Golden HandshakeKnowledge Center |
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Here we exchange knowledge and experiences in the field of Golden Handshake.
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What is a Golden Handshake?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.
Compare with: Golden Handcuff | Golden Hello | Golden Parachute | Employee Stock Ownership Plan | Employee Stock Options | Phantom Stock Plan | Incentives |
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