Technology Terms Glossary
What is a golden parachute?
Note that a golden parachute is a clause in severance contracts that provides a top executive with a substantial or lucrative package on termination. Some of the benefits include cash bonuses, severance pay, and stock options.
A golden parachute is usually a contract with key executives in a company and is often used as a type of anti-takeover measure in Mergers and Acquisitions (M&A).
Elements
Some examples of golden parachute include:
- Example 1: Paid health insurance
- Example 2: Paid dental insurance
- Example 3: Stock options
Here is a comprehensive article about a golden parachute .
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
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Morgan S.
Corporate Attorney that represents startups, businesses, investors, VC/PE doing business throughout the country. Representing in a range of matters from formation to regulatory compliance to financings to exit. Have a practice that represents both domestic and foreign startups, businesses, and entrepreneurs. Along with VC, Private Equity, and investors.
"Morgan delivered far beyond the price point. He didn't just review our investor package — he caught gaps two other reviewers missed (including a top-tier venture firm we benchmarked him against), rebuilt the custom documents to professional standard, and added missing closing mechanics we didn't even know we needed: the 83(b) election, escrow instructions, stock assignment. He pushed back on his own client when the documents said otherwise — that's the lawyer you want. §144 analysis citing the 2025 Delaware reform, triple anti-broker-dealer protections, a related-party ARR cap he invented on his own — depth you'd expect at five times the fee, closed out with a proper written memo on firm letterhead. The timeline ran a bit longer than planned in places, but the result was more than worth it: every item closed, every question answered, the whole package consistent and ready to sign. Very happy overall — would hire again, and our next project is already queued."
August 1, 2023
Christopher I.
• Owner and managing attorney at the Irak Law Office in Indiana. • Practice areas include business law, startup formation, contract drafting, and deal structuring. • Passionate about serving entrepreneurs and small business owners. For more, visit https://iraklaw.com
Christi D.
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Christi D.
Attorney.
Sara E.
Family Law Attorney
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Timothy J.
Financial Services, Business, Corporate, Personal Injury, and Healthcare. I've represented fortune 100 companies and defended individuals in personal debt litigation. Wide breadth of experience, ready to assist.
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Mervin F.
Greetings, I am a Miami based attorney, running a solo practice, looking to expand my reach and help some people out.
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