Golden Parachute

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/ˈgoʊldən ˈpɛrəˌʃut/

Golden parachutes entitle them to a full year's salary if they get booted out of the company.
Hope you've brought your golden parachute.
And what I 'm guessing is a trophy wife looking for her golden parachute.
But he has a golden parachute & he's been offered a job as a senior vice president in a big company in his home state of New York.
Golden parachute : Contractual benefits that assure a high-level employee of generous payments if a company is taken over and he or she is dismissed as a result.

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