Meaning of “golden handshake” in the English Dictionary

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"golden handshake" in British English

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golden handshakenoun [ C usually singular ]

uk /ˌɡəʊl.dən ˈhænd.ʃeɪk/ us /ˌɡoʊl.dən ˈhænd.ʃeɪk/ informal

a usually large payment made to people when they leave their job, either when their employer has asked them to leave or when they are leaving at the end of their working life, as a reward for very long or good service in their job

(Definition of “golden handshake” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"golden handshake" in Business English

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golden handshakenoun [ C ]

uk us HR

a payment made to an employee when they leave their job as a reward for very long or good service:

He is to leave with a golden handshake understood to total at least one year's salary.

(Definition of “golden handshake” from the Cambridge Business English Dictionary © Cambridge University Press)