the 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.
Synonyms for golden parachute
On this page, you will find 30 slang terms related to the golden parachute. Some of the top words include: hit, First Ring, expo, Rape, cheaper than fast food, and 25 more.