![]() |
![]() |
Definition: a Golden Parachute is a form of employee benefits or executive compensation, wherein the executive is provided with a lucrative severance package in the event of job termination, for example in case of a takeover by an acquiring company. A GP may include a continuation of salary, bonus and/or certain benefits and perquisites, as well as accelerated vesting of stock options. |
More on compensation and benefits: Broadbanding, Competency-based Pay, Employee Benefits, Executive Compensation, Golden Handcuff, more... |
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2023 MBA Brief - Last updated: 29-1-2023 - Privacy | Terms