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LSDefine

Simple English definitions for legal terms

silver parachute

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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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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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