Meaning of “golden parachute” in the English Dictionary

british dictionary

(Definition of “golden parachute” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"golden parachute" in Business English

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golden parachutenoun [ C ]

uk us HR

a large payment made to an executive if they are forced to leave a company, for example, if it is bought by another company:

Investors voted against a golden parachute which could have netted the chief executive up to $36 million if he was fired.

(Definition of “golden parachute” from the Cambridge Business English Dictionary © Cambridge University Press)