Simple English definitions for legal terms
Read a random definition: universus
Golden Handshake: A special payment given to an employee when they leave their job, usually when they retire or are fired. It's like a big thank you for their hard work and dedication to the company.
A golden handshake is a type of compensation package that is offered to an employee, usually as an incentive to retire or upon dismissal. It is a generous amount of money given to the employee as a form of severance pay.
These examples illustrate how a golden handshake is used as a way to compensate employees who are leaving the company. It is a way to show appreciation for their years of service and to help them financially during the transition to a new job or retirement.