TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

GOLDEN PARACHUTE [1 record]

Record 1 2012-07-09

English

Subject field(s)
  • Employment Benefits
  • Remuneration (Personnel Management)
DEF

A lucrative contract that is given to top executives in the event that the company is taken over by another corporation and results in job loss, ... usually includes a large amount of severance pay, stock options, and a bonus.

OBS

Golden parachutes are usually a part of an anti-takeover strategy.

French

Domaine(s)
  • Avantages sociaux
  • Rémunération (Gestion du personnel)
DEF

Contrat lucratif accordé à un cadre dirigeant prévoyant de généreux avantages, par exemple sous forme d'une indemnité ou d'une prime de départ ou sous forme d'options d'achat d'actions, au cas où celui-ci viendrait à perdre son emploi par suite de l'acquisition de la société qu'il dirige par une autre entreprise.

CONT

Le parachute doré. Il consiste à assurer à l'équipe dirigeante des indemnités de départ faramineuses.

Spanish

Campo(s) temático(s)
  • Beneficios sociales
  • Remuneración (Gestión del personal)
DEF

[...] contrato de los altos ejecutivos de las grandes empresas, de forma que si éstos cesan en su actividad reciben importantes compensaciones en el momento del finiquito.

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