golden handcuff


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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 handcuff

a form of BONUS PAYMENT (cash or share allocation) made to retain key staff. Bonuses are not paid out immediately but at some set future date provided the person is still working for the firm.

golden handcuff

a ‘loyalty'bonus payment made to a director or worker of a company in order to induce him or her to remain with the business and resist attempts by other companies to be ‘poached’.
References in periodicals archive ?
Golden handcuff : A deferred cash and/or stock payment that is hoped will keep the individual from leaving the company.
The 34-year-old actress' three-year golden handcuffs deal, which was drawn up when she was hosting the breakfast show alongside Adrian Chiles, runs out this summer.
GOLDEN HANDCUFFS Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date.
has signed a six-figure golden handcuffs deal to keep him on the cobbles until 2013.
In the Golden Handcuffs concept, the employer is the owner, beneficiary, and the premium payer of a whole life insurance policy on a key employee's life, in which they have an insurable interest.
Simon's pounds 20m golden handcuffs deal with ITV is set to expire in December.
What I said was I felt golden handcuffs have to be put on the next Scotland manager," he said.
GORDON RAMSAY has signed a four-year golden handcuffs deal with Channel 4.
I would like to correct some of the misleading statements in the article, "Loosening the Golden Handcuffs," which appeared in the July/August edition of The Washington Monthly.
Ordinarily used in addition to such plans, a golden handcuffs agreement offers post-employment bonus payments to the association executive as an inducement to remain employed by the association for an extended period of time, hence handcuffing him or her to the position until a designated time.
During a corporate slump, repricing options can be an effective and inexpensive means of providing employees with incentives and keeping their golden handcuffs secure.
The contract amounts to ``huge golden handcuffs,'' said Disney director Raymond L.