12 CFR 1770.5 - Compliance.

Status message

There is 1 rule appearing in the Federal Register for 12 CFR 1770. View below or at eCFR (GPOAccess)
prev | next
§ 1770.5 Compliance.
(a) An employment agreement or contract subject to the Director's prior approval, as set forth in § 1770.1(b)(2), may be entered into prior to that approval, provided that such agreement or contract specifically provides that termination benefits under the agreement or contract shall not be effective and no payments shall be made thereunder unless and until approved by OFHEO. Such notice should make clear that alteration of benefit plans subsequent to OFHEO approval under this section, that affect final termination benefits of an executive officer, requires review at the time of the individual's termination from the Enterprise and prior to the payment of any benefits.
(b) Failure by an Enterprise to comply with the requirements this regulation may warrant remedial action by OFHEO. Such action may be taken in the form determined appropriate by the Director and may be taken separately from, in conjunction with, or in addition to any other corrective or remedial action, including an enforcement action to require an individual to make restitution to or reimbursement to the Enterprise of excessive compensation or inappropriately paid termination benefits.

Title 12 published on 2014-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2014-01-28; vol. 79 # 18 - Tuesday, January 28, 2014
    1. 79 FR 4389 - Executive Compensation
      GPO FDSys XML | Text
      FEDERAL HOUSING FINANCE AGENCY, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, Office of Federal Housing Enterprise Oversight
      Final rule.
      The final rule is effective February 27, 2014. For additional information see SUPPLEMENTARY INFORMATION .
      12 CFR Part 1230

Title 12 published on 2014-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 1770 after this date.

  • 2014-01-28; vol. 79 # 18 - Tuesday, January 28, 2014
    1. 79 FR 4389 - Executive Compensation
      GPO FDSys XML | Text
      FEDERAL HOUSING FINANCE AGENCY, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, Office of Federal Housing Enterprise Oversight
      Final rule.
      The final rule is effective February 27, 2014. For additional information see SUPPLEMENTARY INFORMATION .
      12 CFR Part 1230