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..
by Kritikal June 11, 2006
Get the golden parachute mug.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.
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.
by theinstigator December 15, 2013
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(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.
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.
by bob1957 December 29, 2009
Get the parachute kids mug.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.")
by hero88 October 20, 2009
Get the Parachute Regiment mug.Ingesting a powdered substance, usually a crushed up pill, by wrapping it in some toilet paper and swallowing it.
by JDG May 27, 2003
Get the parachute mug.Freshly wiped poop on toilet paper that is being thrown over the stall wall which gently descends on the person in the adjacent stall.
My buddy Todd and I were in the bathroom dropping a deuce at the local Arby's when I told him to look up and tossed him a muddy parachute.
by RangerRick77 February 26, 2011
Get the muddy parachute mug.The empty parachute theory is when someone (can be boy or girl but is usually a girl in heterosexual relationships) dating a boy/girl feels that their being able to get said person shows that they are clearly destined for greater things (better people) so after a while they will dump said person and attempt to find someone else. After they are unsuccessful in finding/keeping a new relationship they will then attempt to go back to the first person, almost as if they had jumped off of a cliff when they broke up with them and now after realising they had no parachute (no chance with others) they are crawling back to the top of the cliff (Original person).
This theory is common in instances where the girl was shy but attractive and the boyfriend is average (or easily friend zone-able) but is friends with a lot of people. Once the girl has become part of his social group she might feel that she can do better and attempts to find others without realising that without dating said guy she doesn't have any sort of parachute and is back at square one (If not lower).
This theory is common in instances where the girl was shy but attractive and the boyfriend is average (or easily friend zone-able) but is friends with a lot of people. Once the girl has become part of his social group she might feel that she can do better and attempts to find others without realising that without dating said guy she doesn't have any sort of parachute and is back at square one (If not lower).
Tim: You know my ex Emerson who dumped me a month back? She asked me out.
Alexandra: Yeah obviously, it's the empty parachute theory, she thought getting you was good but thought she could get even luckier, don't waste your time.
Jacob: Michelle dumped Jim, I wonder why, they were so good together and he helped make her so many good friends.
Amy: Oh that's classical textbook empty Parachute theory. Wait 3 weeks and she will be begging for him back.
Alexandra: Yeah obviously, it's the empty parachute theory, she thought getting you was good but thought she could get even luckier, don't waste your time.
Jacob: Michelle dumped Jim, I wonder why, they were so good together and he helped make her so many good friends.
Amy: Oh that's classical textbook empty Parachute theory. Wait 3 weeks and she will be begging for him back.
by Primmy114 April 21, 2014
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