golden handshake

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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]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
In addition, a traditional awarding ceremony of Golden Umbrella and Golden Portfolio diplomas will be conducted.
As a tribute to her twenty years of creating and supporting Seattle dance, Graney was recently selected for the Seattle Bumbershoot Arts Festival's Golden Umbrella Award.

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