golden handshake

noun

Definition of golden handshake

: a generous severance agreement given especially as an inducement to early retirement

Examples of golden handshake in a Sentence

Recent Examples on the Web Ms Jiba’s successor, Mxolisi Nxasana, proved less convenient for Mr Zuma, and left after a golden handshake. The Economist, "Batohi’s battle The wheels of justice are finally turning in South Africa," 12 Dec. 2019 The ex-Borussia Dortmund star also wants a 'golden handshake' from United to leave - something the 20-times English top flight champions are refusing to entertain. SI.com, "Man Utd Hopeful Over Sanchez Deal Despite Mkhitaryan Arsenal Wage Demands," 17 Jan. 2018 The law tolerates golden handshakes or other incentives for employees who agree to retire within two or three years, but even these must be structured carefully to avoid litigation based on a claim of age discrimination. Saul Levmore And Martha Nussbaum, WSJ, "Let’s Agree on an Age to Retire," 22 Sep. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'golden handshake.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of golden handshake

1959, in the meaning defined above

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The first known use of golden handshake was in 1959

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Cite this Entry

“Golden handshake.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/golden%20handshake. Accessed 25 Nov. 2020.

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More Definitions for golden handshake

golden handshake

noun

English Language Learners Definition of golden handshake

: a large amount of money that a company gives to an employee who is leaving the company

More from Merriam-Webster on golden handshake

Nglish: Translation of golden handshake for Spanish Speakers

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