Compensation paid to top management in the event of a takeover is called a:

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Compensation paid to top management in the event of a takeover is called a golden parachute. This is a type of agreement in which executives receive large payouts if the company is taken over or if they lose their jobs due to a merger or acquisition. The purpose of a golden parachute is to provide financial security to top executives and to incentivize them to continue working for the company even if a takeover is imminent.

Compensation Paid to Top Management in the Event of a Takeover