Comparative law notes
Although the term can be translated into Hungarian, it is not an official legal term in Hungary. A type of severance payment can be awarded to high-ranking employees (such as directors).
arany ejtőernyő
főnév
partial
golden parachute
noun
Definitions of golden parachute
financial benefits provided to employees (usually senior employees or directors) on leaving their employer
The shareholders were angered by a golden parachute clause in the director's service contract entitling her to a payout of £2 million if the company is taken over.