A bank employee or officer may participate in a bonus or incentive plan based on the sale of credit life insurance if payments to the employee or officer in any one year do not exceed the greater of:
(a) Five percent of the recipient's annual salary; or
(b) Five percent of the average salary of all loan officers participating in the plan.
source: 61 FR 51781, Oct. 4, 1996, unless otherwise noted.
cite as: 12 CFR 2.4