golden boot

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Golden Boot

A lucrative severance package used to encourage an aging worker to voluntarily resign. The package may include cash and stock options, as well as equity in the company. Golden boots are most common when a company wishes to hire younger workers that may have skills that the older worker does not possess. It would cost the company money to retrain the older worker, and he/she may not learn the new skill as well. On the other hand, age discrimination laws may prevent the company from firing the older worker. The golden boot attempts to serve everyone's interest to the best of its ability. See also: Golden handshake.

golden boot

A lucrative financial package offered an employee who is being involuntarily terminated.
References in periodicals archive ?
Peppa Pig: The Golden Boots features the 15-minute Peppa special The Golden Boots in which the little pig can't find her boots on the very day she is looking forward to making an almighty splash in the Puddle Jump Competition.
THE Kidd with the golden boots is dreaming of a silver lining by setting up a potential Scottish Cup semi-final with his former club Celtic.
My shopping experience at Emax has always been enjoyable and I visited the Emax store in Othaim Mall, Hofuf to purchase a Laptop and filled a coupon to enter the Golden Boots Millionaire draw.
My shopping experience at Emax has always been enjoyable and I visited the Emax store in Barwa Plaza mall to purchase an Xbox for my child, whom I had promised to buy one if he cleared the exams, and filled a coupon to enter the Golden Boots Millionaire draw.
Rodriguez (right) is on the six-goal mark - a tally high enough to win eight of the last nine Golden Boots.
The Emax Golden Boots promotion for the 2014 Fifa World Cup has impacted our business very positively, increasing our footfall by 30 per cent compared to the previous month.
FORGET David Beckham - Birmingham schoolboy Matthew Cottrell sparkled in his golden boots when he stepped out onto the hallowed Wembley turf with England star Wayne Rooney.
But the only difference is these golden boots have a kitten heel.
David Broughton, from Wrexham, yesterday won the first ever Ultimate Santa Golden Boots Award at the inaugural Guinness World Records Santathon.
But, speaking at the launch of his new Golden Boots book and seven-part BBC TV series, the 38-year-old former Leicester City and English International said: "I turned them all down.
Often called the ``Academy Awards of the westerns,'' the Golden Boots benefit the 75-year-old Motion Picture & Television Fund, which provides Southern California's entertainment community with health care and child care, retirement and other charitable services.