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LSDefine

Simple English definitions for legal terms

silver parachute

Read a random definition: sovereign state

A quick definition of silver parachute:

A silver parachute is a type of employment contract that provides severance benefits to a corporate employee, usually below the executive level, in the event of a takeover. It is not as lucrative as a golden parachute, but still provides some financial security to the employee. It is also known as a tin parachute.

A more thorough explanation:

Definition: A silver parachute is a provision in an employment contract that provides severance benefits to a corporate employee, especially one below the executive level, in the event of a takeover. These benefits are usually less lucrative than those provided under a golden parachute.

Example: If a company is acquired by another company, the employees of the acquired company may be worried about losing their jobs. However, if they have a silver parachute in their employment contract, they will receive some severance benefits if they are laid off. For example, they may receive a certain amount of money or health insurance for a certain period of time.

Explanation: The example illustrates how a silver parachute works in practice. It shows that employees who have this provision in their employment contract can receive some benefits if they lose their jobs due to a takeover. However, the benefits are usually not as generous as those provided under a golden parachute, which is a similar provision for executives.

silver certificates | silver-platter doctrine

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babycat
17:45
I don’t know sweetgreen like that because I’m not part of the PMC. your legs looked super tan though
hey now is my favorite
peekaboo, squabble up, tv off and gnx good too. Heart pt 6 and reincarnated for straight lyricism
shaquilleoatmeal
17:49
@babycat: should i bring you to sg next time im in ct?
shaquilleoatmeal
17:49
@ImpartialLion: any obvious diss tracks on there?
Whole thing got clear disses, but wacced out murals has the most obvious call outs
babycat
17:50
i used to work in an office two doors up the street from one and you can really see the glazed sweetgreen stare on the face of all those morgan stanley guys
BulbasaurNoLikeCardio
17:51
I have this professor for a legal analysis and writing for clients class that said you will need a JD and legal experience to get an A. He also grades ridiculously hard but leaves no comments on why you got that grade or what you did wrong. Dude is pissing me off with the whole you are wrong figure it out approach.
babycat
17:51
that’s just not proper teaching what a dickhead
BulbasaurNoLikeCardio
17:53
Going to ruin my 4.0 for a 2SH class.
BulbasaurNoLikeCardio
17:53
At least grad school GPA doesn't matter much
JumpySubsequentDolphin
17:53
@shaquilleoatmeal: the garlic steak thing
shaquilleoatmeal
17:54
@ImpartialLion: "Won the Super Bowl and Nas the only one congratulate me All these *****s agitated, I'm just glad they showin' they faces Quite frankly, plenty artists, but they outdated" this line was everything
shaquilleoatmeal
17:57
@JumpySubsequentDolphin: mm surprisingly no, I do like their steak though. Chicken pesto parm lol i was going off the chicken parm vibe from the night before
shaquilleoatmeal
17:58
@babycat: how many essays do you have to finish? Can catch up another night cause thats priority for you rn
babycat
17:58
@shaquilleoatmeal: I did my main one for today what’s the story?
"****** from my city couldn't entertain old boy, Promisin' bank transactions and even bitcoin, I never peaced it up that **** don't sit well with me, Before I take a truce, I'll take 'em to Hell with me" is a good one too
shaquilleoatmeal
18:00
hes so sneaky with it, like if you honestly don't listen for it, you miss it
100%
shaquilleoatmeal
18:00
you want the long or short story ?
WorthlessAttractiveZombie
18:01
So no GULC, eh?
babycat
18:06
long story. we can go to off topic
no gtown still ?
babycat
18:06
she must’ve had weird vibes if it’s a long story
Kittencattigermeow
18:08
does anyone know what issues UNH is facing?
guys i just spent $200 on groceries. joe biden why did you do this to me
will trump make eggs cheap again
BulbasaurNoLikeCardio
18:10
I spent $600 on a custom AR10 upper in September and just got called and told they now may not ship it until fucking January. Trump needs to make my ship shit faster.
18:10
They making food more expensive so less fats
18:10
trust
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