Definitions.

CFR · 2024-01-01 · US · Title 12

The following definitions apply to the terms used in this part: (1) With respect to a golden parachute payment: (i) Any director, officer, or employee of a regulated entity or the OF; and (ii) Any other person as determined by the Director (by regulation or on a case-by-case basis) who participates or participated in the conduct of the affairs of the regulated entity or the OF, provided that a member of a Federal Home Loan Bank shall not be deemed to have participated in the affairs of that Federal Home Loan Bank solely by virtue of being a shareholder of, and obtaining advances from, that Federal Home Loan Bank; and (2) With respect to an indemnification payment: (i) By the OF, any director, officer, or manager of the OF; and (ii) By a regulated entity: (A) Any director, officer, employee, or controlling stockholder of, or agent for, a regulated entity; (B) Any shareholder, affiliate, consultant, or joint venture partner of a regulated entity, and any other person as determined by the Director (by regulation or on a case-by-case basis) that participates in the conduct of the affairs of a regulated entity, provided that a member of a Federal Home Loan Bank shall not be deemed to have participated in the affairs of that Federal Home Loan Bank solely by virtue of being a shareholder of, and obtaining advances from, that Federal Home Loan Bank; (C) Any independent contractor for a regulated entity (including any attorney, appraiser, or accountant) if: ( ( (D) Any not-for-profit

official document · source cfr-2024 · id 12:§ 1231.2