Golden boot compensation, also known as the 'Golden Boot', is an inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement.
Famous quotes containing the words golden, boot and/or compensation:
“The Maiden caught me in the Wild,
Where I was dancing merrily;
She put me into her Cabinet
And Lock’d me up with a golden Key.”
—William Blake (1757–1827)
“The best quality tea must have creases like the leathern boot of Tartar horsemen, curl like the dewlap of a mighty bullock, unfold like a mist rising out of a ravine, gleam like a lake touched by a zephyr, and be wet and soft like a fine earth newly swept by rain.”
—Lu Yu (d. 804)
“Senators and presidents have climbed so high with pain enough, not because they think the place specially agreeable, but as an apology for real worth, and to vindicate their manhood in our eyes. This conspicuous chair is their compensation to themselves for being of a poor, cold, hard nature.”
—Ralph Waldo Emerson (1803–1882)