golden handshake - Hutchinson encyclopedia article about golden handshake Printer Friendly
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golden handshake

   Also found in: Dictionary/thesaurus, Financial, Idioms, Encyclopedia, Wikipedia 0.06 sec.

golden handshake

Severance payout made to an employee, usually a senior manager or director, who is forced to retire before the end of their employment contract. Similar to the golden parachute, a golden handshake is usually a substantial sum.



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The one-page document outlines eight major areas on which Stuckey is to report by April 29 as part of the golden handshake approved by the Los Angeles City Council last month in the face of his threat to sue over being fired by Mayor Antonio Villaraigosa.
MORE DETAILS REVEALED FROM STUCKEY CONTRACT EX-ANIMAL SHELTER CHIEF ... by Daily News (Los Angeles, CA)
After an initial flurry of projects--including a golden handshake commission at Hopkins' offices in Marylebone--Snell Associates has been relatively quiet.
New order by Gregory, Rob / The Architectural Review
If your school district never has offered the golden handshake, you will receive a barrage of questions from your employees, probably under a cloud of suspicion.
Rightsizing the Right Way by CONCANNON, JOHN P. / School Administrator
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