![France - French Employment law - Golden parachute of a Director, senior manager (Cadre dirigeant): allowance of 981,100 euros reduced to 1,000 euros (c. cass. March 4th, 2020, n° 18-20531)](https://consultation.avocat.fr/images/articles/illustration-09.png)
France - French Employment law - Golden parachute of a Director, senior manager (Cadre dirigeant): allowance of 981,100 euros reduced to 1,000 euros (c. cass. March 4th, 2020, n° 18-20531)
Par Frédéric CHHUM le 03/05/2020
Summary The purpose of paying a lump sum indemnity (parachute doré / golden parachute) of three years of annual net salary in the event of the employee's departure on the initiative of the employer was to provide the employee with a guarantee of job security and to sanction the employer in the event of breach of the contract and constituted a penal ... Lire la suite >
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