golden handshake

1. 1.

   a lucrative severance agreement offered to an employee (usually as an incentive to retire)

   Broaderseverance agreement

Questions about golden handshake

What does golden handshake mean?

golden handshake means "a lucrative severance agreement offered to an employee (usually as an incentive to retire)".

Is golden handshake a common word?

golden handshake is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.