/ˈɡoʊldən ˈpɛrəˌʃuːt ˈklɔz/ – Phrase
Definition: Điều khoản hậu quả và phúc lợi cho các quan chức cấp cao khi họ bị sa thải hoặc mất chức vụ.
A more thorough explanation: an agreement between a company and an employee (usually a top-level executive) under which the employee will receive certain benefits if employment is terminated (sometimes used to prevent takeovers)
Example: Frequently, golden parachute clauses contain language that states these benefits may only be available if the company is taken over by another company.