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Home > Terms > English, UK (UE) > Golden parachute
Golden parachute
A contractual arrangement between a key employee and the company that provides for the payment of a large bonus or other payment to the employee upon the occurrence of certain events, such as termination of employment without cause or the merger or sale of the company.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Private equity
- Company:
- Product:
- Acronym-Abbreviation:
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