": "/contracts/3OpEYKxsydL#retention-program", "label": "Separation Agreement (Hawker Beechcraft Notes Co)", "score": 19.0, "published": true}], "size": 2, "hash": "f647d89541eafc2c2086111b890f749e", "id": 9}, {"snippet_links": [{"key": "date-of-this-agreement", "type": "clause", "offset": [37, 59]}, {"key": "senior-executives", "type": "definition", "offset": [105, 122]}, {"key": "company-and-its-subsidiaries", "type": "definition", "offset": [150, 178]}, {"key": "to-purchaser", "type": "clause", "offset": [190, 202]}, {"key": "executives-and-employees", "type": "definition", "offset": [217, 241]}, {"key": "terms-of", "type": "definition", "offset": [250, 258]}, {"key": "the-retention", "type": "clause", "offset": [332, 345]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [393, 420]}], "snippet": "As promptly as practicable after the date of this Agreement, Company shall adopt a retention program for senior executives and other key employees of Company and its Subsidiaries acceptable to Purchaser as to covered executives and employees and the terms of such program. Company shall consult with Purchaser in the development of the retention program, which shall commence immediately upon execution of this Agreement.", "samples": [{"hash": "fR4XNPXeXqZ", "uri": "/contracts/fR4XNPXeXqZ#retention-program", "label": "Securities Purchase Agreement (Leucadia National Corp)", "score": 18.0, "published": true}, {"hash": "261nEnRvYVK", "uri": "/contracts/261nEnRvYVK#retention-program", "label": "Securities Purchase Agreement (Finova Group Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "a1c255a357250bbe45116db95da178e7", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpyZXRlbnRpb24tcHJvZ3JhbSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["additional-agreements", "Additional Agreements"], ["compensation", "Compensation"], ["benefit-plans-and-other-employee-arrangements", "Benefit Plans and Other Employee Arrangements"], ["covenants", "Covenants"], ["employee-matters", "Employee Matters"]], "size": 85, "children": [["vesting", "Vesting"], ["adjustment", "Adjustment"], ["eligibility", "Eligibility"], ["retention-pool", "Retention Pool"], ["delay-of-severance-payment", "DELAY OF SEVERANCE PAYMENT"]], "title": "Retention Program", "id": "retention-program", "related": [["leave-donation-program", "Leave Donation Program", "Leave Donation Program"], ["orientation-program", "Orientation Program", "Orientation Program"], ["incentive-program", "Incentive Program", "Incentive Program"], ["long-term-incentive-program", "Long-Term Incentive Program", "Long-Term Incentive Program"], ["sick-leave-donation-program", "Sick Leave Donation Program", "Sick Leave Donation Program"]], "related_snippets": [], "updated": "2025-12-01T05:47:14+00:00", "also_ask": ["What are the essential elements to include in a Retention Program clause to ensure enforceability?", "How can the Retention Program be structured to maximize employee retention while minimizing legal risk?", "What are the most common pitfalls or fatal flaws in drafting Retention Program clauses?", "How do courts typically assess the reasonableness and enforceability of Retention Program provisions?", "How do Retention Program clauses in this agreement compare to industry standards or statutory requirements?"], "drafting_tip": "Specify eligibility criteria to prevent disputes, define retention benefits to ensure clarity, and set program duration to manage expectations.", "explanation": "A Retention Program clause outlines the terms under which certain funds or assets are held back by one party, typically to ensure the fulfillment of contractual obligations or to cover potential future claims. In practice, this may involve withholding a percentage of payment until project completion or after a specified period to address defects or outstanding issues. The core function of this clause is to provide security for the party making payments, ensuring that the other party completes their obligations satisfactorily and mitigating the risk of non-performance or unresolved claims."}, "json": true, "cursor": ""}}