Generous severance pay to an employee, often as an incentive for early retirement.
Examples:
- With a dwindling school population, the town decided to offer golden handshakes to some of the teachers.
Origin: mid-1900s
Synonyms: golden parachute
Generous severance pay to an employee, often as an incentive for early retirement.
Examples:
Origin: mid-1900s
Synonyms: golden parachute