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Meaning of “golden parachute” in the English Dictionary

"golden parachute" in British English

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golden parachutenoun [C]

uk   /ˌɡəʊl.dən ˈpær.ə.ʃuːt/ us   /ˌɡoʊl.dən ˈper.ə.ʃuːt/ informal
a large payment made to someone who has an important job with a company when that person is forced to leave their job
(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)
What is the pronunciation of golden parachute?
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