Golden Handcuff

Definition: a Golden Handcuff is a form of employee benefits or executive compensation, in which a (substantial) bonus is built into an executive's contract, subject to continuous employment for a certain number of years.
In case of leaving the employment premature there would be substantial financial penalties or the entire amount may have to be repaid.

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More on compensation and benefits: Broadbanding, Competency-based Pay, Efficiency Wage, Employee Benefits, Equity-based Compensation, more on compensation and benefits...

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