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 0:L4YOL4Y008 C04.xaxd 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 109 ments by reason of this subsection, and other payments with respect to such individual are treated as para- chute payments under this section without regard to this subsection, and "(III) to prevent the avoidance of the application of this section through the mischaracterization of a severance from employment as other than an applicable severance from employ- 1Ilent. ' '. (c) EFFECTIVE DATES.-- (1) IN GENERAL. The amendment made by subsection (a) shall apply to taxable years ending on or after the date of' the enactment of' this Act. (2) GOLDEN PARACHUTE RULE.--The amend- merits made by subsection (b) shall apply to pay- merits with respect to severances occurring during the period during which the authorities under sec- tion 101(a) of this Act are in effect (determined under section 120 of this Act).

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