a special incentive, as generous severance pay, given to an older employee as an inducement to elect early retirement.
the giving or offering of such an incentive.
(informal) a sum of money, usually large, given to an employee, either on retirement in recognition of long or excellent service or as compensation for loss of employment
Generous severance pay to an employee, often as an incentive for early retirement. For example, With a dwindling school population, the town decided to offer golden handshakes to some of the teachers. This slangy business term dates from the mid-1900s. A close relative is golden parachute, a generous severance agreement for an executive in the event of sudden dismissal owing to a merger or similar circumstance. This expression first appeared about 1980.
- Golden hello
noun 1. (informal) a payment made to a sought-after recruit on signing a contract of employment with a company
noun 1. the army of Mongol Tartars that overran eastern Europe in the 13th century, established a khanate in Russia, and maintained suzerainty there until the 15th century. noun 1. the Mongol horde that devastated E Europe in the early 13th century. It established the westernmost Mongol khanate, which at its height ruled most of […]
noun 1. an inlet of the Bosporus, in European Turkey: forms the inner part of Istanbul. noun 1. an inlet of the Bosporus in NW Turkey, forming the harbour of Istanbul Turkish name Haliç
noun, Canadian. 1. the urban and agricultural area surrounding Toronto.