Hello Laura,

Yes we did a couple of years ago and it was an absolute success. It is a retention bonus calculated based on the annual performance bonus. The rules, more or less are:

· Your retention bank is calculated based on your annual performance bonus.
· Your annual on target bonus is set as a % of your base salary for 2020
· The companycontributes an additional 50% of your annual bonus into the bank.
· The retention bank contributions are paid in March of each year when performance bonus payments are made.
· The amount in your retention bank will accrue annually.
· After receiving three years of bonus payments, you may withdraw one third of the funds accrued in your retention bank
· Contributions will start from March 2021 and continue each year. You will be able to make your first withdrawal from March 2023 onwards.
· This scheme requires reauthorisation every three years.

If they leave the lose it, and every year they receive a third of the pot if that makes sense.

Feel free to contact me if you need more information.

KInd Regards

Gloria