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golden handshake
noun
: a generous severance agreement given especially as an inducement to early retirement
Example Sentences
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, 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, 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, 22 Sep. 2017
The Economist, 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, 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, 22 Sep. 2017 Word History
First Known Use
1959, in the meaning defined above
Time Traveler
The first known use of golden handshake was in 1959 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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