Definitions for golden handshake
gold·en hand·shake

Princeton's WordNetRate this definition:0.0 / 0 votes

1. golden handshakenoun

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

WiktionaryRate this definition:0.0 / 0 votes

1. golden handshakenoun

   A generous severance payment, especially as an inducement to leave employment.

WikipediaRate this definition:0.0 / 0 votes

1. Golden handshake

   A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options. According to Investopedia, a golden handshake is similar to, but more generous than a golden parachute because it not only provides monetary compensation and/or stock options at the termination of employment, but also includes the same severance packages executives would get at retirement.The term originated in Britain in the mid-1960s. It was coined by the city editor of the Daily Express, Frederick Ellis. It later gained currency in New Zealand in the late 1990s over the controversial departures of various state sector executives."Golden handshakes" are typically offered only to high-ranking executives by major corporations and may entail a value measured in millions of dollars. Golden handshakes are given to offset the risk inherent in taking the new job, since high-ranking executives have a high likelihood of being fired and since a company requiring an outsider to come in at such a high level may be in a precarious financial position. Their use has caused some investors concern since they do not specify that the executive has to perform well. In some high-profile instances, executives cashed in their stock options, while under their stewardship their companies lost millions of dollars and thousands of workers were laid off.

ChatGPTRate this definition:0.0 / 0 votes

1. golden handshake

   A golden handshake is a large payment or lucrative benefits package given to a top executive by a company either as a severance package upon being terminated or incentivized early retirement. This amount is typically substantial and offered with the aim to ease the departure, avoid legal complications, or keep the executive from working for competitors.

WikidataRate this definition:0.0 / 0 votes

1. Golden handshake

   A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options. According to Investopedia, golden handshake is similar to, but more generous than a golden parachute because it not only provides monetary compensation and/or stock options at the termination of employment, it includes the same severance packages executives would get at retirement. The term originated in Britain in the mid-1960s. It was first coined by the city editor of the Daily Express, Frederick Ellis. It later gained currency in New Zealand in the late 1990s over the controversial departures of various state sector executives. Typically, "golden handshakes" are offered only to high-ranking executives by major corporations and may entail a value measured in millions of dollars. Golden handshakes are given to offset the risk inherent in taking the new job, since high-ranking executives have a high likelihood of being fired and since a company requiring an outsider to come in at such a high level may be in a precarious financial position. Their use has caused some investors concern since they do not specify that the executive had to perform well. In some high-profile instances, executives cashed in their stock options, while under their stewardship their companies lost millions of dollars and thousands of workers were laid off.

Matched Categories

1. • Severance Agreement

How to pronounce golden handshake?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say golden handshake in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of golden handshake in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of golden handshake in Pythagorean Numerology is: 2

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=golden handshake
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Golden_Handshake
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Golden_Handshake
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=golden handshake