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 ?
GOLDEN boot winner Shaun Johnson will not tour England with New Zealand in the autumn after having his season ended by injury.
THE Oliver McKiernan-trained Golden Boot didn't look straight-forward when beaten a length by Captain Von Trappe in a three-mile maiden at Naas last time.
MADRID: Real Madrid star Cristiano Ronaldo admitted Tuesday he felt no satisfaction despite winning a record fourth Golden Boot as the top scorer in Europe's domestic leagues last season.
The Golden Boot being presented by Santosh Pai, Saikat Mishra (GM of Landmark Group, Qatar), Raj Gopal (marketing manager) and other Emax officials.
On most occasions it is the forwards, who get the Golden Boot.
Vydra, who scored 22 goals for Watford last season, is 150/1 to win the Golden Boot with the same firm.
Dubai: Al Ahli striker Grafite hopes to beat Al Ain's Asamoah Gyan to the golden boot in the forthcoming Arabian Gulf League season after two years of trying.
ALVARO NEGREDO became Manchester City's third bigmoney signing under Manuel Pellegrini and BetVictor rate the Spanish hitman 25-1 to win the Premier League's Golden Boot in his debut campaign, writes Mark Langdon.
Summary: Daniel Sturridge is keen to help his fellow Liverpool frontman Luis Suarez secure this season's Barclays Premier League Golden Boot award.
FORMER England skipper Jamie Peacock has fired back at the Aussies who blasted Kevin Sinfield's Golden Boot award.
Manager Mark Jones and his newly-appointed assistant, the former Cardiff City defender Scott Young, are keen to add the seven-times Welsh Premier Golden Boot winner Griffiths to their squad.
The Kiwi (pictured below) has now amassed a total of 508 points in his 48 league games for the club, having won the Golden Boot during both of his seasons at Kingston Park.