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:
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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?
- golden parachute: Definition from Answers.com
golden parachute n. Slang An employment agreement that guarantees a key executive lucrative severance benefits if contro.