golden handshake
Lucrative departure payment
A golden handshake is a generous severance package offered to an employee, typically a senior executive, upon leaving a company.
It often includes cash payments, stock options, and extended benefits, and may be used to ease someone out or sweeten early retirement: The CEO left with a golden handshake worth ten million dollars.
Payment for services rendered
- payoutMoney distributed to recipient
- packageWrapped item for delivery
- buyoutPurchase of controlling interest
- settlementResolved dispute or colony
exit · departure · negotiation · agreement · farewell · bonus · gratuity · windfall
Retiree's ongoing benefit
- early retirementExiting career before standard age
- superannuationRetirement savings scheme
- retireeOne who left work
- 401kEmployer-sponsored retirement savings
nest egg · annuity · downsizing · senior executive · career end · transition · workforce reduction · legacy
Motivating factor or offer
- enticementSomething that attracts
- sweetenerAdditive reducing bitterness
- carrotEdible orange taproot
- motivationImpetus toward a goal
encouragement · voluntary redundancy · early exit · stimulus · reward · perk · retention · attraction
Senior organizational leader
- c-suiteTop corporate officers collectively
- CEOTop corporate officer
- directorOne who leads
- boardFlat rigid panel
management · restructuring · merger · acquisition · takeover · corporate · headhunter · outplacement
compensation
Payment for services rendered
- payoutMoney distributed to recipient
- packageWrapped item for delivery
- buyoutPurchase of controlling interest
settlement · exit · departure · negotiation · agreement · farewell · bonus · gratuity · windfall · benefits
pension
Retiree's ongoing benefit
- early retirementExiting career before standard age
- superannuationRetirement savings scheme
- retireeOne who left work
401k · nest egg · annuity · downsizing · senior executive · career end · transition · workforce reduction · legacy
inducement
Motivating factor or offer
- enticementSomething that attracts
- sweetenerAdditive reducing bitterness
- carrotEdible orange taproot
motivation · encouragement · voluntary redundancy · early exit · stimulus · reward · perk · retention · attraction · deal
executive
Senior organizational leader
board · management · restructuring · merger · acquisition · takeover · corporate · headhunter · outplacement · non-compete
- workjob, 9 to 5, jobs, labor, employee
- retirementretirement, retire, retirement age, retirees, retirement income
- work idiomsburning out, rat race, climb the ladder, glass ceiling, pink slip
- severanceseverance, severance pay, severance package, termination pay, separation pay
- cutbackscutback, cutbacks, decrease, layoff, reduction
- money slangbucks, dough, moolah, cheddar, cash
golden handshakepink slip
Employment termination notice
firing · dismissal · sacking · summary dismissal · wrongful termination
golden handshakegolden boot
Early retirement incentive
forced resignation · blacklisting · burning bridges · pay cut · demotion
gold, golden, handshake, gilded, gilding, handshakes, handshaking, goldsmith, gilds