Parachute Payment Waiver Agreement | Practical Law

Parachute Payment Waiver Agreement | Practical Law

A form of parachute payment waiver whereby an individual with a right to parachute payments, within the meaning of Section 280G of the Internal Revenue Code, waives the right to the payments unless approved by shareholders. This Standard Document has integrated drafting notes with important explanations and drafting tips.

Parachute Payment Waiver Agreement

Practical Law Standard Document 7-597-5068 (Approx. 8 pages)

Parachute Payment Waiver Agreement

by John A. Morrison and R. Taylor Bracewell, Ogletree, Deakins, Nash, Smoak & Stewart, P.C., with Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
A form of parachute payment waiver whereby an individual with a right to parachute payments, within the meaning of Section 280G of the Internal Revenue Code, waives the right to the payments unless approved by shareholders. This Standard Document has integrated drafting notes with important explanations and drafting tips.