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golden parachute

A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated. These benefits can take the form of severance pay, a bonus, stock options, or a combination thereof.

Related information about golden parachute:
  1. Golden parachute - Wikipedia, the free encyclopedia
    A golden parachute has been defined as an agreement between a company and an employee (usually upper executive) specifying that the employee will ...
     
  2. Golden Parachute Definition | Investopedia
    Lucrative benefits given to top executives in the event that a company is taken over by another firm, resulting in the loss of their job. Benefits include items such ...
     
  3. What is golden parachute? definition and meaning
    Definition of golden parachute: A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is ...
     
  4. Golden Parachute Inc.
    Pope John XXIII High School, Everett, MA The team at Golden Parachute has helped us to develop a product that has tremendously enhanced our image and ...
     
  5. Golden Parachutes: 21 CEOs Landed $100M Plus - ABC News
    Jan 27, 2012 ... Some of the examples in the GMI Report include instances where CEO's elected to pull the cord on their golden parachute, after their ...
     
  6. golden parachute - The Free Dictionary
    An employment agreement that guarantees a key executive lucrative severance benefits if control of the company changes hands followed by management ...
     
  7. David Macaray: The Golden Parachute Is Un-American
    Sep 7, 2012 ... But if you fail to do the one thing they hired you to do -- i.e., earn money for the company -- why would you expect to be rewarded for it?
     
  8. golden parachute: Definition from Answers.com
    golden parachute n. Slang An employment agreement that guarantees a key executive lucrative severance benefits if contro.