Golden Parachutes

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Term: Golden Parachutes

Definition:A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated. These benefits can take the form of severance pay, a bonus, stock options, or a combination thereof.

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CoursePage Number
26 - Compensation Committees: Framework for Executive Compensation Alignment 8
26 - Compensation Committees: Framework for Executive Compensation Alignment 16
42 - Accumulated Earnings and Deferred Compensation 21
21 - Compensation for Business Leaders 22
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