12 C.F.R. § 918.1   Definitions.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 918—BANK DIRECTOR COMPENSATION AND EXPENSES

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§ 918.1   Definitions.

As used in this part:

Compensation means any payment of money or provision of any other thing of value (or the accrual of a right to receive money or a thing of value in a subsequent year) in consideration of a director's performance of official duties for the Bank, including, without limitation, daily meeting fees, incentive payments and fringe benefits.

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