Filmore Corporation manufactures artificial limbs for humans. Filmore is a publically traded company with approximately $30$ million shares outstanding. However, Filmore has recently had quality control issues in which many of the artificial limbs have been defective. The CEO of Filmore decides to terminate the employment of the Quality Control Officer $($QCO$),$ who is NOT a shareholder of Filmore. The CEO says to the QCO that his severance package which includes a payment of five times his annual salary. The CEO states, the parachute payment you will receive will allow you to take some time off before looking for new employment. From just the facts stated above, which of the following statements is TRUE?

Multiple Choice

Filmore cannot deduct any amount of the payment to the QCO because it is not allowed under Section $280$G$.$

Filmore can only deduct three times the QCO$$s annual salary under Section $280$G$.$

Filmore can deduct all the payment to the QCO.

All the above statements are FALSE.