From Longman Dictionary of Contemporary Englishgolden handshakeˌgolden ˈhandshake noun [countable] British EnglishBEC a large amount of money given to someone when they leave their job
Examples from the Corpus
golden handshake• Usually, you will be more concerned with compensation for loss of office colloquially known as a golden handshake.• And the reward for dismissal is a golden handshake of several years' pay.• Redundancy payment, or a golden handshake in lieu of notice, up to the value of £30,000.• I never negotiated a corporate prenuptial agreement and never received a golden handshake.• He should be able to spare £5,000 out of his golden handshake.• Good news about my golden handshake.• He will walk away with a reported golden handshake of £400,000.From Longman Business Dictionarygolden handshakeˌgolden ˈhandshake (also handshake) noun [countable] British EnglishHUMAN RESOURCES a large amount of money given to a senior employee when he or she leaves a company, especially when they are being forced to leave200 university lecturers were made redundant with golden handshakes averaging £80,000.The retiring chief executive received a handshake of $27 million. 