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 ?
Treasured Frank Worthington shows off his prized Adidas Golden Boot
THE Premier League factor means value-seeking punters should head lower down the lists to find a worthwhile Golden Boot wager, writes Mark Langdon.
Chelsea's leading goalscorer Didier Drogba insists winning the Golden Boot in Europe this season would mean nothing if Chelsea fail to claim the Premiership title for a third successive season.
Rooney to win European Golden Boot before he is 21 25-17
The present group of Pioneers are in town to receive the prestigious Golden Boot award Saturday night.
SAMBA stars Rivaldo and Ronaldo are determined to go head-to-head in a bid to land the coveted Golden Boot.
THE prized Junior Bluebirds Golden Boot award has been handed over to its latest proud owner - homegrown City star Scott Young.
GOLDEN Boot winner Johnathan Thurston has pulled out of the traditional NRL All Stars season curtain raiser to ensure his fitness for the World Club Challenge.
RPSPORT recommended Izale McLeod for the Golden Boot at the start of the season and the Barnet striker is handily placed on 14 goals, a terrific effort in a struggling side.
GREAT BRITAIN captain Andy Farrell became only the second British winner of the coveted Golden Boot -- but insisted he would gladly swop it for a Tri-Nations winners' medal.
Tracy Lansing of Harvard-Westlake High of Studio City won the Golden Boot MVP award.
His double strike ensured he beat Jimmy Floyd Hasselbaink, Ruud van Nistelrooy and Alan Shearer to win the Golden Boot.