Employee Retention Agreement Sample Contracts

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Maine & Maritimes Corporation EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • March 25th, 2010 • Maine & Maritimes Corp • Electric services • Maine

THIS EMPLOYEE RETENTION AGREEMENT dated as of , (this “Agreement”) is entered into between Maine & Maritimes Corporation, a Maine corporation (the “Company”), and [insert name of executive] (the “Executive”) (the Company and Executive are sometimes referred to as “Party” or collectively “Parties”).

Contract
Employee Retention Agreement • May 5th, 2020 • Tennessee

EX-10.2 3 dougbarberretention.htm EMPLOYEE RETENTION AGREEMENT Exhibit 10.2 August 12, 2006 Douglas E. Barber Re: Employee Retention Agreement Dear Doug: The Board of Directors of the CBRL Group, Inc. recognizes the contribution that you have made to CBRL Group, Inc. or one of its direct or indirect subsidiaries (collectively, the "Company") and wishes to ensure your continuing commitment to the Company and its business operations. Accordingly, in exchange for your continuing commitment to the Company, and your energetic focus on continually improving operations, the Company promises you the following benefits if your employment with the Company is terminated in certain circumstances: 1. DEFINITIONS. As used in this Agreement, the following terms have the following meanings which are equally applicable to both the singular and plural forms of the terms defined: 1.1 "Cause" means any one of the following: (a) personal dishonesty; (b) willful misconduct; (c) breach of fiduciary duty; or

Re: Employee Retention Agreement
Employee Retention Agreement • February 14th, 2006 • Cadmus Communications Corp/New • Commercial printing • Virginia

Cadmus Communications Corporation (the “Corporation”) considers it essential to the best interests of its shareholders to foster the continuous employment of its key management personnel and that of its direct and indirect subsidiaries (collectively the “Cadmus Companies” or individually a “Cadmus Company”). In this connection, the Board of Directors of the Corporation (the “Board”) recognizes that the possibility of a change in control of the Corporation may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Corporation and its shareholders.

AMENDED AND RESTATED EMPLOYEE RETENTION AGREEMENT by and among THE DIME SAVINGS BANK OF WILLIAMSBURGH, DIME COMMUNITY BANCSHARES, INC. and TIMOTHY B. KING / MICHAEL PUCELLA made and entered into as of
Employee Retention Agreement • March 17th, 2009 • Dime Community Bancshares Inc • Savings institution, federally chartered • New York

This AMENDED AND RESTATED EMPLOYEE RETENTION AGREEMENT (“Agreement”) is made and entered into as of ________, 2008 by and among THE DIME SAVINGS BANK of WILLIAMSBURGH, a savings bank organized and operating under the federal laws of the United States and having its executive offices at 209 Havemeyer Street, Brooklyn, New York 11211 (“Bank”); DIME COMMUNITY BANCSHARES, INC., a business corporation organized and existing under the laws of the State of Delaware and having its executive offices at 209 Havemeyer Street, Brooklyn, New York 11211 (“Holding Company”); and Timothy B. King, an individual residing at __________________ (“Officer”)

SCICLONE PHARMACEUTICALS, INC. EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • March 9th, 2017 • Sciclone Pharmaceuticals Inc • Pharmaceutical preparations • California

This Employee Retention Agreement (the “Agreement”) is effective as of the October 24, 2016 by and between Name (“Employee”) and SciClone Pharmaceuticals, Inc., a Delaware corporation (the “Company”). For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets, or any subsidiary of the Company or its successor.

EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • May 23rd, 2006 • Hooper Holmes Inc • Services-misc health & allied services, nec • New Jersey

AGREEMENT by and between Hooper Holmes, Inc., a New York corporation (the “Company”), and Michael Shea (the “Employee”), dated as of the 23rd day of May, 2006.

SCICLONE PHARMACEUTICALS, INC. EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • November 9th, 2015 • Sciclone Pharmaceuticals Inc • Pharmaceutical preparations • California

This Employee Retention Agreement (the “Agreement”) is effective as of July 31, 2015, by and between Hong Zhao (“Employee”), SciClone Pharmaceuticals (China) Co., Ltd., a People’s Republic of China limited liability company, and SciClone Pharmaceuticals, Inc., a Delaware corporation (together, the “Company”). For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets, or any subsidiary of the Company or its successor.

EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • February 29th, 2024 • Public Service Co of New Mexico • Electric & other services combined • New Mexico

THIS AGREEMENT is entered into by and between PNMR Services Company (the “Company”) and Patricia K. Collawn (the “Employee”) (each, a “Party” and collectively, the “Parties”) as of December 5, 2023 (the “Effective Date”).

