Bressler, Pittman See ‘Golden Parachute’ Provisions Fly Away


Internal Revenue Code (IRC) Section 280G — the federal government’s “golden parachute payment” rules — reflect a federal tax provision that comes into play when there is a change in control of a corporation.

Tax gross-up provisions on these so-called parachutes have been eliminated from the employment agreements of iHeartMedia‘s top two executives.

What, exactly, does this signify?

Please Login to view this premium content. (Not a member? Join Today!)