(redirected from parachutes)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

a golden parachute

if an important manager in a company has a golden parachute, the company agrees to give them a very large sum of money if they lose their job He insisted on a substantial golden parachute as part of the package before taking up the post.
See also: golden, parachute

golden handshake

Generous severance pay to an employee, often as an incentive for early retirement. For example, With a dwindling school population, the town decided to offer golden handshakes to some of the teachers . This slangy business term dates from the mid-1900s. A close relative is golden parachute, a generous severance agreement for an executive in the event of sudden dismissal owing to a merger or similar circumstance. This expression first appeared about 1980.
See also: golden, handshake

golden parachute

n. a special kind of severance pay for persons who may be forced to leave a job. (see also golden handcuffs.) If all the golden parachutes were used at the same time, it would bankrupt the company.
See also: golden, parachute
References in periodicals archive ?
The giant parachute was then expected to slow the descent further.
Guinness World Record adjudicator Samer Khallouf accompanied Gainza on the plane before his jump to make sure the marked Record Parachute was not replaced.
Town and the other 71 Football League clubs met in Derby and agreed to push for a better deal over solidarity payments - with some chairmen claiming that boosting parachute payments from PS16m to PS23m for the first year after relegation will give clubs coming down an unfair advantage.
Paul flew and managed two similar planes in his last post as the Commandant of the Joint Services Parachute Centre at Bad Lippspringe in Germany.
However, when the relative values of the parachutes are ranked from low to high, the parachute at the 25th percentile is equal to 9% of the exit pay package.
Statistically, it's much safer to jump out of an airplane (with a properly packed parachute, of course) than it is driving to the airport to make the jump.
FRENCH CONNECTION: Airborne Systems' European HQ at Llangeinor, near Bridgend, will manage the contract to supply 23,000 parachutes for the French military
Deployed in a cluster, the main parachutes open at the same time, providing the drag necessary to slow the descent of the huge solid rocket motor to a soft landing in the ocean.
ASE also designs, manufactures and supplies a wide range of parachutes and emergency, rescue and survival equipment to the coastguard and civilian businesses.
Ifs one less thing to worry about," she said, also noting the time saved by not having to include parachutes in preflight procedures.
According to LTC John Lemondes, PEO Soldier's product manager for clothing and individual equipment, the T-11 Reserve Parachute is more reliable and much safer than the T-10.
Beginning in 2008, all T-10 parachutes, which have been in the Army inventory for more than 50 years, will be replaced with the Advanced Tactical Parachute System (ATPS) T-11.
Additionally, the book contains a comprehensive history on Cadet parachuting as well as a record of all the types of parachutes used by the military.
The notice stated the need for a modular suite of airdrop items, composed of parachutes, containers, and other air items configured for low-velocity, high-velocity, and free-drop aerial delivery.
READY: At an altitude of 180 km (112 mi), the heat shield separates, and the first of three parachutes deploys, helping to slow the probe.