Meaning Of The Word Golden parachute
What's the definition of Golden parachute? Find Golden parachute meanings, definitions and more at the Real Dictionary online.
Golden parachute Meaning
| Golden parachute Definition |
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What's The Definition Of Golden parachute?
golden parachute
countable noun: 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. golden parachute in American English 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 noun: 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 golden parachute in British English noun: 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 golden parachute in Finance noun: 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. |
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