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. Bloomberg Financial Dictionary

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golden handshake ˌgolden ˈhandshake also handshake noun [countable] HUMAN RESOURCES
a large amount of money given to a senior employee when he or she leaves a company, especially when they are being forced to leave:

• 200 university lecturers were made redundant with golden handshakes averaging £80,000.

• The retiring chief executive received a handshake of $27 million.

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golden handshake UK US noun [C] HR
a payment made to an employee when they leave their job as a reward for very long or good service: »

He is to leave with a golden handshake understood to total at least one year's salary.


Financial and business terms. 2012.

Look at other dictionaries:

  • golden handshake — Also known as a golden parachute. Financial benefits provided to employees (usually senior employees or directors) on leaving their employer. Such provisions may be: • A long fixed term contract giving rise to damages in the event of early… …   Law dictionary

  • golden handshake — A golden handshake is a payment made to someone to get them to leave their job …   The small dictionary of idiomes

  • golden handshake — golden handshakes N COUNT A golden handshake is a large sum of money that a company gives to an employee when he or she leaves, as a reward for long service or good work …   English dictionary

  • golden handshake — n BrE a large amount of money given to someone when they leave their job …   Dictionary of contemporary English

  • golden handshake — noun count BUSINESS a large amount of money given to a senior manager in a company when they leave their job …   Usage of the words and phrases in modern English

  • golden handshake — ► NOUN informal ▪ a payment given to someone who is made redundant or retires early …   English terms dictionary

  • golden handshake — n. Informal payment offered to induce an employee to retire early …   English World dictionary

  • Golden handshake — A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement.… …   Wikipedia

  • Golden Handshake — A stipulation in an employment agreement which states that the employer will provide a significant severance package if the employee loses their job. A golden handshake is usually provided to top executives for loss of employment through layoffs …   Investment dictionary

  • golden handshake — UK / US noun [countable] Word forms golden handshake : singular golden handshake plural golden handshakes business a large amount of money given to a senior manager in a company when they leave their job …   English dictionary

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