The Golden Handcuff PlanTM

How to lock in your key employees with a vested bonus arrangement.

Before you offer another “good guy bonus” (I’m a good guy, you’re a good guy, we had a good year, here is a bonus), consider an arrangement where you put tax-deductible money into a plan for your key executives and if they leave your employment, they have to pay you back. 

The essential elements of The Golden Handcuff Plan™ include:

  • Identify which employees you want to lock in with golden handcuffs.
  • Decide how much money to want to commit to the plan.
  • Set the length of the vesting period to conform with your goals.
  • Consider revising key employee non-compete agreements at the same time.
  • Note this strategy works well in conjunction with a management buy-out plan.

Please fill out the contact form below if you’d like to talk about creating a key employee retention plan for the key employees in your business.   

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