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This excerpt taken from the C 10-Q filed Nov 6, 2009. 1.
Terms and Conditions. The terms, conditions, and restrictions of
the Award are set forth below [IF APPLICABLE: , subject to the letter agreement
between the Company and Participant dated [MONTH] [DAY], [YEAR] (the “Letter Agreement”)]. Certain of these provisions [IF APPLICABLE: ,
except as they are deemed modified by the terms of the Letter Agreement], along
with other important information, are summarized in the [EQUITY/DEFERRED CASH PROGRAM NAME] [prospectus/brochure] dated [MONTH] [DAY], [YEAR], and any
applicable [prospectus] supplement (together, the “[Prospectus/Brochure]”).
The terms, conditions, and restrictions of the Award include, but are
not limited to, provisions relating to amendment, vesting, and cancellation of
Awards, restrictions on the transfer of Awards, [sale restrictions on shares
acquired upon the exercise of an Option], and additional restrictions or a
potential waiver of Participant’s rights to an Award, if required by the
applicable provisions of the Emergency Economic Stabilization Act of 2008,
which will regulate Citigroup’s policies and practices with respect to
corporate governance and executive compensation, as further described below.
By accepting an Award, Participant acknowledges that he or she has read and understands the [Prospectus/Brochure] and the terms and conditions set forth in this Appendix. Participant understands that this Award and all other incentive awards are entirely discretionary and that no right to receive the Award, or any incentive award, exists absent a prior written agreement to the contrary.
[Participant understands that the value that may be realized from an Award, if any, is contingent and depends on the future market price of Citigroup stock, among other factors, and that because equity awards are discretionary, and intended to promote employee retention and stock ownership and to align employees’ interests with those of stockholders, equity awards are subject to vesting conditions and will be canceled if vesting conditions are not satisfied.]
Any monetary value assigned to an Award in any communication regarding the Award is contingent, hypothetical, and for illustrative purposes only and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain [or determinable] cash value to Participant. Receipt of an Award covered by this Agreement, or any other incentive award, is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time in its sole discretion.
Any actual, anticipated, or estimated financial benefit to Participant from an Award is not and shall not be deemed to be a normal or an integral part of Participant’s regular or expected salary or compensation from employment for any purposes, including, but not limited to, calculating any statutory, common law or other employment-related payment to Participant, including any severance, resignation, termination, redundancy, end-of-service , bonus, long-service awards, pension, superannuation or retirement or welfare or similar payments, benefits or entitlements, and in no event should be considered as compensation for, or relating in any way to, past services for the Company.
These excerpts taken from the C 8-K filed Jan 21, 2009. 1. Terms and
Conditions. The terms, conditions, and restrictions of the
Award are set forth below. Certain of these provisions, along with
other important information, are summarized in the 1. Terms and
Conditions. The terms, conditions, and restrictions of the
Award are set forth below. Certain of these provisions, along with
other important information, are summarized in the This excerpt taken from the C 10-Q filed Oct 31, 2008. 1.
Terms and Conditions. The terms, conditions, and restrictions of
the Award are set forth below [IF APPLICABLE: , subject to the letter agreement
between the Company and Participant dated [MONTH] [DAY], [YEAR] (the “Letter Agreement”)]. Certain of these provisions [IF APPLICABLE: ,
except as they are deemed modified by the terms of the Letter Agreement], along
with other important information, are summarized in the [EQUITY/DEFERRED CASH PROGRAM NAME] [prospectus/brochure] dated [MONTH] [DAY], [YEAR], and any
applicable [prospectus] supplement (together, the “[Prospectus/Brochure]”).
The terms, conditions, and restrictions of the Award include, but are
not limited to, provisions relating to amendment, vesting, and cancellation of
Awards, restrictions on the transfer of Awards, [sale restrictions on shares
acquired upon the exercise of an Option], and additional restrictions or a
potential waiver of Participant’s rights to an Award, if required by the
applicable provisions of the Emergency Economic Stabilization Act of 2008,
which will regulate Citigroup’s policies and practices with respect to
corporate governance and executive compensation, as further described below.
By accepting an Award, Participant acknowledges that he or she has read and understands the [Prospectus/Brochure] and the terms and conditions set forth in this Appendix. Participant understands that this Award and all other incentive awards are entirely discretionary and that no right to receive the Award, or any incentive award, exists absent a prior written agreement to the contrary.
[Participant understands that the value that may be realized from an Award, if any, is contingent and depends on the future market price of Citigroup stock, among other factors, and that because equity awards are discretionary, and intended to promote employee retention and stock ownership and to align employees’ interests with those of stockholders, equity awards are subject to vesting conditions and will be canceled if vesting conditions are not satisfied.]
Any monetary value assigned to an Award in any communication regarding the Award is contingent, hypothetical, and for illustrative purposes only and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain [or determinable] cash value to Participant. Receipt of an Award covered by this Agreement, or any other incentive award, is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time in its sole discretion.
Any actual, anticipated, or estimated financial benefit to Participant from an Award is not and shall not be deemed to be a normal or an integral part of Participant’s regular or expected salary or compensation from employment for any purposes, including, but not limited to, calculating any statutory, common law or other severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company.
This excerpt taken from the C 10-Q filed Aug 3, 2007. 1.
Terms and Conditions. The terms, conditions and restrictions
applicable to the Award are set forth below.
Certain of these provisions, along with other important information, are
summarized in the Program prospectus dated
July 17, 2007, and any applicable prospectus supplement (together,
the “Prospectus”). The terms, conditions, and restrictions of
the Award include, but are not limited to, provisions relating to amendment,
vesting, and cancellation of Awards and restrictions on the transfer of Awards.
By accepting an Award, Participant acknowledges that he or she has read and understands the Prospectus and the terms and conditions set forth in this Appendix. Participant understands that this Award and all other incentive awards are entirely discretionary and that no right to receive the Award, or any incentive award, exists absent a prior written agreement to the contrary. Participant understands that the value that may be realized from an Award, if any, is contingent and depends on the future market price of Citigroup stock, among other factors, and that because equity awards are intended to promote employee retention and stock ownership and to align employees’ interests with those of stockholders, equity awards are subject to vesting conditions and will be canceled if vesting conditions are not satisfied. Any monetary value assigned to an Award in any communication regarding the Award is contingent, hypothetical, and for illustrative purposes only and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to Participant. Receipt of an Award covered by this Agreement, or any other incentive award, is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time in its sole discretion. Any actual, anticipated, or estimated financial benefit to Participant from an Award is not and shall not be deemed to be an integral part of Participant’s regular compensation from employment, and any actual, anticipated, or estimated value of an Award (and/or cancellation of an Award) will not be used in any measure or calculation of (a) any benefit for Participant under any other compensatory plan or arrangement of the Company or (b) any statutory, common law, or other termination or severance payment to Participant, in each case unless otherwise agreed in writing by the Company. | EXCERPTS ON THIS PAGE:
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