golden boot

(redirected from Golden Boots)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

golden boot

A lucrative financial package offered an employee who is being involuntarily terminated.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"To have a Golden Boot in the Euros, to have a Golden Boot - or should I say three Golden Boots - in the Premier League, then absolutely, why shouldn't you look at them?
Of those 28 Golden Boots, just 10 recipients also celebrated their team finishing top at the end of the season.
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.
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.
David Broughton, from Wrexham, yesterday won the first ever Ultimate Santa Golden Boots Award at the inaugural Guinness World Records Santathon.
BLYTH Spartans' goal machine Paul Brayson has targeted a hat-trick of Golden Boots - but will only be happy if the team make the Blue Square Bet North play-offs.
The club which has played more seasons of top flight football, played more matches, scored more goals (the only club currently to top 6,000)and still idolises a player known as the Golden Vision -Everton has also celebrated more golden boots than any other.
Every day and every night he has been thinking: 'If I get off to a good start, I've got a chance of winning the Golden Boot' - because that's the way a forward thinks.