GOLDEN PARACHUTE CLAUSE

Specialty Definition: GOLDEN PARACHUTE CLAUSE

Domain	Definition
Public Administration	The golden parachute clauses generally provide for long-term employment for top officials But in the event of a takeover, the executives typically have an option to cancel the contract, leave the company and still receive all benefits provided for in the agreement. Source: European Union. (references)
Source: compiled by the editor from various references; see credits.

Language		Translations for "GOLDEN PARACHUTE CLAUSE"; alternative meanings/domain in parentheses.
Italian		clausola del paracadute d'oro. (various references)

Pig Latin		oldengay arachutepay auseclay
Source: compiled by the editor from various translation references.