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| Resources for Entrepreneurs | Entrepreneur's Glossary | ||||
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Golden Parachute
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Definition of Golden ParachuteA Golden Parachute is an employment perk that is given to upper management.
Golden parachute contract terms will give a large payout to executives upon the occurrence of certain change of control transactions. For example, two common golden parachute triggers are if the company is bought out or if a certain percentage of company equity is purchased by an outside entity. If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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