>Clarifying the regulations first put out in August, IRS officials said employers can use an August 4, 2003 effective date even though the rules technically cover a golden parachute payment contingent on a change in corporate ownership or control on or after January 1, 2004, Dow Jones reported.
In addition to the date clarification, the IRS also made one technical change to a section of the rule dealing with cash transfers. The rest of the rule was not affected.
Golden parachute regulations are often triggered when company executives receive compensation packages as a result of a merger or acquisition.
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