Golden Handshake scheme for Voluntary Retirement - General Economics & Indian Economy
Q. Golden Handshake scheme is related to - Published on 10 Jul 15a. Public Private Partnership
b. Sustainable Development
c. Scientific Collaboration
d. Voluntary Retirement
ANSWER: Voluntary Retirement
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.
