golden handshake


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golden handshake

token of gratitude bestowed on retiring employee after years of service. [Br. Pop. Culture: Misc.]
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A RECORD number of company executives received golden handshakes of more than pounds 1 million last year, a new report has shown.
Traditionally, a golden handshake, compensation payment, or lump-sum in lieu of notice has been free of tax, provided the amount is less than pounds 30,000.
Pedersen wants to stay but may take a golden handshake to go.
A COUNCIL whose chief executive left with a pounds 285,000 tax-free golden handshake have been savaged by local government watchdogs.
It's a fair bet that one of them will be receiving soccer's golden handshake soon, and the fact that George Burley is now available after quitting Hearts, having taken them to the top of the SPL, could speed up a decision.
A golden handshake of pounds 272,000 makes Neil Kinnock A FAT CAT and beneficiary of the EU subsidy system.
TONY Blair's last major trade union loyalist, Roger Lyons, who is TUC President, is being given a severance package -- pounds 250, 000 golden handshake and a pension of two thirds his salary -- to quit his union, Amicus, early after a bust-up with a rival.
At least they're being moved with a golden handshake, with the option of later moving back into the area.
Those same city and county officials gave Cluff a $300,000 golden handshake to get him out of the way, and he chose his own destiny.
MARIAH CAREY'S lawyers have agreed a deal for her to quit her record label in return for a pounds 35m golden handshake, it was reported today.
Carol Bell, founder of the Safety On Trains action group, said: "We have been calling for his resignation ever since the Hatfield crash - and he should not receive a golden handshake.
If he gets expenses for this, it should be taken out of his golden handshake when he leaves his post.