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
Sir Ian McKellen has revealed he was in "two minds" about accepting his knighthood as he thinks the honour system is unfair.
Harlem Globetrotters legend Haynes has been hailed as "a pioneer" who helped "set the tone for modern basketball", following his death.
The British public have voted St Paul's Cathedral the country's favourite building ahead of Stonehenge and Buckingham Palace.