Golden Parachute Payments; Correction (IRS final rule

Official source: Federal Register (GovInfo) (https://www.govinfo.gov/content/pkg/FR-2003-10-14/pdf/03-24913.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

59114 Federal Register / Vol. 68, No. 198 / Tuesday, October 14, 2003 / Rules and Regulations

§ 4.14 [Corrected] 2. On page 47233, in the third column, in § 4.14(a)(8)(i)(D), in the eighth line, after the semicolon, insert ‘‘and’’.

§ 4.31 [Corrected] 3. On page 47235, in the third column, in § 4.31(a), in the tenth line, delete ‘‘direct’’ and insert ‘‘guide’’.

Issued in Washington, DC., on October 7, 2003 by the Commission. Jean A. Webb, Secretary of the Commission.

[FR Doc. 03–25944 Filed 10–10–03; 8:45 am]

BILLING CODE 6351–01–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9083]

RIN 1545–AH49

Golden Parachute Payments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains corrections to final regulations that were published in the Federal Register on Monday, August 4, 2003 (68 FR 45745), relating to golden parachute payments under section 280G of the Internal Revenue Code.

EFFECTIVE DATE: This correction is effective August 4, 2003.

FOR FURTHER INFORMATION CONTACT: Erinn Madden (202) 622–6030 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of these corrections are under sections 280G of the Internal Revenue Code.

Need for Correction

As published, the final regulations (TD 9083) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (TD 9083), which are the subject of FR Doc. 03–19274, is corrected as follows:

On page 45745, column 3, in the preamble, in the caption DATES is corrected to read as follows:

DATES: Effective Date: August 4, 2003.

Applicability Date: These regulations apply to any payment that is contingent on a change in ownership or control if the change in ownership or control occurs on or after January 1, 2004. However, taxpayers may rely on these regulations after August 4, 2003, for the treatment of any parachute payment.

On page 45750, column 1, in the preamble under the paragraph heading ‘‘ Effective Date and Reliance ’’, paragraph 1, line 5, the language ‘‘on or after January 1, 2004,’’ is corrected to read ‘‘on or after January 1, 2004. However, taxpayers may rely on these regulations after August 4, 2003, for the treatment of any parachute payment.’’.
On page 45750, columns 1 and 2, in the preamble under the paragraph heading ‘‘ Effective Date and Reliance ’’, the last line in the column 1 and first line in column 2, the language ‘‘2002 proposed regulations until effective date of the final regulations.’’ is corrected to read ‘‘2002 proposed regulations until January 1, 2004.’’.

§ 1.280G–1 [Corrected] 4. On page 45755, column 2, § 1.280G–1, paragraph (a), A–11, line 3, the language ‘‘to receive cash, or a transfer of property’’ is corrected to read ‘‘to receive cash (including the value of accelerated vesting under Q/A–24(c), or a transfer of property.’’.

On page 45772, column 2, § 1.280G–1, A–48, line 5, the language ‘‘on or after January 1, 2004.’’ is corrected to read ‘‘on or after January 1,
Taxpayers may rely on these regulations after August 4, 2003, for the treatment of any parachute payment.’’.

Cynthia E. Grigsby, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).

[FR Doc. 03–24913 Filed 10–10–03; 8:45 am]

BILLING CODE 4830–01–M

DEPARTMENT OF HOMELAND SECURITY

Coast Guard

33 CFR Part 117

[CGD01–02–026]

RIN 1625–AA09

Drawbridge Operation Regulations: Charles River, Dorchester Bay, and Saugus River, MA

AGENCY: Coast Guard, DHS.

ACTION: Final rule.

SUMMARY: The Coast Guard has changed the drawbridge operation regulations

that govern the operation of three bridges, the Craigie Bridge, mile 1.0, across the Charles River, the William T. Morrisey Boulevard Bridge, mile 0.0, across Dorchester Bay, and the General Edwards SR1A Bridge, mile 1.7, across the Saugus River, all in Massachusetts. This final rule requires an eight-hour advance notice for openings during the time periods at night when these bridges have historically received few requests to open. This action is expected to meet the reasonable needs of navigation while relieving the bridge owner from the burden of crewing these bridges at periods when they seldom open for navigation.

DATES: This rule is effective November 13, 2003.

ADDRESSES: Comments and material received from the public, as well as documents indicated in this preamble as being available in the docket, are part of docket (CGD01–01–026) and are available for inspection or copying at the First Coast Guard District, Bridge Branch Office, 408 Atlantic Avenue, Boston, Massachusetts, 02110, between 7 a.m. and 3 p.m., Monday through Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT: Mr. John McDonald, Project Officer, First Coast Guard District, (617) 223–8364.

SUPPLEMENTARY INFORMATION:

Regulatory Information

On June 26, 2003, we published a notice of proposed rulemaking (NPRM) entitled Drawbridge Operation Regulations; Charles River, Dorchester Bay, and Saugus River, Massachusetts, in the Federal Register (68 FR 37990). We received no comments in response to the notice of proposed rulemaking. No public hearing was requested and none was held.

Background and Purpose

The owner of the bridges, the Metropolitan District Commission (MDC), requested a change to the operating regulations for three of their bridges, the Craigie Bridge, the William T. Morrisey Boulevard Bridge, and the General Edwards SR1A Bridge. The requested change to the drawbridge operation regulations required an eighthour advance notice during various time periods when these bridges have historically received few requests to open.

The Coast Guard reviewed the drawbridge opening logs submitted by the bridge owner, and determined that the bridges had few requests to open during the time periods the bridge owner has requested the eight-hour advance notice requirement. This rule

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