Post-Merger Staffing and Retention

Meeting Objectives

Discuss how all retention, severance, outplacement, transition and synergy-linked incentives will support the goal of engaging and motivating people to perform and behave appropriately through the transition period

Agenda

Meeting Objectives
Timing of Announcement of Job Status to All Employees
Timing Dependencies
Timing of Announcement of Tier 1 Organization Design and Staffing Decisions
Pre-Close Retention Incentives Acquirer
Severance for Acquirer Employees Post -Close
Post -Close Outplacement Services
Transition Incentives
Post -Close Incentives Linked to Synergies
Organization Design ,Staffing, and Retention Interdependencies
Interview Process
Transition Agreements
Severance
Reductions in Force
Staffing Q&A
Staffing Deliverables

Timing

Agree on a date when we can provide answers to all employees in the combined organization on their employment status (i.e., Close plus 30, 60, 90 days)

Group One: People who have jobs with the combined organization
Group Two: People who do not have jobs with the combined organization
Group Three: People who are needed temporarily through a specified transition period, but not permanently

Work backwards from that date to determine when Tier 1 org. design and staffing decisions must be made to support that decision, respecting the fact that certain hurdles must be cleared (i.e., shareholder vote, regulatory approval, or Close)