Bonus for Contract Employees

Alan Rosen ASKED

We are looking at hiring a contract employee to be a project manager for a large project that will take 3 - 4 years. We would like to offer some sort of incentive for the person to try and finish the project on time and on budget (earlier and cheaper is even better). But we want to have something in their contract that incentivizes the person to remain through the entire project and to make the project successful. Do you have any examples of contracts with contract employees for project management that include bonuses or incentives? Please share. Thanks

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