This is known as 'change-in-control' benefits. A golden parachute serves as an incentive or form of compensation for certain executives in exchange for the. Definition of Golden Parachute Payments. IRC § G can impose additional taxes on golden parachute payments. A payment in the nature of compensation made to or. A golden parachute is an agreement made between high-ranking executives and the companies that employ them. Usually, these arrangements state that the. GOLDEN PARACHUTE meaning: a large amount of money that a company pays to an executive who is being forced to leave the company. Golden parachute are contracts with key executives that can be used as an anti-takeover measure, also known as poison pills, taken by a company to discourage an.
Golden Parachute Definition An agreement by a corporation with an executive to provide substantial payments to the executive in the event of a change in. golden parachute payment (L)Costs of commercial insurance that protects against the costs of the contractor for correction of the contractor's own defects in. A golden parachute, in mergers and acquisitions (M&A), refers to a large financial compensation or substantial benefits guaranteed to company executives. Golden Parachute Definition A very large sum of money or other liberal compensation given as severance pay by a corporation to a top executive. Webster's New. Definition: A golden parachute is a contractual provision designed to provide substantial financial benefits to top-level executives in the event of certain. Golden parachute definition: an employment contract or agreement guaranteeing a key executive of a company substantial severance pay and other financial. A golden parachute is a contractual agreement between an organization and a high-ranking executive that specifies the benefits the employee will receive in. The FindLaw Legal Dictionary -- free access to over definitions Search for a definition or browse our legal glossaries. term: Golden Parachute. golden. Golden Parachute Definition A golden parachute refers to a generous compensation package promised to a senior executive in the event that the executive leaves. Golden Parachute Definition A golden parachute is a financial arrangement in a company's executive's employment contract that provides substantial benefits if. Define golden parachute. golden parachute synonyms, golden parachute pronunciation, golden parachute translation, English dictionary definition of golden.
Definition: A "Golden Parachute" is a large severance package that is provided to a senior executive or member of a board of directors in the event of a. A golden parachute is an agreement between a company and an employee (usually an upper executive) specifying that the employee will receive certain. A “golden parachute” agreement is one in which an employer states that it will pay a key executive or group of executives an amount over and above normal. Golden parachutes are financial compensation agreements that provide substantial benefits to top executives in the event of a merger, acquisition. golden parachute, a provision in an employment contract that grants lucrative severance benefits to an executive if control of the company changes hands. Agreement means, with respect to a golden parachute payment, any plan, contract, arrangement, or other statement setting forth conditions for any payment by a. a large payment made to an executive if they are forced to leave a company, for example, if it is bought by another company. The proposed definition would permit FICUs to continue to provide legitimate deferred compensation plans, including supplemental retirement benefits and. Golden parachute refers to a payment agreement that provides officers and management with financial security if they lose their jobs or face significant.
Define Golden Parachute. Provision. Any payments made to the EMPLOYEE pursuant to this AGREEMENT or otherwise are subject to and conditioned upon their. Golden parachute refers to a payment agreement for officers and management if they lose their jobs or face major changes to their jobs due to a sale of. A golden parachute is the part of the employment contract that provides the employee will receive large benefits if the company is acquired and the. Find the legal definition of GOLDEN PARACHUTE from Black's Law Dictionary, 2nd Edition. To compensate for loss of office after a takeover or merger. A golden parachute is a contractual provision in the employment contract of a key executive that provides special protection if that executive should be.
Definition of golden parachute Arrangements made in advance by directors to provide themselves with a sum of money if they are ousted in a hostile take-over. Definition of a Golden Parachute: a form of employee benefits or executive compensation, wherein the executive is provided with a lucrative severance.