We have a similar plan for all employees (including me), but I couldn't tell you what the % is. This is everyone's YE bonus based upon performance. We also have a profit sharing plan that is deposited into our 401K. Randy (rlcarey) said that he thinks this is a conflict of interest, but I disagree. I have no control over how much is chosen to give to employees or if we make a profit or not. Our external auditor reviews the financials and blesses them. Sure, I audit certain functions that could reflect in these statements and I audit several accounts that affect the bottom line, but I also have the CPA checking over my shoulder. Maybe I'm missing something, but I still don't see the conflict.
Now, to your question: We also have individual incentives for tellers, new accounts, lenders, etc., mainly concerning "production" goals. These are tied to certain activities like $10 for every appointment with the investment guy. I do not participate in those. If I refer someone for an appointment about NDIPs, I do it cause I want them to use my bank and not my competitor. I do feel that accepting an incentive on this could be a conflict of interest, since I audit those accounts. This is also what the Policy Stmt says.
Clear as Mississippi Mud?