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
Ardal	AHR-dahl	Irish
Sayen	-	Native American, Mapuche
Jekaterina	ye-kah-tye-REE-nah, ee-kah-tee-REE-nah	Russian
Arthur	AHR-thər (English), ar-TUYR (French), AHR-toor (German), AHR-tur (Dutch)	English, French, German, Dutch, Norwegian, Danish, Swedish, Welsh Mythology, Arthurian Romance
Crane	[krein]
Kalev (2)	-	Biblical Hebrew