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Golden Boot

   Also found in: Wikipedia 0.01 sec.
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.


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Five players who will take part in Saturday's Four Nations final between England and Australia are on the six-man shortlist to win the Golden Boot player of the year award.
However, Ronaldo told Portuguese television station RTP, while at the Golden Boot ceremony being honoured as Europe's most prolific marksman last season: "I don't see myself leaving Manchester United for Manchester City.
Byline: By Mark Langdon THERE is a month to go until the start of the domestic football season and Paddy Power and Bet365 have kicked-off the countdown by offering prices on the Premier League and Championship Golden Boot markets.
 
 
 
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