golden goodbye
Executive departure package
A golden goodbye is a substantial severance payment given to a departing employee, typically an executive leaving a company.
Like a golden parachute or golden handshake, the term suggests compensation generous enough to ease any reluctance about leaving: The CEO received a golden goodbye worth three years' salary.
Termination pay or disconnection
- payoutMoney distributed to recipient
- exit packageBenefits upon leaving employment
- buyoutPurchase of controlling interest
- settlementResolved dispute or colony
bonus · remuneration · package · benefits · windfall · gratuity · incentive · premium
Leave-taking expression
- send-offFarewell gathering or party
- leave-takingAct of saying goodbye
- partingAct of leaving another
- valedictionFormal parting statement
swan song · last day · handover · exit · resignation · adieu · transition · finale
Retiree's ongoing benefit
- nest eggSaved money for later
- 401kEmployer-sponsored retirement savings
- superannuationRetirement savings scheme
- annuityPeriodic fixed payment
retiree · early retirement · career transition · second act · post-career · retirement party · legacy · distinguished service
Termination without cause
- dismissalRemoval from position
- redundancyNeedless duplication
- firingTerminating employment
- dischargeRelease of substance outward
pink slip · downsizing · outplacement · forced exit · corporate restructuring · pushed out · mutual separation
severance
Termination pay or disconnection
- payoutMoney distributed to recipient
- exit packageBenefits upon leaving employment
- buyoutPurchase of controlling interest
settlement · bonus · remuneration · package · benefits · windfall · gratuity · incentive · premium · cushion
farewell
Leave-taking expression
- send-offFarewell gathering or party
- leave-takingAct of saying goodbye
- partingAct of leaving another
valediction · swan song · last day · handover · exit · resignation · adieu · transition · finale · outgoing
pension
Retiree's ongoing benefit
- nest eggSaved money for later
- 401kEmployer-sponsored retirement savings
- superannuationRetirement savings scheme
annuity · retiree · early retirement · career transition · second act · post-career · retirement party · legacy · distinguished service
layoff
Termination without cause
- dismissalRemoval from position
- redundancyNeedless duplication
- firingTerminating employment
discharge · pink slip · downsizing · outplacement · forced exit · corporate restructuring · pushed out · mutual separation
golden goodbyefiring
Terminating employment
dismissal · sacking · getting the boot · summary dismissal · forced resignation