Definition of golden handshake in English:

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golden handshake

Pronunciation: /ˈˌɡōldən ˈhan(d)ˌSHāk/

noun

informal
A payment given to someone who is laid off or retires early.
Example sentences
  • The Inland Revenue has intervened in respect of termination of employment contracts to prevent golden handshakes being used as tax avoidance devices so that payments of over £30,000 are subject to tax in the claimant's hands.
  • Then there were the retirement packages and golden handshakes.
  • Salaries did not change significantly in quarter three, although golden handshakes and guaranteed bonuses have almost disappeared from the offer table.

For editors and proofreaders

Syllabification: gold·en hand·shake

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