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


### Answer
The term **golden parachute payment** is defined in *12 U.S.C. § 4518* as follows -

> any payment (or any agreement to make any payment) in the nature of compensation by any regulated entity for the benefit of any affiliated party pursuant to an obligation of such regulated entity that—


(i) is contingent on the termination of such party's affiliation with the regulated entity

#### Citation:
  - *12 U.S.C. § 4518*
  - Heading: **CHAPTER 46-GOVERNMENT SPONSORED ENTERPRISES > SUBCHAPTER I-SUPERVISION AND REGULATION OF ENTERPRISES > Part A-Financial Safety and Soundness Regulator**

