Parachute definition
Parachute means a device used or intended to be used to retard the fall of a body or object through the air.
Parachute means a parasol-shaped device used to retard the fall of human beings, articles or animals from the height by the resistance of the air;
Parachute means any device comprising a flexible drag, or drag and lift, surface from which load is suspended by shroud lines capable of controlled deployment from a packed condition;
Examples of Parachute in a sentence
You must inform The Provider if any such medical or other condition arises after you agree to this Parachuting Contract and prior to undertaking the Parachute Activities.
More Definitions of Parachute
Parachute as used herein means the Sitel employee handbook.
Parachute or similar obligations to any officer, director, consultant or Employee, whether arising or created before, on or after the date of this Agreement, arising or payable by virtue of the transactions contemplated by this Agreement or otherwise;
Parachute. Payments. Except as required by law or as set forth on Schedule 2.17(b), neither CML Fiberoptics nor Electro has made, or may be obligated to make, to any current or former employee of CML Fiberoptics or Electro any payment in the form of wages or other compensation pursuant to any employment agreement or Plan as a consequence, in whole or in part of this Agreement or of any change in the ownership or effective control of CML Fiberoptics or Electro or the business of either.
Parachute means an apparatus designed to be opened by its motion through the air after exiting from an aircraft in flight and to slow that motion to an acceptable rate of descent.
Parachute provisions of Section 280G and 4999(a) of the Internal Revenue Code of 1986, as amended, then the Company shall pay Employee an additional amount of cash (the "Additional Amount") such that the net amount received by Employee, after paying all applicable excise taxes and all other federal and state taxes on such Additional Amount, shall be equal to the net amount that Employee would have received if payments made hereunder were not subject to such parachute excise tax.
Parachute means a parasol-shaped device that uses air-resistance to slow down the free fall of a human being, thing, or animal from a height;
Parachute payments Section 7.07 "payoff letters" Section 5.09