US lawFederal (United States)RegulationsTitle 12 CFR — Banks and BankingChapter III — FEDERAL DEPOSIT INSURANCE CORPORATIONPart 359 — GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS359.212 C.F.R. § 359.2Golden parachute payments prohibited.Last amended: 2016Year: 2026Length: 25 wordsOfficial source Cite as 12 C.F.R. § 359.2 (2026)No insured depository institution or depository institution holding company shall make or agree to make any golden parachute payment, except as provided in this part.Previous12 C.F.R. § 359.1Next12 C.F.R. § 359.3