Transaction Bonus Agreements are essential instruments in corporate transactions under Austrian law, designed to retain and motivate key employees during critical business events such as mergers, acquisitions, or significant corporate restructurings. These agreements are particularly important when companies need to ensure business continuity and maintain key personnel throughout a transaction process. The Transaction Bonus Agreement specifies the conditions for bonus payment, typically tied to both the successful completion of the transaction and the employee's continued employment. It must comply with Austrian employment law, tax regulations, and social security requirements, while also considering works council rights where applicable. The document is commonly used during M&A activities, IPOs, or other significant corporate events where retaining key employees is crucial for transaction success.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the employer company and the employee
2. Background: Context of the agreement, including reference to employment relationship and potential transaction
3. Definitions: Key terms including 'Transaction', 'Closing Date', 'Transaction Bonus', and other relevant defined terms
4. Transaction Bonus Amount: Specification of the bonus amount or calculation method
5. Bonus Conditions: Conditions that must be met for the bonus to become payable, including transaction completion and continued employment
6. Payment Terms: Timing and method of bonus payment, including any installments
7. Tax and Social Security: Treatment of statutory deductions and responsibility for payments
8. Confidentiality: Obligations regarding confidentiality of the agreement and transaction details
9. Governing Law and Jurisdiction: Specification of Austrian law and competent courts
1. Clawback Provisions: Optional provisions for reclaiming the bonus under specific circumstances, recommended for higher value bonuses
2. Non-Competition: Additional restrictions on post-payment competition, relevant for senior employees
3. Integration with Employment Agreement: Specific provisions about how this agreement relates to existing employment terms, relevant if modifying existing arrangements
4. Currency Conversion: Required if transaction and bonus payments are in different currencies
5. Works Council Approval: Reference to works council approval if required under Austrian law for the specific case
6. Multiple Transaction Scenarios: Additional provisions for cases where multiple transaction scenarios might trigger the bonus
1. Bonus Calculation: Detailed formula or methodology for calculating the bonus amount, particularly if complex
2. Transaction Definition: Detailed description of qualifying transaction scenarios
3. Payment Timeline: Detailed schedule of payment dates and conditions if paid in installments
4. Existing Employment Terms: Summary of relevant existing employment terms that interact with the bonus agreement
Find the exact document you need
Deferred Compensation Agreement
An Austrian law-governed agreement establishing terms for deferring employee compensation, including vesting conditions and payment terms.
Download
Deferred Compensation Contract
An Austrian law-governed agreement establishing terms for deferring employee compensation to future dates, including payment terms and tax implications.
Download
Simple Compensation Agreement
An Austrian law-governed agreement establishing compensation terms and payment arrangements between parties, compliant with ABGB requirements.
Download
Transaction Bonus Agreement
An Austrian law-governed agreement establishing terms for a transaction-related bonus payment between employer and employee, including payment conditions and compliance requirements.
Download
Severance Payment Agreement
An Austrian law-governed agreement documenting severance payment terms and conditions between employer and employee upon employment termination.
Download
Commission Pay Agreement
An Austrian law-compliant agreement establishing commission-based compensation terms between employer and employee, including payment structure and performance criteria.
Download
Deferred Salary Agreement
An Austrian law-governed agreement establishing terms for deferring employee salary payments to future dates.
Download
Retention Bonus Agreement
An Austrian law-compliant agreement establishing terms for payment of a retention bonus to retain key employees.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)