Golden Handcuff

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Description of Golden Handcuff. Explanation.

 

Definition Golden Handcuff. Description.


A Golden Handcuff is a term built into a personís contract of service such that there would be substantial financial penalties in leaving that employment premature.


Alternatively there could be a substantial bonus built into that person's contract, subject to continuous employment for a certain number of years.


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Compare with: Golden Handshake  |  Golden Hello  |  Golden Parachute  |  Employee Stock Ownership Plan  |  Employee Stock Options  |  Phantom Stock Plan

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