C » Topics » 2. Vesting.

This excerpt taken from the C 10-Q filed Nov 6, 2009.
2. Vesting.  If conditions to vesting are satisfied, [the initial deferral amount, as adjusted to reflect interest accrued/notional gain (or loss) to the vesting date][shares underlying an Award of [restricted][deferred] stock will vest and become distributable to Participant on the vesting date(s) set forth in the [Restricted

 

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Stock][DeferredStock][Deferred Cash] Award Summary, or on other specified dates as provided for upon the occurrence of events described in Section 6 of this Agreement]; [Option shares shall vest and become exercisable in the installment amounts (subject to rounding, in Citigroup’s discretion) on the vesting dates set forth in the Stock Option Grant Summary, or on other specified dates as provided for upon the occurrence of events described in Section 6 of this Agreement].  Vesting in each case is subject to receipt of the information necessary to make required tax payments and confirmation by Citigroup that all conditions to vesting have been satisfied.

 

This excerpt taken from the C 8-K filed Jan 21, 2009.
2. Vesting.  If Participant remains employed by the Company until the option vesting date(s) indicated in the Stock Option Grant Summary on page 1 (each a “Vesting Date”), Option shares shall vest and become exercisable, subject to attainment of the Grant Price Exercise Condition (as defined in Section 3 below), in the installment amounts (subject to rounding, in Citigroup’s discretion) for the applicable Vesting Date.  Vesting is subject to confirmation by Citigroup that all conditions to vesting have been satisfied.  With respect to each installment vesting, 50% of the option shares will have an option grant (exercise) price of $10.61, and 50% will have an option grant (exercise) price of $17.85.

 
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This excerpt taken from the C 10-Q filed Oct 31, 2008.
2. Vesting.  If conditions to vesting are satisfied, [the initial deferral amount, as adjusted to reflect interest accrued/notional gain (or loss) to the vesting date][shares underlying an Award of restricted or deferred stock] will be distributed to Participant on the vesting date(s) set forth in the [Stock/Deferred Cash] Award Summary, [and Option shares shall vest and become exercisable in the installment amounts (subject to

 

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rounding, in Citigroup’s discretion) on the vesting dates set forth in the Stock Option Grant Summary].  Vesting in each case is subject to receipt of the information necessary to make required tax payments and confirmation by Citigroup that all conditions to vesting and distribution have been satisfied.

 

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