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单词 golden handshake
释义

golden handshake


golden handshake

n. A lucrative severance agreement offered to an employee typically as an inducement to resign or retire.

golden handshake

n (Industrial Relations & HR Terms) informal a sum of money, usually large, given to an employee, either on retirement in recognition of long or excellent service or as compensation for loss of employment

gold′en hand′shake


n. a special incentive, as generous severance pay, offered as an inducement to elect early retirement. [1955–60]
Thesaurus
Noun1.golden handshake - a lucrative severance agreement offered to an employee (usually as an incentive to retire)severance agreement - an agreement on the terms on which an employee will leave
Translations
liquidazione

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

golden handshake

Generous severance pay to an employee, often as an incentive for early retirement. For example, With a dwindling school population, the town decided to offer golden handshakes to some of the teachers . This slangy business term dates from the mid-1900s. A close relative is golden parachute, a generous severance agreement for an executive in the event of sudden dismissal owing to a merger or similar circumstance. This expression first appeared about 1980. 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

golden handshake


golden handshake

token of gratitude bestowed on retiring employee after years of service. [Br. Pop. Culture: Misc.]See: Farewell
LegalSeeGolden Parachute

golden handshake


Golden handshake

A large payment to a senior employee who is forced into retirement or fired as a result of a takeover or similar development.

Golden Handshake

A clause in a high-ranking executive's hiring contract describing a lucrative severance package once the executive leaves the company. The package often includes cash and stock options worth millions of dollars, as well equity in the company. The executive is normally eligible for a golden handshake regardless of the circumstances under which he/she left the company, whether retirement, redundancy brought about from a merger or acquisition, or termination for mismanagement. Controversy surrounding the practice tends to increase in times of increased mergers, as well as in economic downturns.

golden handshake

a generous severance payment made to an employee as an inducement to leave an organization. The phrase is also sometimes used to describe payments made to retiring employees as a sign of gratitude for their services. See REDUNDANCY.

golden handshake

a generous severance payment made to a director or worker of a company who is dismissed prior to the expiry of his or her service contract.

golden handshake


Related to golden handshake: Flexi time
  • noun

Words related to golden handshake

noun a lucrative severance agreement offered to an employee (usually as an incentive to retire)

Related Words

  • severance agreement
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更新时间:2025/2/25 6:49:47