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This excerpt taken from the C 10-Q filed Nov 6, 2009. 9.
Right of Set Off. Participant agrees that the Company may, to
the extent permitted by applicable law, retain for itself funds or securities
otherwise payable to Participant pursuant to this Award or any award under any
equity award program administered by Citigroup to offset any amounts paid by
the Company to a third party pursuant to any award, judgment, or settlement of
a complaint, arbitration, or lawsuit of which Participant was the subject; to
satisfy any obligation or debt that Participant owes the Company or its
affiliates; or in the event any equity award is canceled pursuant to its
terms. The Company may not retain
9
such funds or securities and set off such obligations or liabilities, as described above, until such time as they would otherwise be distributable to Participant in accordance with the applicable award terms.
These excerpts taken from the C 8-K filed Jan 21, 2009. 9. Right of Set
Off. Participant agrees that the Company may, to the extent
permitted by applicable law, retain for itself funds or securities otherwise
payable to Participant pursuant to this Award or any award under any equity
award program administered by Citigroup to offset any amounts paid by the
Company to a third party pursuant to any award, judgment, or settlement of a
complaint, arbitration, or lawsuit of which Participant was the subject; to
satisfy any obligation or debt that Participant owes the Company or its
affiliates; or in the event any equity award is canceled pursuant to its
terms. The Company may not retain such funds or securities and set
off such obligations or liabilities, as described above, until such time as they
would otherwise be distributable to Participant in accordance with the
applicable award terms.
7. Right of Set
Off. Participant agrees that the Company may, to the extent
permitted by applicable law, retain for itself funds or securities otherwise
payable to Participant pursuant to this Award or any award under any equity
award program administered by Citigroup to offset any amounts paid by the
Company to a third party pursuant to any award, judgment, or settlement of a
complaint, arbitration, or lawsuit of which Participant was the subject; to
satisfy any obligation or debt that Participant owes the Company or its
affiliates; or in the event any equity award is canceled pursuant to its
terms. The Company may not retain such funds or securities and set
off such obligations or liabilities, as described above, until such time as they
would otherwise be distributable to Participant in accordance with the
applicable award terms.
This excerpt taken from the C 10-Q filed Oct 31, 2008. 9.
Right of Set Off. Participant agrees that the Company may, to
the extent permitted by applicable law, retain for itself funds or securities
otherwise payable to Participant pursuant to this Award or any award under any
equity award program administered by Citigroup to offset any amounts paid by
the Company to a third party pursuant to any award, judgment, or settlement of a
complaint, arbitration, or lawsuit of which Participant was the subject; to
satisfy any obligation or debt that Participant owes the Company or its
affiliates; or in the event any equity award is canceled pursuant to its terms. The Company may not retain such funds or
securities and set off such obligations or liabilities, as described above,
until such time as they would otherwise be distributable to Participant in
accordance with the applicable award terms.
This excerpt taken from the C 10-Q filed Aug 3, 2007. 6.
Right of Set Off. Participant agrees that the Company may
retain for itself funds or securities otherwise payable to Participant pursuant
to this Award or any award under any equity award program administered by
Citigroup to offset any amounts paid by the Company to a third party pursuant
to any award, judgment, or settlement of a complaint, arbitration, or lawsuit
of which Participant was the subject; to satisfy any obligation or debt that
Participant owes the Company or its affiliates; or in the event any equity
award is canceled pursuant to its terms, except to the extent prohibited under
section 409A of the Code (if applicable).
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