handshake


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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

on a handshake

Agreed upon but not set down formally in writing. They agreed to giving me a pay raise on a handshake, but six months later I have yet to see a dime of that. Investigating the shady deals has been difficult as many were done on a handshake, so there is very little in the way of a paper trail to follow.
See also: handshake, on

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.
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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 ?
Trump had an awkward handshake when he met with Brigitte Macron.
Although the handshake still dominates in Western culture many popular alternatives known colloquially as dap greetings, such as the high-"ve and the "st-bump, are now commonplace, particularly among younger members of society.
BACK SLAPPING A formal handshake is replaced by something far more dramatic in Greece - back slapping is a common sight as well as the more traditional handshake.
If the hugs, handshakes and lofty talk Monday night really marked the end of the Shaquille O'Neal-Kobe Bryant feud, then there's only one thing left to say about the battle of egos that dominated the L.
A similar figure agreed that a firm handshake was best, while 15 per cent admitted that a limp handshake made them suspicious.
A firm handshake is normally thought of as positive in men, labelling a man as extrovert and open to new experiences, but typically taken as a sign of over-confident "pushiness" in women.
Source: Handshake Productions, Washington, DC, 202/255-2522; E-mail: ereports@copyrightlaws.
Mitchell Steir was recently quoted in the New York Times as saying "I find it troubling to be in a market where you can have a handshake on a deal at $40 before lunch, and then the owner goes to lunch, talks to his friends or employees, and comes back and announces that the price is $45.
Handshake Software[R] PageGuru delivers an easy-to-use SharePoint personalization environment that enables a user, with no SharePoint training, to select and organize information on any page - exactly how they want to see it.
The much-anticipated meeting between President Donald Trump and Russian President Vladimir Putin provided no shortage of fodder for the internet - especially when it came to the two leaders' 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.
London, October 22 ( ANI ): A firm handshake, which some might think is rather old-fashioned, can still help to seal a deal, researchers say.
The rift between Ferdinand and Terry threatens to turn the handshake routine, introduced as part of the Football Association's Respect campaign, into a farce.
THE handshake is looking set to become obsolete in sporting terms very soon - possibly as early as the end of this summer.