MLchartDataset catalogue

Golden parachute

Term · Law · MLC-T-LAW-002321

A contractual agreement between a company and its executives that provides substantial benefits, such as severance pay, stock options, or bonuses, if the executive is terminated due to a merger or acquisition. These provisions are designed to protect executives in the event of a change in control. The terms are disclosed in proxy statements filed with the Securities and Exchange Commission.

Table 1. Record
IdentifierMLC-T-LAW-002321
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002321",
  "term": "Golden parachute",
  "field": "Law",
  "definition": "A contractual agreement between a company and its executives that provides substantial benefits, such as severance pay, stock options, or bonuses, if the executive is terminated due to a merger or acquisition. These provisions are designed to protect executives in the event of a change in control. The terms are disclosed in proxy statements filed with the Securities and Exchange Commission.",
  "url": "https://mlchart.com/terminology/law/golden-parachute/"
}

Record 2,230 of 5,439 in Law terminology (MLC-0107). Request the full dataset.