Hey Maitya, as you may know that golden handcuffs is an agreement which settles to give you the incentives that you would have to relinquish if you quit. If you have already decided to break them and lose the perquisites then I would just tell you to stick to your decision although I would suggest yRead more
Hey Maitya, as you may know that golden handcuffs is an agreement which settles to give you the incentives that you would have to relinquish if you quit. If you have already decided to break them and lose the perquisites then I would just tell you to stick to your decision although I would suggest you to analyse well on whether you are doing your optimal job or not and whether or not your handcuffs are actually golden. Once you make your decision to break them, carry it forward. Change your company, get a pay cut and adjust your budget. Work on different things which might get you an extra income and invest well to manage your bank balance.
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Manushree Mishra
Golden handcuffs agreement is usually meant for prestigious employees or executive members of a company. The large payouts associated with these arrangements can trigger substantial tax liabilities for the recipients, so it can make sense to create deferred compensation arrangements that delay the nRead more
Golden handcuffs agreement is usually meant for prestigious employees or executive members of a company. The large payouts associated with these arrangements can trigger substantial tax liabilities for the recipients, so it can make sense to create deferred compensation arrangements that delay the need for tax payments. It would also depend on what kind of incentives are provided, some may include taxes and some may not. For instance, phantom stock may be viewed as one example of a golden handcuffs arrangement and there is generally no taxable income for the holders of phantom shares until the employee redeems the phantom shares at a later date.
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