Definition: a Golden Handshake is a form of employee benefits or executive compensation, wherein a large payment made by a company to a senior executive is done upon termination of employment (retirement) before his/her contract ends. |
More on compensation and benefits: Broadbanding, Competency-based Pay, Efficiency Wage, Employee Benefits, Equity-based Compensation, more on compensation and benefits... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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