TIN PARACHUTE
tin parachute. An employment-contract provision that grants a corporate employee (esp. one below the executive level) severance benefits in the event of a takeover. ? These benefits are typically less lucrative than those provided under a golden parachute. ¡ª Also termed silver parachute. Cf. GOLDEN PARACHUTE.
What is the legal equivalent of the term TIN PARACHUTE in Chinese?
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