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golden handshake

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
golden handshake
n. Slang
A lucrative severance agreement offered to an employee typically as an inducement to retire.
golden handshake
n
(Business / 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
ThesaurusLegend:  Synonyms Related Words Antonyms
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
golden handshake n (Brit) → gratifica di fine servizio
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In a statement the Stuttgart-based firm said an agreement on the resignations had been reached with the supervisory board, and that Wiedeking -- said to be the best-paid executive in Germany -- will get a golden handshake worth 50 million euros (71 million dollars), with half that sum going to a "social foundation".
Porsche boss Wiedeking, financial director are out by AFP / AFP Global Edition
and meets decent community standards," Swan said, adding that some golden handshakes were "obscene".
Australia to outlaw excessive 'golden handshakes' by AFP / AFP Asian Edition
He said: "The one thing I didn't know about was the golden handshake for Mr Neary.
GORMLEY CALL OVER NEARY'S EUR630,000 by The Mirror (London, England)
 
 
 
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