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LSDefine

Simple English definitions for legal terms

gold clause

Read a random definition: unseasoned issuer

A quick definition of gold clause:

A gold clause is a rule in a contract that says payment must be made in gold. This used to be common in contracts, bonds, and mortgages, but it is no longer allowed.

Golden handcuffs are a type of payment that is so high that an employee cannot find a job that pays as much elsewhere. This means that the employee stays in the job even if they don't like it.

A more thorough explanation:

Gold Clause: A provision in a contract, bond, or mortgage that requires payment to be made in gold. However, gold clauses are now considered void.

Example: In the past, some contracts included a gold clause that required payment to be made in gold. This meant that if someone owed money, they had to pay it in gold instead of paper money or other forms of payment.

Golden Handcuffs: A type of remuneration that is set at a high level to prevent an employee from leaving the company and receiving a similar salary elsewhere.

Example: A company may offer an executive a large salary, bonuses, and stock options to keep them from leaving for a competitor. This is an example of golden handcuffs because the executive is unlikely to leave the company for a job that pays less.

Both gold clause and golden handcuffs are terms used in business and finance. Understanding these terms can help individuals navigate contracts and compensation packages.

going witness | golden handshake

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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