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golden handshake

A large severance package given to an executive who leaves a company due to termination, corporate restructuring, or retirement. The company's vice president received a $500,000 golden handshake after being pressured to leave his position.
See also: golden, handshake

golden handshake

Generous severance pay to an employee, often as an incentive for early retirement. For example, With a dwindling school population, the town decided to offer golden handshakes to some of the teachers . This slangy business term dates from the mid-1900s. A close relative is golden parachute, a generous severance agreement for an executive in the event of sudden dismissal owing to a merger or similar circumstance. This expression first appeared about 1980.
See also: golden, handshake

a golden handshake

1. A golden handshake is a large amount of money that someone is given if they are asked to leave a job before the normal age when they would leave. She offered me a golden handshake to get me to leave quietly, which I did.
2. A golden handshake is a large amount of money that a company gives to an employee when he or she leaves, as a reward for long service or good work. The officer retired with a golden handshake and a pension.
See also: golden, handshake

on a handshake

If an agreement or contract is made on a handshake, it is agreed between people but not written down. Our business is all done on a handshake. The White Star line, it seems, went about its business in a curious way, with contracts agreed on a handshake.
See also: handshake, on

a golden handshake

a sum of money paid by an employer to a retiring or redundant employee.
On the same principle, the phrase a golden hello was coined in the late 20th century. It is explained in an Appointments section of the New Scientist in 1998 : ‘Employers…especially in the financial sector, are offering “golden hellos”. These are advances of up to £2000, sometimes given on acceptance of a job offer or with the first month's salary.’
See also: golden, handshake

a golden ˈhandshake

a large sum of money given to somebody when they leave their job, or to persuade them to leave their job: The directors will each get a large golden handshake and a pension.
See also: golden, handshake
References in periodicals archive ?
When one of the businesspeople shook NAO's hand a signal was sent to the other half of the negotiation and the sensor vibrated, simulating a handshake.
TEHRAN (FNA)- For all its popularity, the handshake is not well understood.
Last year, another study published in the Journal of Hospital Infection found that the fist bump is a healthier alternative to the handshake within health care settings.
When I feel it appropriate and I wish to greet or respect someone, I will do it with a brisk, friendly handshake not a st bump.
The fist-bumping researchers also looked at grip strength and found that a stronger handshake increased the amount of bacteria shared.
However, direct contact between individuals has the potential for greater e-ciency of pathogen transmission, and handshakes are known to transmit bacteria, including potential pathogens.
Pease said that the stronger a person's handshake, the more likely it will be in the 'upper hand' in a greeting and by giving equal pressure and a vertical handshake, it will put others at ease and creative a positive environment to begin a face-to-face encounter.
There's an art to the simple handshake, says Joe Navarro, an ex-FBI agent, author and expert in body language.
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.
But the players have found a novel way to get round the handshake ban - by touching elbows as an alternative.
MARK HUGHES renewed his call for the pre-match handshake ritual to be scrapped after John Terry was snubbed by Anton Ferdinand and QPR skipper Park Ji-Sung before Chelsea's 0-0 draw at Loftus Road.
Queen Park Rangers' manager Mark Hughes has also confirmed pre-match handshakes, although his comments indicate he is not happy with the idea.
But with the legal case now over, the Premier League insist there is no reason for them to once again ditch the handshakes.
The players came up against each other in an FA Cup fourth-round tie at Loftus Road in January, when in a bid to dilute the tension the Football Association gave permission for the teams not to partake in the handshake, amid uncertainty as to whether Rangers defender Ferdinand would snub Terry.
He was a black man from memory, Gaston Monnerville, who had removed his glove in expectation of a handshake from De Gaulle.