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:
“Fair Hope! our earlier Heaven! by thee
Young Time is taster to Eternity.
The generous wine with age grows strong, not sour,
Nor need we kill thy fruit to smell thy flower.
Thy golden head never hangs down
Till in the lap of Love’s full noon
It falls and dies: Oh no, it melts away
As doth the dawn into the day,
As lumps of sugar lose themselves, and twine
Their subtle essence with the soul of wine.”
—Abraham Cowley (1618–1667)
“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)