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Golden Parachutes
Golden parachutes are sizable benefits guaranteed to company executives if they are removed from their position or the company is taken over.
Severance Packages
Financial compensation provided to employees upon termination of employment, generally based on factors like length of service and position level.
Termination Benefits
Payments and services provided to employees upon their leaving the company, which may include severance pay, continued health insurance, and other perks.
Nonmandatory Benefits
Employee benefits that are not legally required but offered by employers to attract and retain employees, such as health insurance, retirement plans, and flexible working hours.
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