- golden parachute
- package of benefits and compensations guaranteed to be paid in case of job loss (usually included in job contracts of top executives)
English contemporary dictionary. 2014.
golden parachute
Look at other dictionaries:
golden parachute — gold·en para·chute n: an agreement providing for generous compensation to an executive upon dismissal (as because of a merger) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. golden parachute … Law dictionary
golden parachute — parachute par a*chute, v. i. TO descend to th ground from an airplane or other high place using a parachute; as, when the plane stalled, he parachuted safely to the ground. [PJC] {golden parachute} a generous set of financial benefits, including… … The Collaborative International Dictionary of English
golden parachute — golden parachutes N COUNT 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. [BUSINESS] Golden parachutes entitle them to a full year s salary if they get booted out… … English dictionary
golden parachute — n informal part of a business person s contract which states that they will be paid a large amount of money if they lose their job, for example if the company is sold … Dictionary of contemporary English
golden parachute — noun count BUSINESS a promise to pay a senior manager a lot of money if they are forced to leave their job in the future … Usage of the words and phrases in modern English
golden parachute — n. Informal 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 … English World dictionary
Golden parachute — A golden parachute is a non contractual agreement between a company and an employee (usually upper executive) specifying that the employee will receive certain significant benefits if employment is terminated. Sometimes, certain conditions,… … Wikipedia
Golden parachute — Compensation paid to top level management by a target firm if a takeover occurs. The New York Times Financial Glossary * * * golden parachute ˌgolden ˈparachute noun [countable] HUMAN RESOURCES an arrangement in which a senior employee of a… … Financial and business terms
golden parachute — compensation paid to top level management by a target firm if a takeover occurs. Bloomberg Financial Dictionary * * * golden parachute ˌgolden ˈparachute noun [countable] HUMAN RESOURCES an arrangement in which a senior employee of a company will … Financial and business terms
golden parachute — UK / US noun [countable] Word forms golden parachute : singular golden parachute plural golden parachutes business a promise to pay a senior manager a lot of money if they are forced to leave their job in the future … English dictionary
golden parachute — noun giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover • Hypernyms: ↑shark repellent, ↑porcupine provision * * * noun, pl ⋯ chutes [count] : a large amount of money that a company… … Useful english dictionary
