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.

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词条贡献者

译者Sherry，毕业于欧洲顶尖的高级翻译学院，擅长翻译各种与复杂并购相关的法律文件。