Advanced as in severance pay Compensation package, often lucrative, provided to top executives in case of job termination, typically including severance pay and benefits. Clear All
3 Example Sentences Showcasing the Meaning of 'Golden Parachute'
The top executive's golden parachute included stock options and health benefits upon leaving the company.
The executive's golden parachute became a contentious issue in the media, sparking debates about executive compensation ethics.
The golden parachute became a symbol of corporate excess as the company laid off hundreds of employees amidst reports of executive bonuses.
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