This is a limited preview — please sign in or subscribe to learn everything we know about the term “golden parachute”.

golden parachute

noun

Definitions of golden parachute

  • financial benefits provided to employees (usually senior employees or directors) on leaving their employer

    "The shareholders were angered by a golden parachute clause in the director's service contract entitling her to a payout of £2 million if the company is taken over."

Phrase Bank for golden parachute

Additional Notes for golden parachute

Discounts for lawyers and law firms

Save time and money for you and your clients with our unique knowledge base.

Learn more

Improve your Legal English skills

Try the sample and preorder our digital coursebook, the English for Law at a big discount!

Try the sample unit!
TransLegal