Page:Emergency Economic Stabilization Act of 2008.djvu/108

 O:kAYOkAYO08C04.xml 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 108 "(ii) in connection with any bank- ruptey, liquidation, or receivership of the employer. "(C) COORDINATION AND OTHER RULES. "(i) IN GENER.--If a payment which is treated as a parachute payment by reason of this subsection is also a para- chute payment determined without regard to this subsection, this subsection shall not apply to such payment. "(ii) REGULATORY AUTHORITY.--The Secretary may prescribe such guidance, rules, or regulations as are neeessaT "(I) to carat out the purposes of this subsection and the Emergency Economic Stabilization Act of 2008, including the extent to which this sub- section applies in the case of any ac- quisition, merger, or reorganization of an applicable employer, "(II) to apply this section and section 4999 in cases where one or more payments with respect to any in- dividual are treated as parachute pay-

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