Golden handshake
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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 |
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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 |
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References
This page imported content from Wikipedia on 16 July 2019.
Wikipedia is not affiliated with Wikispooks. Original page source here
Wikipedia is not affiliated with Wikispooks. Original page source here