Golden Handshake

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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 (...)

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