Parachute Plan definition
Parachute Plan means any plan, program or policy of any kind or description whatsoever or provision in an Employment Contract that promises any special or enhanced benefits as a result of a change of control in GSHS or any Subsidiary.
Examples of Parachute Plan in a sentence
Except as expressly or by necessary implication amended hereby, each Incentive Plan and Golden Parachute Plan shall continue in full force and effect.
Parachute Plan........................................................