Compensation given to an executive if he or she is forced to leave an organization is called a golden parachute.

Name: Compensation given to an executive if he or she is forced to leave an organization is called a golden parachute.
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A golden parachute is a compensation package given to executives in the event that they are forced to leave an organization due to a merger or acquisition. It typically includes severance pay, stock options, and other benefits.

Compensation Given to an Executive If He or She Is