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This excerpt taken from the C 10-Q filed Nov 6, 2009. (o) Additional
Conditions Applicable to Post-Employment Participation. Except as otherwise provided herein, [in any instance
in which, if, in the determination of the Committee, Participant engages in
conduct that is in competition with the Company’s business operations, breaches
his or her duty of loyalty or any obligation Participant owes to the Company,
or is materially injurious to the Company, monetarily or otherwise, while
holding any shares of Citigroup common stock subject to a sale restriction,
such shares may be canceled, in the sole discretion of the Committee. If any such shares are canceled pursuant to
this Section 6(o), Participant will receive a cash payment (without
interest) equal to the grant price of the Option under which the shares were
issued (as adjusted, if applicable) multiplied by the number of shares
canceled. Additionally,] [t]he Committee
may cancel any unvested [restricted or deferred stock][deferred cash award] if
it determines that Participant has, since the termination of Participant’s
employment with the Company, engaged in conduct that breaches any obligation or
duty of loyalty to the Company or that is materially injurious to the Company,
monetarily or otherwise. For purposes of
this Section 6(o), “Company” shall mean Citigroup and any of its
subsidiaries.
This excerpt taken from the C 8-K filed Jan 21, 2009. (k) Additional Conditions Applicable
to Post-Employment Participation. The Committee may cancel any
unvested portion of an Award if it determines that Participant has, since the
termination of Participant’s employment with the Company, engaged in conduct
that breaches any obligation or duty of loyalty to the Company or that is
materially injurious to the Company, monetarily or otherwise. For
purposes of this Section 4(k), “Company” shall mean
Citigroup and any of its subsidiaries.
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This excerpt taken from the C 10-Q filed Oct 31, 2008. (o) Additional
Conditions Applicable to Post-Employment Participation. Except as otherwise
provided herein, [in any instance in which, if, in the determination of the
Committee, Participant engages in conduct that is in competition with the
Company’s business operations, breaches his or her duty of loyalty or any
obligation Participant owes to the Company, or is materially injurious to the
Company, monetarily or otherwise, while holding any shares of Citigroup common
stock subject to a sale restriction, such shares may be canceled, in the sole
discretion of the Committee. If any such
shares are canceled pursuant to this Section 6(o), Participant will
receive a cash payment (without interest) equal to the grant price of the
Option under which the shares were issued (as adjusted, if applicable)
multiplied by the number of shares canceled.
Additionally,] [t]he Committee may cancel any unvested restricted or
deferred stock [deferred cash award] if it determines that Participant has,
since the termination of Participant’s employment with the Company, engaged in
conduct that breaches any obligation or duty of loyalty to the Company or that
is materially injurious to the Company, monetarily or otherwise. For purposes of this Section 6(o), “Company”
shall mean Citigroup and any of its subsidiaries.
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