C » Topics » Other Termination of Employment Provisions

This excerpt taken from the C DEF 14A filed Mar 20, 2009.
Other Termination of Employment Provisions
The named executive officers are required to give (and are entitled to receive) at least 75 days’ notice of termination of employment in most cases, and generally cannot solicit Citi employees for one year after termination of employment.
 
Mr. Banga, Mr. Forese and Mr. Volk are eligible to receive the retirement benefits described in the Pension Benefits Table upon termination of
 
employment for any reason because they are vested.
 
Except as described herein, there are no other contracts, agreements or other arrangements with the named executive officers that provide for payments or benefits in connection with a termination of employment or a change in control of Citi that are not generally available to salaried employees.


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Other Termination of Employment Provisions

All members of the Citi management committee, including the named executive officers, are required to give (and are entitled to receive) at least 75 days’ notice of termination of employment in most cases, and generally cannot solicit Citi employees for one year after termination of employment.

 

Sir Winfried, Ms. Krawcheck and Mr. Klein are eligible to receive the retirement benefits described in the Pension Benefits Table upon termination of employment for any reason. Had Mr. Kaden or Mr. Volk terminated employment for any reason on December 31, 2007, they would have forfeited the retirement benefits described in the Pension Benefits Table because they were not vested.

 

Except as described herein, there are no other contracts, agreements or other arrangements with the named executive officers that provide for payments or benefits in connection with a termination of employment or a change in control of Citi that are not generally available to salaried employees.


 

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This excerpt taken from the C DEF 14A filed Mar 13, 2007.

Other Termination of Employment Provisions.

All members of the Citigroup management committee, including the named executive officers, are required to give (and will receive) at least 75 days’ notice of termination of employment in most cases, and generally cannot solicit Citigroup

employees for one year after termination of employment.

 

Mr. Prince, Mr. Rubin and Mr. Druskin are eligible to receive the retirement benefits described in the Pension Benefits Table upon termination of employment for any reason. Had Ms. Krawcheck or Mr. Volk terminated employment for any reason on December 29, 2006, they would have forfeited the retirement benefits described in the Pension Benefits Table because they were not vested.

 

Except as described above, there are no other contracts, agreements or other arrangements with the named executive officers that provide for payments or benefits in connection with a termination of employment or a change in control of Citigroup that are not generally available to salaried employees.


 

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