Calculating Excess Parachute Payments Under Section 280G | Practical Law

Calculating Excess Parachute Payments Under Section 280G | Practical Law

A Practice Note addressing the calculation of parachute payments under Section 280G of the Internal Revenue Code (Code), including determining the base amount of disqualified individuals, determining the parachute value of certain payments that are contingent on a change in control, allocating the base amount, and calculating the portion of parachute payments that are excess parachute payments and the related excise tax.

Calculating Excess Parachute Payments Under Section 280G

Practical Law Practice Note 5-548-3665 (Approx. 19 pages)

Calculating Excess Parachute Payments Under Section 280G

by Steven B. Cohen, Ernst & Young LLP and Robert Stone, Vanguard, with Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
A Practice Note addressing the calculation of parachute payments under Section 280G of the Internal Revenue Code (Code), including determining the base amount of disqualified individuals, determining the parachute value of certain payments that are contingent on a change in control, allocating the base amount, and calculating the portion of parachute payments that are excess parachute payments and the related excise tax.