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golden parachute

Related topics: Conditions of employment
ˌgolden ˈparachute noun [countableC] informal  
BECpart of a business person’s contract which states that they will be paid a large amount of money if they lose their job, for example if the company is sold 金降落伞〔指商界人士若被解雇可获得大笔补偿金的约定〕
Examples from the Corpus
From Longman Business Dictionary
golden parachuteˌgolden ˈparachute noun [countableC]HUMAN RESOURCES
an arrangement in which a senior employee of a company will be paid a large amount of money if they lose their job, for example if the company is sold
The golden parachutes were in place to give the top people a big pay-off should the company be taken over.
ˌgolden ˈparachute noun
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See also: golden parachute


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