§ 23.78. Bonus, profit-sharing, and other remuneration plansItem 8.
If action is to be taken with respect to any bonus, profit-sharing, or other remuneration plan of the insurer, all of the following information shall be furnished:
(1) A brief description of the material features of the plan, each class of persons who will participate in the plan, the approximate number of persons in each class, and the basis of their participation.
(2) The amounts which would have been distributable to the following people under the plan during the last calendar year:
(i) Each person named in Item 7 of Schedule A, as described in § 23.77 (relating to remuneration and other transactionsItem 7).
(ii) All directors and officers as a group.
(iii) All other employes as a group, if the plan had been in effect.
(3) If the plan to be acted upon may be amended (other than by a vote of security holders) in a manner which would materially increase its cost to the insurer or to materially alter the allocation of the benefits as between the groups specified in paragraph (2), the nature of the amendments shall be specified.
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