Lloyds chief executive Antonio Horta-Osorio will be paid a deferred shares bonus of £1.5 million for 2012, while staff will share a total pot of £365 million.
Mr Horta-Osorio confirmed that he requested for his bonus to be linked to Lloyds shares and the price paid by the Government.
His award will pay out if the Government sells at least a third of its stake at 61p - the average price at which the stake was bought during the bank's bailout at the height of the banking crisis - within five years.
More top news
Hospital chiefs asked by NHS regulator to fill vacancies only where "essential" as they face an unprecedented financial challenge.
The footballer and father-of-two said he is 'filled with pride' at being asked to take on the role.
A state of emergency has been declared as emergency crews struggle to overcome raging wildfires that have been burning for six days.