Meanings
How to pronounce "golden parachute":
AU
An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.
Example Sentences
1
When the company went bankrupt, the CEO walked away with a golden parachute.
2
The executives negotiated golden parachutes for themselves in case of a hostile takeover.
3
She landed softly with a golden parachute after being fired from her high-paying job.
4
The CEO received a lavish golden parachute when he retired.
5
The board of directors approved a golden parachute clause in the CEO's contract.
