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Golden handshake
GOLDEN HANDSHAKE

Definition: A large sum of money that is given to somebody when they leave their job, or to persuade them to leave their job.
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* All seven elements should be in.


1. Purposeful and necessary, in the giver's opinion.

2. Arrangement will be in the conditions of service.

3. The recipient will consider sum as truly big money.

4. Received timely, especially if economy is believed shaky.

5. Payment will be a one-off and achieves objective(s).

6. Beneficiary will not be reengaged or contracted later.

7. Departing employee does not join rival company afterwards.
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See perfect EXCHANGE RATE (2).
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See perfect GOLDEN HELLO.
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See perfect PROVISO.

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