Cryptocurrency Q&A
What is a 280G parachute payment?
What is a 280G parachute payment?
Isabella
Sun Nov 24 2024
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7 answers
1596
I've encountered a term called '280G parachute payment' in my readings, and I'm curious to understand what it actually means. Could someone please explain this concept to me in simple terms?
7 answers
LightningStrike
Tue Nov 26 2024
Section 280G(b)(2)(A) of the relevant regulation outlines the definition of a parachute payment.
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TaekwondoMasterStrengthHonor
Tue Nov 26 2024
This payment is characterized as compensation given to a disqualified individual or for their benefit.
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HanjiArtistryCraftsmanshipMasterpiece
Tue Nov 26 2024
It specifies three conditions under which such a payment is considered a parachute payment.
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KDramaLegendaryStarlight
Mon Nov 25 2024
The first condition is that the payment is contingent on a change in the ownership of a corporation.
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KimonoGlory
Mon Nov 25 2024
The second condition is that the payment hinges on a shift in the effective control of a corporation.
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