Do not check this box if you are reporting contributions made to a nonqualified deferred compensation plan.

But by calling his departure 'retirement', he was allowed to hold on to deferred compensation worth a further $90m, bringing the total pay-off to about $160m.

For 2010, it increased the amount of deferred compensation from 40 per cent to 60 per cent.

Rather than big cash bonuses, bankers are being given 'deferred compensation' in the form of pensions, stock options and cash bonuses.

Eligible employees who wish to make a career change will benefit from a modified bonus policy that will enable them to retain more deferred compensation than previously.