Having watched competitors get burned after acquisitions, Chase Manhattan Corp. has turned to an unusual vesting arrangement to discourage key employees of Hambrecht & Quist Group from leaving the investment bank.

Daniel H. Case 3d, chairman and chief executive at Hambrecht, said a plan it has agreed to is notable because it would activate nonsalary compensation, such as stock options vesting, at the one-year anniversary of the merger. That is sooner than if there were no merger, but later than provided for in most merger deals.

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