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1 tin parachute
= indemnité versée à un employé lorsque son poste est supprimé suite à une fusionEven less common than gold or silver parachutes are tin parachutes -- severance plans that cover all of the employees of a company in the event it undergoes a change in control. The value of a tin parachute will vary significantly from company to company, says Siske, but will typically provide a severance payment linked to the recipients' years of service and/or their age, often with a cap, such as 1.5 times annual compensation.
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