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This excerpt taken from the C DEF 14A filed Mar 20, 2009. Mr. Crittenden’s
Employment Agreement
Mr. Crittenden’s compensation reflected in the Summary
Compensation Table was awarded pursuant to the terms of his
employment agreement dated February 23, 2007, which has
been publicly filed. As
cfo of Citi, he is
paid a base salary at an annual rate of $500,000 and was
generally entitled to receive incentive awards with a pre-tax
nominal value of $9,500,000 in respect of 2008. Despite the
terms of his employment agreement, Mr. Crittenden declined
to be considered for an incentive or retention award for 2008
and did not receive any such award.
Pursuant to the agreement, Citi provides a stipend for ground
transportation, and he is eligible to receive personal security
protection to the extent that other senior executives receive
such protection. Pursuant to the employment agreement, in the
event that Mr. Crittenden’s employment with Citi
terminates for any reason, he has agreed to not directly or
indirectly solicit, induce or otherwise encourage any person to
leave the employment of, or terminate any customer relationship
with, Citi. Covenants protecting Citi’s confidential and
proprietary information also apply during employment and
thereafter.
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