golden parachute

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golden parachute

Clause in an employment contract, usually that of an executive, providing for financial or other benefits should the executive be sacked or leave as a result of a merger, takeover, or buyout.

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Bonfield, Peter Leahy
golden handshake

terminate

And should Mayor Antonio Villaraigosa ultimately gain control of the district and fire him, Brewer is guaranteed a golden parachute.

EDITORIAL BREWER'S MILLIONS FOR ALL THE MONEY HE'S GETTING, NEW LAUSD ... by Daily News (Los Angeles, CA)

Executive's $400 million golden parachute and when companies' yearly net profits outdo even Wal-Mart.

Oil companies are gouging by Simpson, Robert L. / The New American

The FDIC's regulations on golden parachute agreements are found in 12 CFR 359 and are discussed in this manual section.

Publication of the November 2003 update to the Commercial Bank ... by Federal Reserve Bulletin

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