ALL meanings of golden parachute
gold·en par·a·chute
G g - noun golden parachute retirement package 1
- noun golden parachute an employment contract or agreement guaranteeing a key executive of a company substantial severance pay and other financial benefits in the event of job loss caused by the company's being sold or merged. 1
- countable noun golden parachute A golden parachute is an agreement to pay a large amount of money to a senior executive of a company if they are forced to leave. 0
- noun golden parachute a clause in the employment contract of a senior executive providing for special benefits if the executive's employment is terminated as a result of a takeover 0
- noun golden parachute a large sum of money or other compensation given as severance pay to a top executive who is dismissed from a corporation as a result of its being acquired by another company 0
- noun golden parachute A golden parachute is a very large payment and benefits that are offered to executives as part of their employment agreement if they are forced to leave a company. 0
- noun golden parachute (Idiomatic) (business, management) An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated. 0