Employee Retention Bonus Agreement Template for Saudi Arabia

1. Confidentiality: Requirements for keeping the bonus terms confidential, used when bonus information is sensitive

2. Tax Treatment: Detailed provisions about tax handling, especially relevant for high-value bonuses or international employees

3. Currency and Exchange Rates: Provisions for handling currency conversion, relevant for international employees or multi-currency payments

4. Non-Competition: Additional restrictions on employee's post-employment activities, used when protecting company interests is crucial

5. Dispute Resolution: Specific procedures for handling disputes, including potential arbitration, used in high-value agreements

6. Force Majeure: Provisions for handling unexpected events affecting the agreement, relevant in uncertain business environments

7. Related Benefits: Treatment of other benefits or incentives in relation to the retention bonus, used when multiple incentive schemes exist

1. Schedule 1 - Bonus Calculation: Detailed formula or methodology for calculating the retention bonus amount

2. Schedule 2 - Payment Schedule: Breakdown of payment dates and amounts if paid in installments

3. Schedule 3 - Performance Metrics: Specific performance criteria if bonus payment is partially performance-based

4. Appendix A - Key Definitions: Extended definitions of technical terms or complex concepts

5. Appendix B - Summary of Employment Terms: Reference to relevant terms from the main employment contract that affect the bonus