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Simple English definitions for legal terms

gold clause

Read a random definition: parte non comparente

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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