Related to golden parachutes, these are financial incentives designed to ensure that top-level executives do not terminate employment within a specified period as a result of a merger or acquisition. See also golden parachute.
Non-Qualified Deferred Compensation Plan that involves an agreement between employer and their key employees through which the key employees are paid supplemental retirement benefits if they meet certain conditions. The traditional use of such a plan is to motivate key employees to remain with the company until a certain age and encourage long-term employment relationships.
Financial incentives offered to key staff to persuade them to remain with an organization.
Golden handcuffs is a term that is sometimes used to refer to a salary continuation plan because of its ability to motivate participating executives to remain with his or her current organization.
This occurs when an employee is required to relinquish unvested stock when terminating his employment contract early.
a contract which makes it financially attractive to stay, but potentially financially unattractive to leave.
Golden handcuffs are an incentive given to existing employees in the hope that they will decide to stay with the company.