parachute payment
(6) Exemption for payments under qualified plans Notwithstanding paragraph (2), the term “parachute payment” shall not include any payment to or from— (A) a plan described in section 401(a) which includes a trust exempt from tax under section 501(a), (B) an annuity plan described in section 403(a), (C) a simplified employee pension (as defined in section 408(k) ), or (D) a simple retirement account described in section 408(p).