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. . 1996.

golden parachute
An agreement by a corporation with an executive to provide substantial payments to the executive in the event of a change in ownership or early retirement.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

golden parachute

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


golden parachute
An agreement that provides key executives with generous severance pay and other benefits in the event that their employment is terminated as a result of a change of ownership at their employer corporation; known more formally as a change-of-control agreement.

Dictionary from West's Encyclopedia of American Law. 2005.


golden parachute
An agreement that provides key executives with generous severance pay and other benefits in the event that their employment is terminated as a result of a change of ownership at their employer corporation; known more formally as a change-of-control agreement.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • 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

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