tin parachute

tin parachute. An employment-contract provision that grants a corporate employee (esp. one below the executive level) severance benefits in the event of a takeover. • These benefits are typically less lucrative than those provided under a golden parachute. — Also termed silver parachute. Cf. GOLDEN PARACHUTE.
专业法律词汇 词条贡献者
法律翻译David,毕业于美国顶尖的高级翻译学院,专注翻译各类与电子证据开示与文件保全有关的法律文件。
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