In what could be an embarrassing blow to Xstrata's board, however, investors could reject a separate 140 mln pound ($223 mln) "
golden handcuffs" retention plan for Xstrata managers.
M&A: Glencore eyes finish line in marathon Xstrata deal
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Golden handcuffs. When an employer pays a cash bonus, there is no guarantee the executive will remain with the company.
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Aggregate chief executive Peter Tom together with Bill Bolsover, John Bowater and James Retallack, stand to share bonuses totalling pounds 3.55 million in a '
golden handcuffs' deal to keep them in post for at least two years after the merger.
US approves Holcim's pounds 1.8b deal
Mr Skellett patiently explained that the money was part of a '
golden handcuffs' deal to keep him in his post so that he could oversee the new owners' business plans.
GEORGE TYNDALE'S COLUMN: COPS ARE DRAMA QUEENS
Patton referred to this phenomenon as "
golden handcuffs," whereby a broker working on, for example, an 800,000-SF lease isn't likely to break from his firm until the lease is signed (and his commission is paid out.)
Weak leasing spurs broker shuffle
I would like to correct some of the misleading statements in the article, "Loosening the
Golden Handcuffs," which appeared in the July/August edition of The Washington Monthly.
Letters
Ordinarily used in addition to such plans, a
golden handcuffs agreement offers post-employment bonus payments to the association executive as an inducement to remain employed by the association for an extended period of time, hence handcuffing him or her to the position until a designated time.
End-of-Employment Severance Agreements
During a corporate slump, repricing options can be an effective and inexpensive means of providing employees with incentives and keeping their
golden handcuffs secure.
Accounting treatment of option plans
* Create "
golden handcuffs" by proportionately increasing benefits for additional years of service, thus providing a financial incentive for valued executives to remain with the company.
"SERPs" up: retirement benefits for senior executives; why supplemental plans for top management are an increasing important part of compensation packages
KATIE Piper could take over as the host of The Great British Bake Off after she revealed that she has a two-year
golden handcuffs deal with Channel 4.
Piper hot prospect with C4 tie-in
Campaign director for the Taxpayers' Alliance Robert Oxley supports the moves to get back the cash, saying Mr Prince taking on the role for nearly PS26,000 less shows the "
golden handcuffs" were unnecessary.
Police chiefs face returning bonuses
He said it was a "golden carrot" rather than a "
golden handcuffs" arrangement, because the directors were still free to leave.
SPAT CONTROLLERS; Union attack 'golden carrot' for rail bosses
SO-CALLED "
golden handcuffs" payments topping pounds 720,000 were paid to staff at the region's now closed regional development agency.
Staff received thousands at doomed RDA
CORONATION Street favourite Antony Cotton has signed a six-figure
golden handcuffs deal to keep him on the cobbles until 2013.
Cotton is cuffed to Corrie
CORRIE babe Michelle Keegan is celebrating "the best year of my life" after agreeing a lucrative
golden handcuffs contract with ITV to stay on the cobbles for at least another year.
Corrie star set to sign golden deal