Employee Retention Agreement
Employee Retention Agreement • August 30th, 2017 • Analog Devices Inc • Semiconductors & related devices • Massachusetts

Analog Devices, Inc. (the “Company”) recognizes that, as is the case with many publicly‑held corporations, the possibility of a change in control may exist and that such possibility, and the uncertainty and questions which it may raise among key personnel, may result in the departure or distraction of key personnel to the detriment of the Company, its stockholders and its customers.

Modification of Employee Retention Agreement
Employee Retention Agreement • March 17th, 2009 • Dime Community Bancshares Inc • Savings institution, federally chartered

This Modification of Employee Retention Agreement (“Modification”) is made and entered into as of December 31, 2008 by and among The Dime Savings Bank of Williamsburgh, a savings bank organized and operating under the federal laws of the United States and having its executive offices at 209 Havemeyer Street, Brooklyn, New York 11211 (“Bank”); Dime Community Bancshares, Inc., a business corporation organized and existing under the laws of the State of Delaware and having its executive offices at 209 Havemeyer Street, Brooklyn, New York 11211 (“Holding Company”); and ___________________, an individual residing at _______________ ___________________________ (“Officer”).

PENNICHUCK CORPORATION EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • November 14th, 2006 • Pennichuck Corp • Water supply • New Hampshire

THIS EMPLOYEE RETENTION AGREEMENT is entered into on this 3rd day of October, 2006, by and between Pennichuck Corporation (the "Company"), a New Hampshire corporation with a principal place of business at 25 Manchester St., Merrimack, New Hampshire and Donald L. Ware, of Merrimack, New Hampshire ("Employee"), an Employee of the Company.

Re: Employee Retention Agreement
Employee Retention Agreement • April 22nd, 2008 • Exact Sciences Corp • Services-commercial physical & biological research • Massachusetts

This letter agreement (the “Agreement”) amends and restates the terms of the Employee Retention Agreement dated as of October 23, 2006, by and between EXACT Sciences Corporation, a Delaware corporation (“EXACT” or the “Company”), and you as set forth below. This Agreement will confirm the terms of certain payments and benefits due to you by the Company in the event your employment is terminated pursuant to Section 1 herein and with respect to the occurrence of a Business Event (as defined below).

Draft Model Agreement as of August 26, 2011 EMPLOYEE RETENTION AGREEMENT by and among THE DIME SAVINGS BANK OF WILLIAMSBURGH, DIME COMMUNITY BANCSHARES, INC. and made and entered into as of
Employee Retention Agreement • May 9th, 2012 • Dime Community Bancshares Inc • Savings institution, federally chartered • New York

This EMPLOYEE RETENTION AGREEMENT (“Agreement”) is made and entered into as of ___________ by and among THE DIME SAVINGS BANK of WILLIAMSBURGH, a savings bank organized and operating under the federal laws of the United States and having its executive offices at 209 Havemeyer Street, Brooklyn, New York 11211 (“Bank”); DIME COMMUNITY BANCSHARES, INC., a business corporation organized and existing under the laws of the State of Delaware and having its executive offices at 209 Havemeyer Street, Brooklyn, New York 11211 (“Holding Company”); and ____________, an individual residing at _______________________________(“Officer”).

Re: Employee Retention Agreement
Employee Retention Agreement • November 9th, 2006 • Exact Sciences Corp • Services-commercial physical & biological research

This letter agreement (“Agreement”) will confirm the terms of severance payments due to you by EXACT Sciences Corporation (“EXACT” or the “Company”) under the circumstances described below.

Dear [ ]: As a key employee of IBERIABANK Corporation (the “Corporation” and, together with IBERIABANK and its other affiliates from time to time, the “Bank”), you are aware that the Corporation is contemplating entering into a definitive merger...
Employee Retention Agreement • February 25th, 2021 • First Horizon Corp • National commercial banks • Louisiana

This Agreement is personal to you and it is a condition to your receipt of any of the amounts herein that you keep them confidential and do not discuss these terms with anyone other than myself, Human Resources, Legal or our CEO, and in confidence, your spouse or partner, financial and/or legal advisor, each of whom will also be under an obligation to keep these amounts and terms confidential (unless the terms of this Agreement are otherwise publicly disclosed by the Bank). Capitalized terms used in this Agreement (but not defined in this Agreement) shall have the respective meanings assigned such terms in your CIC Severance Agreement (as defined below).

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EX-10.14 16 dex1014.htm EMPLOYEE RETENTION AGREEMENT GREAT WHITE ENERGY SERVICES LLC EMPLOYEE RETENTION AGREEMENT CONFIDENTIAL
Employee Retention Agreement • May 5th, 2020 • Oklahoma

This Employee Retention Agreement (“Agreement”) is made and entered into between Great White Energy Services LLC, a Delaware limited liability company (“Great White”), and Phillip G. Lancaster (“Employee”) effective as of August 16, 2010 (the “Effective Date”).

