A "silver parachute" references large severance payments received by top executives when they leave their employment at a corporation.

Name: A "silver parachute" references large severance payments received by top executives when they leave their employment at a corporation.
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A "silver parachute" refers to severance packages for lower-level employees, while "golden parachute" is the term for large severance payments for top executives.

A "Silver Parachute" References Large Severance Payments Received by Top