pension parachute การใช้

• The law firm of Kelley Drye & Warren claims to be the pioneers of the " pension parachute ".
• Their first pension parachute was implemented for Union Carbide, and its design was upheld in Union Carbide s litigation with GAF.
• In corporate governance, the pension parachute protects the surplus cash in the pension fund of the target from unfriendly acquirers; the funds remain the property of the plan s participants in the target company.