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.

More on golden handcuffs.
More on compensation and benefits: Broadbanding, Competency-based Pay, Employee Benefits, Executive Compensation, Golden Handshake, more...

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