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:
“But when the bowels of the earth were sought,
And men her golden entrails did espy,
This mischief then into the world was brought,
This framed the mint which coined our misery.
...
And thus began th’exordium of our woes,
The fatal dumb-show of our misery;
Here sprang the tree on which our mischief grows,
The dreary subject of world’s tragedy.”
—Michael Drayton (1563–1631)
“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)
“... the compensation for a death sentence is knowledge of the exact hour when one is to die. A great luxury, but one that is well earned.”
—Vladimir Nabokov (1899–1977)