tin parachute

noun

an employment agreement guaranteeing a worker compensation, especially in the form of bonuses and benefits, in the event of dismissal as a result of a merger or takeover.

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Origin:
1985–90

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Tin parachute is always a great word to know.

So is zedonk. Does it mean:

the offspring of a zebra and a donkey.

a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.

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