• If someone is given a golden handshake, usually a large payment is made to them when they leave their job, either when their employer has asked them to leave or when they are leaving at the end of their working life, as a reward for very long or good service in their job.
Example Sentences: Tim was forced to leave his job but he was given a very generous golden handshake.
He was given a golden handshake of US$1 million when he retired after working with the company for 40 years.