Golden handshake
![]() ![]() ![]() ![]() | |
---|---|
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement.[1] This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options. According to Investopedia, a golden handshake is similar to, but more generous than a golden parachute because it not only provides monetary compensation and/or stock options at the termination of employment, but also includes the same severance packages executives would get at retirement.[2]
Related Document
Title | Type | Publication date | Author(s) | Description |
---|---|---|---|---|
Document:Labour ‘gagging orders’ put in place by McNicol – and gave hundreds of £1000s to allies | Article | 16 July 2019 | Shadow Cabinet learns ‘non-disclosure agreements’ on disaffected ex-staff appearing on Panorama and talking to media were authorised by former General Secretary Iain McNicol – and enriched staff (considered to be his anti-Corbyn allies) by hundreds of thousands of pounds |
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.
References
![Wikipedia.png](/w/images/thumb/1/12/Wikipedia.png/40px-Wikipedia.png)
Wikipedia is not affiliated with Wikispooks. Original page source here