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 ?
Nine former senior staff were each given golden handshakes of over [euro]400,000 when they retired, figures released under the Freedom of Information Act revealed.
If all the golden handshakes, expense frauds etc were stopped then we would have enough money to go around instead of the rich growing richer and the poor going to the wall.
Before I retired in 2011 from Cardiff City Council, I noticed the number of managers and other people at the top of the pile being given golden handshakes as long as they "took their job with them".
Justices Kihara Kariuki, Kathurima M'Inoti and Jamila Mohamed said Telkom should pay its control and unionisable team the comparative of two-and-a-half months' primary wage for each year of completed service, Sh40,000 in transportation considerations and at least Sh150 million Golden Handshakes.
SIR - Mike Elias (Letters, Jan 23) expressed his disgust at the cost to the taxpayer of MPs' "perks" of multiple expenses: gold-plated pensions, golden handshakes etc and how much could be saved by abolishing them.
Yes, the board members should be jailed and, if not, they should be sacked - without golden handshakes or enhanced pensions.
THE news that over 20 former Midland MPs received golden handshakes last year after leaving office comes as no surprise to supporters of Yes To Fairer Votes.
The SS Public Sector is sinking fast and you can be sure that all lifeboats have been commandeered by Public Sector employees, viz, massive golden handshakes and an annual pension equal to 75% of their final salary.
These MPs who represent Coventry and also the MPs involved in the expenses scandal should all stand down before the election and have no golden handshakes given to them for their acts.
What a pity we don't have a Prime Minister with the guts to have got rid of him and all the other Labour sleazebags who should be out on their backsides with no golden handshakes, pensions or credibility.
If not then shareholders should ensure they are removed and hopefully without all the golden handshakes they have carefully written into the contracts.
The bosses never seem to complain about the cost of their own fat cat salaries, pensions, share options and golden handshakes.