### Question
How is the "excess parachute payment" defined?


### Answer
The term **excess parachute payment** is defined in *26 U.S.C. § 4999* as follows -

> 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**

