While the country scrutinizes bonuses given to corporate executives of failing companies during the economic slump, employee retention agreements for merging successful companies fly under the radar. The employee retention agreements for San Francisco’s Genentech Inc. executives stands to garner top level employees over $18 million should the deal be finalized by June 2010.

Consistent  customer of the government bailout, AIG stands to give $160 million of the $170 billion dollar bailout funding to high ranking executives in line with their employee retention agreements. After the Obama administration puored over the AIG employment retention agreements, they were upset to find they the payments were indeed legally binding and have to stand aside while AIG execs who had mighty roles in the financial crisis walk away with millions.

As the security of an employee retention agreement has been well tested and prevailed, employees of many companies and corporations are looking to solidify their contracts. As these employee retention agreements are drafted, amended and restated, they are often also released to the public via online legal document resources such as RealDealDocs.com.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com.
SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

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