a golden handshake

golden handshake

A large severance package given to an executive who leaves a company due to termination, corporate restructuring, or retirement. The company's vice president received a $500,000 golden handshake after being pressured to leave his position.See also: golden, handshake

a golden handshake

1. A golden handshake is a large amount of money that someone is given if they are asked to leave a job before the normal age when they would leave. She offered me a golden handshake to get me to leave quietly, which I did.2. A golden handshake is a large amount of money that a company gives to an employee when he or she leaves, as a reward for long service or good work. The officer retired with a golden handshake and a pension.See also: golden, handshake

a golden handshake

a sum of money paid by an employer to a retiring or redundant employee. On the same principle, the phrase a golden hello was coined in the late 20th century. It is explained in an Appointments section of the New Scientist in 1998 : ‘Employers…especially in the financial sector, are offering “golden hellos”. These are advances of up to £2000, sometimes given on acceptance of a job offer or with the first month's salary.’See also: golden, handshake

a golden ˈhandshake

a large sum of money given to somebody when they leave their job, or to persuade them to leave their job: The directors will each get a large golden handshake and a pension.See also: golden, handshake