golden handcuffs

(redirected from Golden speedcuffs)
Also found in: Dictionary, Wikipedia.

Golden handcuffs

A contract that binds a broker to a brokerage firm by offering the broker commissions and bonuses, but penalizes the broker if he or she goes to work for another firm.

Golden Handcuffs

An incentive that makes it very unlikely that an employee will leave a company. For example, an employer may offer an exceptionally good health insurance policy at a reduced cost to an employee. The term has a slightly negative connotation because some believe these incentives reduce innovation in an economy.

golden handcuffs

A lucrative incentive offered to a firm's executive in order either to keep him or her from moving to a job at another company or to buy the executive's longer-term cooperation after departure.