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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':

Definitions include: of good quality. Also used to describe something that one is proud of.
Definitions include: a classic.
Definitions include: the urination onto a person for sexual pleasure.
Definitions include: to take advantage of a wealthy provider.

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