Betekenis van:
golden years

golden years
Zelfstandig naamwoord
    • the time of life after retirement from active work



    1. No wonder the retirement years are often referred to as the golden years.
    2. 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.