golden parachute

A large severance package given to an executive who is forced to leave a company due to a corporate merger or takeover. Daniel refused to take the position unless the company added a golden parachute clause to his contract.

golden parachute

n. a special kind of severance pay for persons who may be forced to leave a job. (see also golden handcuffs.) If all the golden parachutes were used at the same time, it would bankrupt the company.

Common Names:

Name	Pronounced	Usage
Gertrudes	-	Portuguese
Yordana	-	Bulgarian
Cvijeta	TSVEE-e-tah	Croatian, Serbian
Teodor	te-AW-dawr (Polish), TE-o-dor (Croatian)	Swedish, Norwegian, Danish, Romanian, Czech, Slovak, Polish, Serbian, Croatian, Slovene, Hungarian,
LourenÇO	law-REN-soo (Portuguese), law-REN-soo (Brazilian Portuguese)	Portuguese
Eutychios	-	Ancient Greek