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This excerpt taken from the C 8-K filed Jan 21, 2009. 3. Grant Price Exercise
Condition. A vested option may not be exercised unless and
until, and then only to the extent that, the New York Stock Exchange (“NYSE”) closing price
of Citigroup stock equals or exceeds the applicable grant price indicated in the
Stock Option Grant Summary on page 1 for at least 20 NYSE trading days within
any period of 30 consecutive NYSE trading days starting on or after the option
grant date but ending no later than the option expiration date (the “Grant Price Exercise
Condition”). Once the applicable Grant Price Exercise
Condition has been attained, whether before or after a Vesting Date, the vested
options will remain exercisable until the option expiration date, regardless of
subsequent stock price performance.
Vesting
is conditioned on Participant’s continuous employment with the Company up to and
including the scheduled Vesting Date, unless otherwise provided
below.
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