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This excerpt taken from the C 10-Q filed Nov 6, 2009. 6.
Termination and Interruption of Employment. Participation
in the Program, including but not limited to Participant’s right to vest in an
Award [or exercise an Option], is conditioned upon Participant’s continuous
employment with the Company, except as otherwise provided below.
These excerpts taken from the C 8-K filed Jan 21, 2009. Termination and Interruption of
Employment. Participation in the Program, including but not
limited to Participant’s eligibility to vest in an Award pursuant to Section 2,
is conditioned upon Participant’s continuous employment with the Company, except
as otherwise provided below.
For
all purposes related to an Award, Participant’s employment shall be deemed
terminated on the date of Participant’s “separation from service” from the
Company, except where specifically provided otherwise in this
Agreement. Whether a “separation from service” has occurred will be
determined in accordance with the definition of such term in Treas. Reg. §
1.409A-1(h), which, unless provided otherwise by such definition (or elsewhere
in this Agreement in a manner that does not conflict with such definition) shall
be as of Participant’s last day of active service with the Company, regardless
of any entitlement to notice, payment in lieu of notice, severance pay,
termination pay, pension payment, or the equivalent that may be provided by any
other plan, contract, or law.
If
Participant’s continuous employment with the Company terminates or is
interrupted for any reason stated below, Participant’s rights with respect to
the Award will be affected as described below.
3
Termination and Interruption of
Employment. Participant’s right to vest in an Award is
conditioned upon Participant’s continuous employment with the Company, except as
otherwise provided below. In certain circumstances described below,
Participant’s right to exercise vested Option shares may also be
affected.
For
all purposes related to an Award, Participant’s employment shall be deemed
terminated on the date of Participant’s “separation from service” from
Citigroup. Whether a “separation from service” has occurred will be
determined in accordance with the definition of such term in Treas. Reg. §
1.409A-1(h), which, unless provided otherwise by such definition (or elsewhere
in this Agreement in a manner that does not conflict with such definition) shall
be as of Participant’s last day of active service with the Company, regardless
of any entitlement to notice, payment in lieu of notice, severance pay,
termination pay, pension payment, or the equivalent that may be provided by any
other plan, contract, or law.
3
If
Participant’s continuous employment with the Company terminates or is
interrupted for any reason stated below, Participant’s rights with respect to
the Award will be affected as described below.
This excerpt taken from the C 10-Q filed Oct 31, 2008. 6.
Termination and Interruption of Employment. Participation in the Program, including but
not limited to Participant’s right to vest in an Award [or exercise an Option],
is conditioned upon Participant’s continuous employment with the Company,
except as otherwise provided below.
For all purposes related to an Award, Participant’s employment shall be deemed terminated on the date of Participant’s “separation from service” from Citigroup, [except where specifically provided otherwise in this Agreement]. Whether a “separation from service” has occurred will be determined in accordance with the definition of such term in Treas. Reg. § 1.409A-1(h), which, unless provided otherwise by such definition [(or elsewhere in this Agreement in a manner that does not conflict with such definition)] shall be as of Participant’s last day of active service with the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law.
3
If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below. With respect to any provision herein that provides for the distribution of a deferred [stock][cash] award upon the termination of Participant’s employment, such distribution may be delayed for a period of six months, if Citigroup determines that Participant is a “specified employee” within the meaning of Treas. Reg. § 1.409A-1(i)(1) (generally, one who is among the Company’s top 50 most highly compensated employees). Interest will not accrue during the period of any such delay and there will not be any compensation for loss in market value that occurs during such time or otherwise. [INCLUDE SUB-SECTIONS (a) – (r) AS APPLICABLE]:
This excerpt taken from the C 10-Q filed Aug 3, 2007. 3.
Termination and Interruption of Employment. Participation in the Program, including but
not limited to Participant’s right to vest in an Award, is conditioned, in
part, upon Participant’s continuous employment with the Company up to and
including the Vesting Date, except as otherwise provided below.
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