1. golden handshake - Noun
2. golden handshake - Phrase
a lucrative severance agreement offered to an employee (usually as an incentive to retire)
Source: WordNetAtwood has described herself as being in the “golden handshake and goodbye” phase of her career yet here she is at the fore of a discussion on the tenets of modern feminism. Source: Internet
The armed forces should gradually be reduced over three years and the redundant officers and staff may be offered a golden handshake or given the option to join the BDR and Police. Source: Internet