Horcoffing

verb: Someone who got a sweet contract, collecting a big check without doing any work.
Since it's a legal contract, the person doesn't have to even pretend to work.

John ,at the end of the hall, is horcoffing all the way. I wish I was a horcoffer, I am working like a dog out there making way less money.

Other uses:

noun: Matt is a horcoffer. He is just waiting, doing nothing till the contract is up.