Golden Handshake

Knowledge Center

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.

Forum - Golden Handshake   Discussions about Golden Handshake. 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. (...)

Resources - Golden Handshake Here you find powerpoint presentations, micro-learning videos and further information sources. Executive Compensation: Risk Factors and Ways to Manage Them Executive Compensation, Performance Management, Corporate Governance (...)

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

Return to Management Hub: Human Resources  |  Leadership

More on Management  |  Return to Management Dictionary  | 

This ends our Golden Handshake summary and forum.