Search for a term:

golden parachute


Definition
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 Terms

golden handshake -

suicide pill -  More

shark repellent -  More

Related Personal Finance Articles

Loading...

golden parachute in the news

Loading...

Enter your email address to get our free Term of the Day newsletter!

golden parachute is ...

... part of the Mergers & Acquisitions subject.

Search volume for golden parachute

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z