Golden parachute

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

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What Wikipedia says

A golden parachute is an agreement between a company and an employee (usually an upper executive) specifying that the employee will receive certain significant benefits if employment is terminated. These may include severance pay, cash bonuses, stock options, or other benefits.

Excerpt from the Wikipedia article “Golden parachute”, under the CC BY-SA 4.0 license. Read the article on Wikipedia