§7.2011. National bank compensation plans.
12 C.F.R. § 7.2011
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:
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.
Pension plans. A national bank may provide employee pension plans and make reasonable contributions to the cost of the pension plan.
Employee stock option and stock purchase plans. A national bank may provide employee stock option and stock purchase plans.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1 et seq., 25b, 29, 71, 71a, 92, 92a, 93, 93a, 95(b)(1), 371, 371d, 481, 484, 1462a, 1463, 1464, 1465, 1818, 1828, 3102(b), and 5412(b)(2)(B).
Source
Source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.