excess parachute payment
Defined in 3 places — 2 distinct definitions of the United States Code.
The term "excess parachute payment" means an amount equal to the excess of any parachute payment over the portion of the base amount allocated to such payment.
Same definition in 2 sections
- 1994–present26 U.S.C. § 280GInternal Revenue Code · Golden parachute payments · for purposes of this section
- 2017–present26 U.S.C. § 4960Internal Revenue Code · Tax on excess tax-exempt organization executive compensation · for purposes of this section
For purposes of this section, the term “excess parachute payment” has the meaning given to such term by section 280G(b).
Source
- 1994–present26 U.S.C. § 4999Internal Revenue Code · Golden parachute payments · for purposes of this section