golden handcuffs

Also found in: Dictionary, Idioms, Wikipedia.

Golden handcuffs

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.

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 handcuffs

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.
References in periodicals archive ?
GORDON RAMSAY has signed a four-year golden handcuffs deal with Channel 4.
Generally, golden handcuffs prevent the executive from taking plan benefits until he or she has worked for the company for a specified amount of time.
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.
But amid fears Sunderland may follow up their tentative interest, Watford owner Gino Pozzo and chief executive Scott Duxbury have moved to apply golden handcuffs to the Golden Boys' head coach.
CORONATION Street favourite Antony Cotton has signed a six-figure golden handcuffs deal to keep him on the cobbles until 2013.
CORRIE babe Michelle Keegan is celebrating "the best year of my life" after agreeing a lucrative golden handcuffs contract with ITV to stay on the cobbles for at least another year.
COUNCIL boss Mark Henderson is quitting his job six months after signing a golden handcuffs deal.
Which TV presenter has signed a two-year golden handcuffs deal with ITV?