golden handshake
Plural
golden handshakes
1
a payment or package given to a worker, usually a high-ranking manager, when they leave a company
The idiom "golden handshake" also originates from the world of corporate finance and employment. This phrase is used to describe a lucrative severance package or financial arrangement offered to an employee upon their retirement or departure from the company.
- During the organizational changes, many employees were considering whether to accept the golden handshake offers.
- If the company downsizes, there might be several employees eligible for golden handshakes.
- The company is planning to restructure, and some senior employees may be offered golden handshakes to encourage early retirement.
- The retiring CEO received a lavish golden handshake as a token of appreciation for his long service to the company.
- When the senior executive left the firm, she was granted a generous golden handshake as part of her departure agreement.