A substantial compensation given to top executives as a severance bonus when they are terminated from the positions in the event of a corporate merger or takeover.

在发生合并或兼并的情况下，公司高层行政领导离开其职位时所获得的丰厚补偿，作为高额离职补助金。

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The Wall Street Journal said executives of the two companies are looking at a merger or some other kind of matchup and said the talks appear to be early-stage discussions.

华尔街日报说两家公司执行官正考虑一次合并或者其它类型的组合。并且说， 对话看上去是早期阶段的讨论。

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At bank of America, executives debated whether Merrill's losses were so severe that the bank could walk away from the deal, citing the 'material adverse effect' clause in its merger agreement.

对于美林的亏损是否严重到足以让美国银行可根据合并协议中的“重大不利变动条款”放弃收购，美国银行的高管们展开了激烈争论。

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Introduced by TWA in 1961, the practice took off during the merger wave of the 1980s, when executives started pondering whether it was smarter to seek out merger opportunities to make money for shareholders or to hold on to their jobs.

WSJ: In Defense of the CEO

The terms allow NYSE to reserve 5% of its 70% allocation in the merger to pay executives and other insiders.

FORBES: Who Might Get Rich at NYSE

In arguing in support of their merger, executives of Live Nation and Ticketmaster maintained that they have limited influence on the cost of concert tickets, which is ultimately dictated by the financial demands of performers.

WSJ: Promoter Crowds Ticketmaster