golden parachuteRate this phrase:(0.00 / 0 votes)Say it
An agreement between a company and an employee, usually an executive, specifying that the employee will receive certain significant benefits if employment is terminated.

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"golden parachute." Phrases.net. STANDS4 LLC, 2017. Web. 17 Nov. 2017. <http://www.phrases.net/phrase/golden-parachute_12751>.

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