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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