A clause in an executive's employment
contract specifying that he/she will receive large benefits in the event that the
company is acquired and the executive's employment is terminated. These benefits can take the form of severance pay, a
bonus, stock options, or a combination thereof.
Larry Johnston, the biggest douche bag in the
world is getting a 120 million dollar
golden parachute for destroying Albertsons, one of the largest grocery chains in America.. Fuck him..