What is a Golden Handshake? Meaning.
A Golden Handshake is a form of
Employee Benefits, wherein
a large payment made by a company to a senior executive is done upon termination
of employment (retirement) before his/her contract ends.
It is a clause in an executive employment contract that provides
the executive with a lucrative severance package in the event of their termination.
May include a continuation of salary, bonus and/or certain benefits and perquisites,
pension allowance, as well as accelerated vesting of stock options.
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Executive Compensation: Risk Factors and Ways to Manage Them Executive Compensation, Performance Management, Corporate Governance
Presentation about CEO compensation with special attention to dealing with risks and its influence on those packages. Th (...)
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Compare with: Golden
Handcuff | Golden
Hello | Golden
Parachute |
Employee Stock Ownership
Plan | Employee
Stock Options |
Phantom Stock Plan
| Incentives
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