tin parachute
noun
an employment agreement guaranteeing a worker compensation, especially in the form of bonuses and benefits, in the event of dismissal as a result of a merger or takeover.
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Origin of tin parachute
First recorded in 1985–90
Words nearby tin parachute
Tínos, tin-pan, Tin Pan Alley, tin-panning, tin pants, tin parachute, tin pest, tin plate, tin-pot, tin pyrites, tinsel
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020