### Question
What does excess parachute payment mean?


### Answer
**Excess parachute payment** has the following meaning in *26 U.S.C. § 4999*:

> given to such term by section 280G(b).

#### Citation:
  - *26 U.S.C. § 4999*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 46-GOLDEN PARACHUTE PAYMENTS**

