Definition of golden parachute

golden parachute

• an employment clause specifying that if the employee is dismissed, they will receive a very large severance package.

  Last edited on Sep 09 2009. Submitted by Walter Rader (Editor) from Sacramento, CA, USA on Sep 09 2009.

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Other terms relating to 'golden':
golden	Definitions include: of good quality. Also used to describe something that one is proud of.
golden oldie	Definitions include: a classic.
golden shower	Definitions include: the urination onto a person for sexual pleasure.
suck the golden teat	Definitions include: to take advantage of a wealthy provider.

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