Golden Handshake

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Summary

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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🔥 NEW Cases of Golden Handshakes. Examples
One famous case has been Carly Sneed Fiorina, who is said to have received $21 million + $19 million in stock in 2005. (...)
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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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