Silver Parachute

It's not as great as a Golden Parachute. Usually, only CEOs and maybe a few massively big-brained engineers get these kinds of employment contracts. Like, "Even if we fire you for cause because we've witnessed you on video urinating on the keyboards of everyone on your office floor, we'll still pay you $1 million upon your leaving the company, as well as vesting you forward 6 months in your options contract."

A Silver Parachute is way less lucrative. Like, "We agree to vest you 2 months forward for your employee stock options package, give you $10,000 in parting gifts from Don Pardo, and you get to keep your company pen." Silver Parachutes are granted to lots of employees, much further down the rungs of the corporate ladder than the CEO, CTO, and few others.

Silver. Less than gold. But way better for the plating of forks and knives. Hence their name.