Betekenis van:
golden years
golden years
Zelfstandig naamwoord
- the time of life after retirement from active work
Hyperoniemen
Voorbeeldzinnen
- No wonder the retirement years are often referred to as the golden years.
- It is necessary to ensure that termination payments, so-called ‘golden parachutes’, are not a reward for failure and that the primary purpose of termination payments as a safety net in case of early termination of the contract is respected. To that purpose, termination payments should be limited to a certain amount or duration beforehand, which, in general, should not be more than two years’ annual remuneration (on the basis of only the non-variable component of the annual remuneration) and not be paid if the termination is due to inadequate performance or if a director leaves on his own account.