Moderate as in severance pay A compensation or benefits package offered to top executives in the event of their termination due to a merger, acquisition, or corporate restructuring. Clear All
5 Example Sentences Showcasing the Meaning of 'Golden Parachute'
High-ranking officials often have golden parachutes to ensure financial stability in case of unexpected terminations.
Employees at lower levels often wish for benefits similar to a golden parachute in times of job uncertainty.
The high-ranking executive was relieved to have a golden parachute when the company faced financial challenges.
The golden parachute provision was invoked when the company announced its intention to merge with a competitor.
The golden parachute arrangement provided executives with a sense of security amid the uncertainty of the corporate world.
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