Businesses often enter into agreements with executives to provide for a substantial payment of severance compensation if the executive's services are terminated following a change in control, and sometimes even if services are not terminating as a result of the change. IRC Secs. 280G and 4999 were enacted to address perceived abuses in the scope of golden parachute contracts. This EIA explores the rules governing golden parachute payments.
Alison M. Stemler, J.D. is a Member of the Kentucky Bar.
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