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)


Slide titles:



Post-Merger Staffing and Retention

Agenda

Meeting Objectives

Meeting Objectives (cont.)

Timing of Announcement of Job Status to all Employees

Timing Dependencies

Timing of Announcement of Tier 1 Org. 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

Org. Design, Staffing, and Retention Interdependencies

Interview Process

Transition Agreements

Severance

Reductions in Force

Staffing Q&A

Staffing Q&A

Staffing Q&A

Staffing Q&A

Staffing Deliverables