Sell Your Company, Not Your Employees: Employee Retention Tactics During Sales
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Sell Your Company, Not Your Employees: Employee Retention Tactics During Sales
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In this episode of Just Compensation, Megan Monson, Taryn E. Cannataro, and Zachary Bocian discuss employee retention strategies during a company sale, including transaction bonuses, retention bonuses, management carve-out plans, and severance plans. They assess whether the seller or buyer is responsible for funding retention tools and address the legal and practical considerations of such arrangements.
To learn more about 280G, listen to Section 280G Unpacked: Pitfalls and Planning for Tech Startups.
To learn more about 'Top Hat' structures, listen to Puttin' on Your Top Hat: How to Effectively Structure a Deferred Compensation Plan as a "Top Hat" Plan.
Speakers:
Megan Monson, Partner, Executive Compensation and Employee Benefits
Taryn E. Cannataro, Counsel, Executive Compensation and Employee Benefits
Zachary Bocian, Associate, Executive Compensation