Tom Vogel Logan’s Roadhouse, Inc. Nashville, Tennessee 37204 Re: Employee Retention Agreement Dear Tom:
Employee Retention Agreement • March 17th, 2006 • CBRL Group Inc • Retail-eating places • Tennessee

The Board of Directors of Logan’s Roadhouse, Inc. or its successor (the “Company”) recognizes the contribution that you have made to the Company and wishes to ensure your continuing commitment to the Company and its business operations. Accordingly, in exchange for your continuing commitment to the Company, and your energetic focus on continually improving operations, the Company promises you the following benefits if your employment with the Company is terminated in certain circumstances:

FIRST AMENDMENT TO EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • February 28th, 2023 • Public Service Co of New Mexico • Electric & other services combined

PNMR Services Company (the “Company”) and Elisabeth Eden (the “Employee”) entered into an Employee Retention Agreement (the “Agreement”) effective December 1, 2020 in connection with the transaction contemplated by the Agreement and Plan of Merger, dated as of October 20, 2020, by and among Avangrid, Inc., NM Green Holdings, Inc. and PNM Resources, Inc. (the “Transaction”). On December 8, 2021, the New Mexico Public Regulation Commission rejected the Transaction. By this instrument, the Company and the Employee desire to amend the terms and conditions of the Agreement as set forth below.

AMENDED AND RESTATED EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • January 4th, 2008 • National Interstate CORP • Fire, marine & casualty insurance • Ohio

This Agreement is between National Interstate Insurance Agency, Inc. (“Corporation”) and David W. Michelson, a key employee and executive of the Corporation, (“Executive”).

HELIX TECHNOLOGY CORPORATION EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • April 29th, 2005 • Helix Technology Corp • Special industry machinery, nec • Massachusetts

THIS EMPLOYEE RETENTION AGREEMENT by and between HELIX TECHNOLOGY CORPORATION, a Delaware corporation (the "Company"), and PAUL KAWA (the "Employee") is made as of March 10, 2005 (the "Effective Date"). WHEREAS, the Company and the Employee desire to enter into this Agreement to reinforce and encourage the continued employment of the Employee by the Company. NOW, THEREFORE, in consideration of the mutual covenants and obligations contained herein and as an inducement for and in consideration of the Employee remaining in its employ, the parties, subject to the terms and conditions set forth herein, agree as follows:

First Federal Savings Bank of Iowa Amended And Restated Employee Retention Agreement
Employee Retention Agreement • December 20th, 2007 • North Central Bancshares Inc • Savings institution, federally chartered • Iowa

This Agreement is made effective as of December 14, 2007 by and between First Federal Savings Bank of Iowa, a federally chartered savings institution, with its principal administrative office at 825 Central Avenue, Fort Dodge, Iowa 50501 (the "Bank"), and Kirk A. Yung (the "Executive").

January 3, 2011 Mr. Lawrence E. Hyatt Franklin, TN 37067 Re: Employee Retention Agreement Dear Larry:
Employee Retention Agreement • December 17th, 2010 • Cracker Barrel Old Country Store, Inc • Retail-eating places • Tennessee

The Board of Directors of Cracker Barrel Old Country Store, Inc. recognizes the contribution that you will make to Cracker Barrel Old Country Store, Inc. or one of its direct or indirect subsidiaries (collectively, the "Company") and wishes to ensure your continuing commitment to the Company and its business operations. Accordingly, in exchange for your continuing commitment to the Company, and your energetic focus on continually improving operations, the Company promises you the following benefits if your employment with the Company is terminated in certain circumstances:

February 24, 1998
Employee Retention Agreement • March 30th, 1998 • Ionics Inc • Special industry machinery, nec • Massachusetts
EMPLOYEE RETENTION AGREEMENT
Employee Retention Agreement • February 29th, 2024 • Public Service Co of New Mexico • Electric & other services combined • New Mexico

THIS AGREEMENT is entered into by and between PNMR Services Company (the “Company”) and Joseph D. Tarry (the “Employee”) (each, a “Party” and collectively, the “Parties”) as of December 4, 2023 (the “Effective Date”).

Contract
Employee Retention Agreement • June 21st, 2010 • Herley Industries Inc /New • Search, detection, navagation, guidance, aeronautical sys
Amendment to Employee Retention Agreement
Employee Retention Agreement • April 12th, 2002 • Liberate Technologies • Services-prepackaged software

The Employee Retention Agreement between Liberate Technologies and David A. Limp dated January 9, 2001 (“the Agreement”), is hereby amended as follows, effective February 20, 2002:

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