The 43-year-old signed a two-and-a-half year contract at Goodison Park and hours later immediately strengthened the side with the additions of Donny van de Beek and Dele Alli.
Lampard embarks on his third managerial position after spells at Derby and Chelsea, where he is the club's record goalscorer.
While at Chelsea, the former England midfielder introduced a fine system to keep his players in check.
There was a list of 12 in total and they were all signed off by Lampard on 27 August 2019, with the fines being typed up, framed and placed on the wall as a reminder to the squad.
One punishment that catches the eye is £500 for every minute that a player is late to a team meeting.
It's £1,000 for being late to the gym and taking or making a phone call during a team mall.
The most expensive fine on the list is a whopping £20,000 fine for players who are late for training.
Other notable entries on the list included failing to turn up to community events as well as not travelling back on the team bus, which both cost £5000 respectively.
The fines needed to be paid within 14 days but in the event they weren't, players were forced to pay double the initial fee.
The funds raised went towards team activities and charitable bodies.
Here is the list in full:
1. Late for matchday/first-team departure - £2,500
2. Late for report time for training - £2,500 (plus £2,500 for every 15 minutes thereafter)
3. Late in gym for pre-activation - £1,000
4. Late for treatment - £2,500
5. Late for team meetings - £500-per-minute
6. Late for start of training - £20,000
7. Phone ringing during ream meal or meeting - £1000
8. Reporting in the wrong attire/kit for Team Travel and Match days - £1000
9. Not travelling back on Team coach post-match, without giving 48 hours notice to the Manager or an Assistant manager - £5000
10. Refusal or not turning up for corporate/community duties - £5,000
11. Not reporting illness or injury before day off or 1 hour 30 minutes before training - £10,000
12. Late for medical appointments - £2,500
At the bottom of the document, we also see a host of internal rules that players needed to follow.
Body composition targets not being met also resulted in fines, while player agents and representatives were not permitted access to the club's Cobham training ground unless Lampard gave his approval.
There was also information in regards to breakfast being served and guidance on players travelling abroad on their days off.
The fines give an indication of the standards Lampard expects on and off the pitch.
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