golden parachute

Definition of golden parachute

a generous set of financial benefits, including severance pay, provided by contract to a high-level corporate employee in the event s/he is dismissed or his/her job is lost in a corporate takeover or merger; also, the contract providing for such benefits.

See also: parachute

Related Words

porcupine provision, shark repellent
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Goldcrest
Goldcup
Golden
Golden age
Golden balls
golden beetle
Golden bull
Golden chain
golden chasselas
Golden club
Golden cup
Golden eagle
Golden fleece
Golden grease
Golden hair
Golden Horde
Golden Legend
Golden marcasite
Golden mean
Golden mole
-golden parachute-
Golden robin
Golden samphire
Golden saxifrage
Golden State
Golden wolf
Golden Yard
Golden-eye
Golden-rod tree
goldenbush
goldenrod
goldenseal
goldfield
goldfields
Goldfinch
Goldfinny
Goldfish
Goldie
Goldilocks
Goldin
Goldless
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