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A contract that binds a broker to a brokerage firm by offering the broker commissions and bonuses, but penalizes the broker if he or she goes to work for another firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A lucrative incentive offered to a firm's executive in order either to keep him or her from moving to a job at another company or to buy the executive's longer-term cooperation after departure.
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.