12 C.F.R. § 7.2011

Current through September 30, 2024
Section 7.2011 - National bank compensation plans

Consistent with safe and sound banking practices and the compensation provisions of 12 CFR part 30 , a national bank may adopt compensation plans, including, among others, the following:

(a)Bonus and profit-sharing plans. A national bank may adopt a bonus or profit-sharing plan designed to ensure adequate remuneration of bank officers and employees.
(b)Pension plans. A national bank may provide employee pension plans and make reasonable contributions to the cost of the pension plan.
(c)Employee stock option and stock purchase plans. A national bank may provide employee stock option and stock purchase plans.

12 C.F.R. §7.2011

85 FR 83735, 4/1/2021