friends, what is GOLDEN HANDSHAKE in the Terms of HR? can any one help me on this.... Jigal KM
From India, Bangalore
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From India, Bangalore
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Golden Handshake
From Wikipedia, the free encyclopedia
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options.
Typically, "golden handshakes" are offered only to high-ranking executives by major corporations and may entail a value measured in millions of dollars. Golden handshakes are given to offset the risk inherent in taking the new job, since high-ranking executives have a high likelihood of being fired and since a company requiring an outsider to come in at such a high level may be in a precarious financial position. Their use has caused some investors concern since they do not specify that the executive had to perform well. In some high-profile instances, executives cashed in their stock options, while under their stewardship their companies lost millions of dollars and thousands of workers were laid off.
From India, Delhi
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14From Wikipedia, the free encyclopedia
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options.
Typically, "golden handshakes" are offered only to high-ranking executives by major corporations and may entail a value measured in millions of dollars. Golden handshakes are given to offset the risk inherent in taking the new job, since high-ranking executives have a high likelihood of being fired and since a company requiring an outsider to come in at such a high level may be in a precarious financial position. Their use has caused some investors concern since they do not specify that the executive had to perform well. In some high-profile instances, executives cashed in their stock options, while under their stewardship their companies lost millions of dollars and thousands of workers were laid off.
From India, Delhi
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This was really informative, a very useful post to add up in this.
Source: Internet
A golden handshake is a hefty severance package offered to senior executives and other high-ranking employees. Often, the terms of a golden handshake are included in a hiring contract and are viewed as insurance against sudden or involuntary job termination. A golden handshake may also be offered to an employee to encourage him or her
From India, Coimbatore
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Source: Internet
A golden handshake is a hefty severance package offered to senior executives and other high-ranking employees. Often, the terms of a golden handshake are included in a hiring contract and are viewed as insurance against sudden or involuntary job termination. A golden handshake may also be offered to an employee to encourage him or her
From India, Coimbatore
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A golden handshake-CiteH R.doc
Key features of employment contracts.pdf