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Definitions

golden parachute



NOUN
severance pay
Synonyms


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Nolan, who’d led AveXis for less than three years, walked away with over $190 million; according to a financial filing, his payout included a golden parachute worth almost $65 million.

From Salon • Feb. 19, 2025

Upon his retirement, CNN reported Calhoun’s golden parachute will be worth about $45 million in stock awards and options that vest over time.

From Seattle Times • May 12, 2024

In the event of an involuntary termination, Mr. Agrawal was entitled to a so-called golden parachute payment of $60 million, according to a Twitter securities filing.

From New York Times • Mar. 4, 2024

“I have never, ever heard” of a governor providing such a golden parachute to an appointee who resigned, he said.

From Washington Post • Mar. 22, 2023

He will also stay on and continue running Activision Blizzard within Microsoft, the companies announced, so it’s not quite right to say he is getting a golden parachute out of this deal.

From Slate • Jan. 18, 2022