Which term usually describes severance packages for executives?

A) RRSPs
B) termination benefits
C) golden parachutes
D) just cause severance

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.