Golden Handshake

A golden handshake is basically a really, really nice severance package. Golden handshakes are usually offered to executives and other high-ranking personnel a company wants to get rid of, but doesn’t necessarily want to (or isn’t able to) fire.

Golden handshakes are often found cohabitating with forced retirements. These handshakes can include hefty bonuses, cash packages, stock options, and more. The goal here is to get the person or persons to go away without causing a huge kerfluffle for the organization.