Liberal Dictionary English Dictionary
plural noun
- a series of raises, bonuses, etc., given at specified intervals or tied to length of employment so as to keep an executive from leaving the company.
pl n
- informal payments deferred over a number of years that induce a person to stay with a particular company or in a particular job
Financial benefits that an employee will lose upon resigning, as in The company’s presented all the middle managers with golden handcuffs, so they can’t afford to leave. This slangy business expression dates from the 1970s.