# Employment Contracts, Mutual to Stock Conversions
> **OCC** · Final rule and technical amendments. · Published 2020-07-14 · Effective 2020-08-13 · 85 FR 42630
## Document
- **Document number:** 2020-12784
- **Category:** banking-occ
- **Sub-agency:** OCC
- **Federal Register citation:** 85 FR 42630
- **CFR reference:** 12 CFR 3
- **Publication date:** 2020-07-14
- **Effective date:** 2020-08-13
- **Treasury docket:** Docket ID OCC-2018-0041
## Abstract

The OCC is issuing a final rule that repeals the OCC's employment contracts rule for Federal savings associations. This change was recommended in the March 2017 Economic Growth and Regulatory Paperwork Reduction Act report. The final rule also amends the OCC's rule for conversions from mutual to stock form of a savings association to reduce burden, provide clarity, increase flexibility, and update cross-references. Additionally, the final rule updates cross-references to repealed and integrated rules, removes unnecessary definitions, and makes technical changes to other OCC rules.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/07/14/2020-12784/employment-contracts-mutual-to-stock-conversions)
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