Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Parachute

An employment contract that states if there is a change in control of the corporation, there will be an increase or accelerated payments or vesting or some other rights to the employee once the change is final as stated in the contract.

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Common Compensation Terms and Formulas - January 2026

Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
Salary structure formulas and strategies

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