golden parachute

English - Turkish

Definition of golden parachute in English Turkish dictionary: (Ticaret) altın paraşüt

English - English

Definition of golden parachute in English English dictionary: An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated; An employment agreement that guarantees a key executive lucrative severance benefits if control of the company changes hands followed by management shifts; 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; package of benefits and compensations guaranteed to be paid in case of job loss (usually included in job contracts of top executives); giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover
golden parachutes: plural form of golden parachute
A golden parachute: golden umbrella

golden parachute

Hyphenation

gold·en par·a·chute

gōldın perışut

/ˈgōldən ˈperəˌsʜo͞ot/ /ˈɡoʊldən ˈpɛrəˌʃuːt/

[ 'gOl-d&n ] (adjective.) 13th century. Middle English.

History

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