A pension provision that allows a company to take excess pension funds during a hostile takeover and use them to benefit the pension beneficiaries in some manner. This action prevents the company initiating the hostile takeover from using excess pension funds to finance the hostile acquisition and also serves to ensure some protection for the pension participants.  A pension parachute is similar to a poison pill because it deters hostile takeovers.
Related information about pension parachute:
- Pension parachute - Wikipedia, the free encyclopedia
 A pension parachute is a form of poison pill that prevents the raiding firm of a   hostile takeover from utilizing the pension assets to finance the acquisition.
 
- Pension Parachute - Financial Dictionary - The Free Dictionary
 A form of poison pill providing that in the event of a hostile takeover attempt, any   excess pension plan assets can be used to benefit pension plan participants.
 
- Pension Parachute
 Pension parachute is a kind of defensive approach adopted by corporations to   get secured against unreceptive takeover. Basically, Pension Parachute is a ...
 
- What is pension parachute? definition and meaning
 Definition of pension parachute: A pension provision that allows a company to   take excess pension funds during a hostile takeover and use them to benefit the ...
 
- pension parachute - Business Definition
 pension parachute definition: A pension agreement stating that, in the event of an   unfriendly takeover, a firm can use any surplus pension assets to increase ...
 
- Pension Benefit Guaranty Corporation - Business Definition
 pendente lite · penetration pricing · penny stock · pennying · pension cost ·   pension fund · pension parachute · pension plan · Pension Protection Act of 2006 ...
 
- Postmaster's Pension Parachute - Fedblog - News - GovExec.com
 Nov 16, 2010 ... The financial news at the Postal Service certainly has not been good lately, with a   total of $8.5 billion in losses in fiscal 2010. Amidst the ...
 
- * Poison pill - (Business): Definition
 Pension parachute A form of poison pill providing that in the event of a hostile   takeover attempt, any excess pension plan assets can be used to benefit pension ...