golden parachute


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.