Joan Burton (Dublin West, Labour)
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Question 154: To ask the Minister for Finance if he was contacted and informed by a bank (details supplied) prior to the payment of bonuses to staff as reported in December 2009; and if he will make a statement on the matter. [11231/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Under the terms of the recapitalisation of the named bank, bonus payments to Senior Executives in 2008 and 2009 were precluded. Approval has been given, in a limited number of cases, to pay bonuses to certain staff, based on legal advice, where a pre-existing contractual commitment existed and has been triggered. The staff involved were mainly located outside of Ireland. Court proceedings had been instituted in respect of some of these cases.