An executive perquisite that protects executives in the event that the executive is forced to leave the firm is known as a ________.
A) golden parachute contract
B) stock option plan
C) Scanlon plan
D) spot bonus

Question

Quizplus · Accepted Answer

A)A golden parachute contract is a perquisite that protects executives in the event that another company acquires their firm or if the executive is forced to leave the firm for other reasons.At times,golden parachute contracts have been abused but such contracts appear to be lessening.

An Executive Perquisite That Protects Executives in the Event That