What on earth is 280G? What is a parachute payment?

Question: My lawyer mumbled something about 280G and parachute payments. I thought this was only for big public companies and acquisitions? How does this affect VCs?

Our Take: Jason spent some time this year co-authoring an article on this with Ed Zimmerman and Brian Silkovitz of Lowenstein Sandler. It's every thing (and most likely more) that you'd want to know on the subject.