Flexible Spending Account. Your employer may offer dependent care benefits by allowing you to use pre-tax dollars to pay for your child care expenses. This arrangement is a flexible spending account that is funded pre-tax contributions, deducted from your pay. For 2013, the maximum tax-free amount is $5,000.
golden parachute. A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated.
n (U.S) a contract with an employer, now illegal, in which an employee agreed not to join a trade union during his employment. (C20: from US yellow-dog anti-trade union, from yellow dog mongrel, contemptible person). English Collins Dictionary-English Definition & Thesaurus &nbsp. See also: contract out, contract bridge, service contract, social contract. salary review. salary review. n. salary increase. side letter. side letter. n.