Definition Golden Handshake. Description.
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...
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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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Special Interest Group Leader
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