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 ?
They said if the AKHS wanted to carry out downsising it should give its employees golden handshake incentives or provide them with pension as was done by the Aga Khan Rural Support Programme, or other institute of the Aga Khan Development Network (AKDN).
In what other vocation can you get the sack, be compensated with a golden handshake and walk into similar employment elsewhere?
PESHAWAR -- Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has offered Voluntarily Golden Handshake to the staff of the defunct Sarhad Development Authority (SDA) in pursuance of the decision of the provincial government, said a press release issued here on Tuesday.
Cattermole is under contract on PS45,000-a-week for the next couple of seasons, but the 25-year-old would not make the switch to the Potters without a golden handshake.
CRC bosses are hauled before the Public Accounts Committee on Wednesday after we reveal former CEO Paul Kiely got a [euro]200,000 golden handshake.
In a verdict, three judges upheld the choice of the High Court saying the organization has to pay its former workers severance pay, transportation and golden handshake.
Mr Bolland was awarded a salary of pounds 975,000, an annual bonus of pounds 332,000, the same amount in deferred shares and pounds 500,000 left over from his golden handshake after joining from supermarket Morrisons.
Collateral damage by the US drones is one thing, that with time could be forgiven, but this blasphemous act is not a speed bump that can disappear with good conscience and a golden handshake.
FAREWELL Great managers are born on the football field Their own downfall is for their team to succeed A manager is only as good as the team's last success This entails every player constantly giving his best To a manager of many memorable and triumphant years The sound of cheers have now turned to jeers His team placed near the foot of the division For a great team, this is a degrading position The fans who fail to pass through turnstile gate Hasten the day for the manager's golden handshake The board of directors sit with faces long Trying to compose the manager's swan song The chairman says as he downs a large whisky Management in football is rather risky Managers at the top ride on the crest of a wave But those way below only face an early grave.
Sheikh said those working in these ministries will be offered options of a golden handshake, transfer and deputation.
Too many people were given early retirement even at 50 with an index-linked pension and golden handshake.
HAVING turned 80 recently, I am now in receipt of an extra 25p per week on my state pension (one of the lowest in the European Union) and expected to be grateful for it, while MPs with a pounds 400 per month food allowance, plus perks and a generous salary leading to the eventual golden handshake and hefty pension, remain unsatisfied and have to rob us.