golden parachute Meaning and Definition

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English Translation for golden parachute

golden parachute

سنہرا محافظ چھتری

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English definition for golden parachute

1. n. giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover

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A golden parachute is an agreement between a company and an employee (usually upper executive) specifying that the employee will receive certain significant benefits if employment is terminated.
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