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Topic: CONDITIONS OF EMPLOYMENT

golden parachute

 noun
     
golden parachute [countable] informal
BEC part of a business person's contract which states that they will be paid a large amount of money if they lose their job, for example if the company is sold
Definition of golden parachute from the Longman Dictionary of Contemporary English within
the topic CONDITIONS OF EMPLOYMENT

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casual compassionate leave contractual contribution contributory earnings-related employment expense account fieldwork flexitime freelance golden handshake golden parachute grade(n) grade(v) gratuity green card job description job-sharing leave maternity leave medical certificate mileage minimum wage motor pool night shift noncontributory out-of-pocket expenses out of work outplacement part-time paternity leave pensionable peon probation probationer profit sharing retirement plan returner rota rotate sabbatical semi-skilled sick note sick pay split shift superannuation scheme sweated labour swing shift time card time clock time sheet tour of duty underpaid work permit

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