Sometimes these golden handshakes are for millions of dollars, which makes them a very important issue for investors to consider. For example in 1989, R.J. Reynolds Tobacco-Nabisco paid F. Ross Johnson over $53 million as part of a golden handshake clause severance compensation. Some contracts, along with compensation, include non-competition clauses that state that once employment is terminated the employee is not allowed to open a competing business for a specified period of time.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
golden handshake — Also known as a golden parachute. Financial benefits provided to employees (usually senior employees or directors) on leaving their employer. Such provisions may be: • A long fixed term contract giving rise to damages in the event of early… … Law dictionary
golden handshake — A golden handshake is a payment made to someone to get them to leave their job … The small dictionary of idiomes
golden handshake — golden handshakes N COUNT A golden handshake is a large sum of money that a company gives to an employee when he or she leaves, as a reward for long service or good work … English dictionary
golden handshake — n BrE a large amount of money given to someone when they leave their job … Dictionary of contemporary English
golden handshake — noun count BUSINESS a large amount of money given to a senior manager in a company when they leave their job … Usage of the words and phrases in modern English
golden handshake — ► NOUN informal ▪ a payment given to someone who is made redundant or retires early … English terms dictionary
golden handshake — n. Informal payment offered to induce an employee to retire early … English World dictionary
golden handshake — A large payment to a senior employee who is forced into retirement or fired as a result of a takeover or similar development. Bloomberg Financial Dictionary * * * golden handshake ˌgolden ˈhandshake also handshake noun [countable] HUMAN RESOURCES … Financial and business terms
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 his or her job through firing, restructuring, or even scheduled retirement.… … Wikipedia
golden handshake — UK / US noun [countable] Word forms golden handshake : singular golden handshake plural golden handshakes business a large amount of money given to a senior manager in a company when they leave their job … English dictionary