Golden handshake
From BullSpeak
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Definition
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. See also Golden parachute
Examples
Related BullSpeak Terms
What Would Robin Williams Say?
Gold finger would envy a whole hand made of gold!
