公司收购常常可能会导致公司的董事、总裁等高级管理人员以及普通员工被解雇。为了解除高级管理人员及普通员工的后顾之忧，同时也为了在最大程度上避免恶意收购，美国很多公司往往会签订golden parachute金降落、tin parachute锡降落及silver parachute银降落等协议。golden parachute金降落与silver parachute银降落主要保护的是高级管理人员的利益，而tin parachute锡降落则注重保护员工的利益。

golden parachute金降落

金降落协议规定，一旦因为公司被并购而导致董事、总裁等高级管理人员被解职，公司将提供相当丰厚的解职费、股票期权收入和额外津贴作为补偿费。以此构成敌意收购的壁垒，使收购变得不那么有利可图，或是给收购者带来现金支付上的沉重负担。

A golden parachute consists of substantial benefits given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the merger or takeover. Golden parachutes are contracts with key executives and can be used as a type of anti-takeover measure, often collectively referred to as poison pills, taken by a firm to discourage an unwanted takeover attempt. Benefits may include stock options, cash bonuses, and generous severance pay.

tin parachute锡降落

锡降落一般是当公司被并购时，根据工龄长短，让普通员工领取数周至数月的工资。锡降落的单位金额不多，但聚沙成塔，有时能很有效地阻止敌意收购。

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

Silver parachute

银降落策略是指规定目标公司一旦落入收购方手中，公司有义务向被解雇的董事以下高级管理人员支付较“金降落伞策略”稍微逊色的同类向保证金（根据工龄长短支付数周至数月的工资）。

A silver parachute is a clause in a hiring contract outlining special compensation arrangements paid to specific employees when they leave a company or their position is made redundant or they are laid off. These types of clauses frequently come into effect following a merger, acquisition, or other change in corporate control.

​以下为相关双语示例，供参考：

Typically, mergers and acquisitions (M&A) will also offer tin parachutes for other employees who lose their position within three years of a change of corporate control. When enacted, employees are often eligible to receive one year’s salary plus two weeks for each year of service up to 52 weeks.

一般来说，并购交易会为在企业控制权变更三年内其他失去工作的员工提供锡降落协议。一旦这一协议实施，员工将有资格获得一年的年薪加上工作年限每一年增加两周的薪资（最多52周）。

The high layoff packages, known as “golden parachute”, are increasingly common in the corporate world.

被称为“金降落”的高额离职费，已经渐渐成为当前企业界的普遍现象。

来源：译问