Dictionary: 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


an employment contract or agreement guaranteeing a key executive of a company substantial severance pay and other financial benefits in the event of job loss caused by the company’s being sold or merged.
(informal) a clause in the employment contract of a senior executive providing for special benefits if the executive’s employment is terminated as a result of a takeover

A generous package of benefits offered to an employee as an inducement for early retirement or departure from a company: “Following the merger, many executives decided to leave after the offer of a golden parachute.”

Note: The term golden handshake means essentially the same thing: “The principal accepted the golden handshake in lieu of being demoted to assistant principal.”

Note: Both expressions are from the last quarter of the twentieth century, when such packages were offered frequently.

A provision in the contracts of many top executives that guarantees substantial benefits if they lose their positions.

noun phrase

Very high sums, benefits, etc, offered for taking early retirement: ”Golden parachutes” or severance packages are all becoming more common/ A parting golden handshake with GM included a valuable Cadillac franchise ( first form 1980s+, second 1960+)


Read Also:

  • Golden-perch

    noun 1. a freshwater food fish, Plectroplites ambiguus, that inhabits inland waters of Australia. noun 1. another name for callop

  • Golden-pheasant

    noun 1. an Asiatic pheasant, Chrysolophus pictus, having brilliant scarlet, orange, gold, green, and black plumage. noun 1. a brightly coloured pheasant, Chrysolophus pictus, of the mountainous regions of W and central Asia, the males of which have a crest and ruff

  • Golden-plover

    noun 1. either of two plovers of the genus Pluvialis, having the back marked with golden-yellow spots, P. apricaria, of Europe, or P. dominica, of America. noun 1. any of several plovers of the genus Pluvialis, such as P. apricaria of Europe and Asia, that have golden brown back, head, and wings

  • Golden-polypody

    noun 1. . [hairz-foo t] /ˈhɛərzˌfʊt/ noun 1. a fern, Polypodium aureum, of tropical America, having a brown, scaly rootstock and green or deep bluish-green fronds.

Disclaimer: Golden-parachute definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.