Moderate as in bonus Compensation package, often lucrative, provided to top executives in case of job termination, typically including severance pay and benefits. Clear All
4 Example Sentences Showcasing the Meaning of 'Golden Parachute'
When the company merged, the top executive activated his golden parachute, receiving a substantial severance package.
During the merger talks, the board discussed implementing a golden parachute agreement to retain key leadership in uncertain times.
The high-ranking executive was relieved to have a golden parachute when the company faced financial challenges.
During the negotiation, the executive insisted on including a golden parachute clause in the contract to secure a safety net in case of termination.
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