Part B: Voluntary Turnover Reduction Program

Senior management has told you to stop all voluntary turnover going forward.

They have told you that all specialized employees are to receive one$-$time extra "retention" bonuses outlined as follows:

A$)$ Cash Value of Common Shares

Each employee who has either Level $1$ or Level $2$ security clearance, will receive $$26000$ of company stock issued as common shares.

B$)$ A cash bonus paid immediately based on the employee's performance rating from the previous year and their tenure $($years of service$).$

NOTE: This will be paid ONLY to Level $2$ security clearance employees based on the table below.

Bonus for Level $2$ Security Clearance Employees ONLY $-$ Extra percent of their yearly salary

Tenure Description

Employees with less than $5$ years

Employees with more than $5$ years and less than $10$ years

Employees with more than $10$ years and less than $20$ years

Performance Rating

$2$

$20\%$

$25\%$

$30\%$

$35\%$

$40\%$

$3$

Tenure

$0$

$5$

$10$

$20$

$30$

$1$

$0\%$

$5\%$

$10\%$

$15\%$

$20\%$

$4$

$40\%$

$60\%$

Employees with more than $20$ years and less than $30$ years

Employees with $30$ years or more

$45\%$

$65\%$

$70\%$

$50\%$

$55\%$

$75\%$

$60\%$

$80$