golden handshake

(noun) an expensive payment made to someone when they retire early or are fired

Example Sentences:

Wife: Hi honey, how was work?
Husband: Well, I have good news and bad news.
Wife: What’s the bad news?
Husband: I got fired.
Wife: What’s the good news?
Husband: I got a golden handshake. Now we can retire in Cancun!

The C.E.O. of the company received a golden handshake when he retired at the age of 60.

Media:

Similar idioms:

1. out of the frying pan and into the fire
2. pick up the check
3. give and take
4. pick up the tab
5. open up a can of worms
6. check in with
7. show off