- tin parachute
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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]
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Universalium. 2010.
tin parachute
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tin parachute — 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, a contract guaranteeing continued wages and… … Useful english dictionary
tin parachute — tin′ par′achute n. bus 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 • Etymology: 1985–90 … From formal English to slang
tinparachute — tin parachute n. Slang An employment agreement that guarantees a severance payment to employees who are dismissed after a company has had a change in ownership. [tin + golden parachute.] * * * … Universalium
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