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..

golden parachute by Kritikal June 11, 2006

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fart parachute

the occurrence of really loose pants puffing up with air and becoming taut due to a powerful fart.

Harry: Will you look at that.

Greg: What? Mary?
Harry: Yeah. She's way too large to be wearing yoga pants. And even as big as she is, the pants look kinda baggy.
Greg: Whoa! What the hell happened?
Harry: Hah! She farted!
Greg: Her pants inflated! That's incredible!
Harry: That, my friend, was a fart parachute.

fart parachute by theinstigator December 15, 2013

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parachute kids

(PAIR.uh.shoot kidz) n. Children sent to a new country to live alone or with a caregiver while their parents remain in their home country.

Craig, a high school senior, lives a fantasy most teen-agers only dream. He and his sister Zoe, 14, live in a sprawling San Marino ranch house, their one chaperon an elderly servant who speaks no English...Craig and Zoe are examples of a phenomenon so familiar in the Chinese community that there is a nickname for it: "parachute kids" — dropped off to live in the United States while their wealthy parents remain in Asia.

The parents, mostly from Taiwan, want their children in more open, less cutthroat U.S. school systems, in which the chances of getting into college are much greater.

Parents may place their children with distant relatives or paid caretakers, or simply buy a house for them and have them stay alone. Under these scenarios, the youngsters often live much as adults would, deciding when to go to sleep or attend school and whether dinner will consist of leafy greens or potato chips.

parachute kids by bob1957 December 29, 2009

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Parachute Regiment

The most elite and highly trained regiment in the British military. Recruits undergo exclusive training at Catterick, Yorkshire, before undergoing the gruelling P-Company, a week of physical endurance tests, the military equivalent of evolution; only the strong will survive. Generally full of young men too violent for civilian life, the Parachute Regiment is the generals' 'weapon of choice' when attacking heavily defended enemy positions.

"I was going to join the Parachute Regiment but...." (generally followed by a weak excuse, for example, "I suffered a heart attack on P-Company.")

Parachute Regiment by hero88 October 20, 2009

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