| 释义 |
tin parachute
tin parachuten. Slang An employment agreement that guarantees a severance payment to employees who are dismissed after a company has had a change in ownership.
[On the model of golden parachute.]tin′ par′achute
n. an employment agreement guaranteeing a worker compensation, esp. in the form of bonuses and benefits, in the event of dismissal as a result of a merger or takeover. [1985–90] tin parachute
tin parachute An employee-protection plan that guarantees severance pay, outplacement assistance, and health and life insurance benefits to all employees who lose their jobs because of a corporate takeover. A generous tin parachute serves to make a takeover more expensive and less likely. |