What is a golden handshake or parachute?
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golden handshake is similar to, but more generous than a golden parachute because it not only provides monetary compensation and/or stock options at the termination of employment, it also includes the same severance packages executives would get at retirement.
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Golden handshakes are upgraded versions of the golden parachute. They include better incentives and cover a lot more scenarios unlike the golden parachute where incentives are given only in the case of a merger or acquisition. ... These incentives range from stock options, compensation, severance package, equity, etc.
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