a golden parachute

English - Turkish

English - English

Definition of a golden parachute in English English dictionary: golden umbrella
golden parachute: An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated
golden parachute: An employment agreement that guarantees a key executive lucrative severance benefits if control of the company changes hands followed by management shifts
golden parachute: A golden parachute is an agreement to pay a large amount of money to a senior executive of a company if they are forced to leave. Golden parachutes entitle them to a full year's salary if they get booted out of the company. An employment agreement that guarantees a key executive lucrative severance benefits if control of the company changes hands followed by management shifts. part of a business person's contract which states that they will be paid a large amount of money if they lose their job, for example if the company is sold
golden parachute: package of benefits and compensations guaranteed to be paid in case of job loss (usually included in job contracts of top executives)
golden parachute: giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover

a golden parachute

Hyphenation

a gold·en par·a·chute

ı gōldın perışut

/ə ˈgōldən ˈperəˌsʜo͞ot/ /ə ˈɡoʊldən ˈpɛrəˌʃuːt/

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