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  1. golden parachute love

Definitions

American Heritage® Dictionary of the English Language, Fourth Edition

  1. n. Slang An employment agreement that guarantees a key executive lucrative severance benefits if control of the company changes hands followed by management shifts.

Wiktionary

  1. n. idiomatic, business An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.

GNU Webster's 1913

  1. v. a generous set of financial benefits, including severance pay, provided by contract to a high-level corporate employee in the event s/he is dismissed or his/her job is lost in a corporate takeover or merger; also, the contract providing for such benefits.

WordNet 3.0

  1. n. giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover

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hypernyms (2)

Words that are more generic or abstract

  1. shark repellent
  1. porcupine provision

reverse dictionary (1)

Words that contain this word in their definition

  1. golden umbrella

tags (1)

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  1. ppwp_jobinterview

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Lists

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  • john "Mr. Paulson, in Congressional testimony last week, had also expressed support for provisions to limit the pay of executives whose firms seek assistance, including a ban on so-called golden parachute retirement plans."

    The New York Times, Consensus on Rescue Plan Is Said to Be Near, by David M. Herszenhorn and Carl Hulse, September 27, 2008 Sep 28, 2008

  • kalidas definition: something valuable that you gain while exiting a not-so-pleasant situation Jan 4, 2007

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‘golden parachute’ has been looked up 1478 times, added to 8 lists, commented on 2 times, and is not a valid Scrabble word.