Additional Conditions Applicable to Post-Employment Participation Sample Clauses

Additional Conditions Applicable to Post-Employment Participation. Except as otherwise provided herein, [in any instance in which, if, in the determination of the Committee, Participant engages in conduct that is in competition with the Company’s business operations, breaches his or her duty of loyalty or any obligation Participant owes to the Company, or is materially injurious to the Company, monetarily or otherwise, while holding any shares of Citigroup common stock subject to a sale restriction, such shares may be canceled, in the sole discretion of the Committee. If any such shares are canceled pursuant to this Section 6(o), Participant will receive a cash payment (without interest) equal to the xxxxx xxxxx of the Option under which the shares were issued (as adjusted, if applicable) multiplied by the number of shares canceled. Additionally,] [t]he Committee may cancel any unvested restricted or deferred stock [deferred cash award] if it determines that Participant has, since the termination of Participant’s employment with the Company, engaged in conduct that breaches any obligation or duty of loyalty to the Company or that is materially injurious to the Company, monetarily or otherwise. For purposes of this Section 6(o), “Company” shall mean Citigroup and any of its subsidiaries.
Sample 1
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Additional Conditions Applicable to Post-Employment Participation. Except as otherwise provided herein, in any instance in which, if, in the determination of the Committee, Participant engages in conduct that is in competition with the Company's business operations, breaches his or her duty of loyalty or any obligation Participant owes to the Company, or is materially injurious to the Company, monetarily or otherwise, while holding any shares of Citigroup common stock subject to a sale restriction, such shares may be canceled, in the sole discretion of the Committee. If any such shares are canceled pursuant to this paragraph (o), Participant will receive a cash payment (without interest) equal to the xxxxx xxxxx of the Option under which the shares were issued (as adjusted, if applicable) multiplied by the number of shares canceled. Additionally, the Committee may cancel any unvested restricted or deferred stock if it determines that Participant has, since the termination of Participant's employment with the Company, engaged in conduct that breaches any obligation or duty of loyalty to the Company or that is materially injurious to the Company, monetarily or otherwise. For purposes of this paragraph, "Company" shall mean Citigroup and any of its subsidiaries.
Sample 1
Additional Conditions Applicable to Post-Employment Participation. Except as otherwise provided herein, in any instance in which, if, in the determination of the Committee, Participant engages in conduct that is in competition with the Company's business operations, breaches his or her duty of loyalty or any obligation Participant owes to the Company, or is materially injurious to the Company, monetarily or otherwise, while holding any shares of Citigroup common stock subject to a sale restriction, such shares may be canceled, in the sole discretion of the Committee. If any such shares are canceled pursuant to this Section 5(o), Participant will receive a cash payment (without interest) equal to the xxxxx xxxxx of the Option under which the shares were issued (as adjusted, if applicable) multiplied by the number of shares canceled. Additionally, the Committee may cancel any unvested restricted or deferred stock if it determines that Participant has, since the termination of Participant's employment with the Company, engaged in conduct that breaches any obligation or duty of loyalty to the Company or that
Sample 1
Additional Conditions Applicable to Post-Employment Participation. (i) In any instance where the vesting of the Award or the exercisability of an Option extends past the termination date of Participant's employment, any unvested and unexercised portion of the Award will be canceled if, in the determination of the Committee, Participant engages in any conduct that (1) is in material competition with any of the Company's business operations; (2) breaches any obligation Participant owes to the Company or Participant's duty of loyalty to the Company; or (3) is materially injurious to the Company, monetarily or otherwise.
Sample 1
Additional Conditions Applicable to Post-Employment Participation. The Committee may cancel any unvested portion of an Award if it determines that Participant has, since the termination of Participant’s employment with the Company, engaged in conduct that breaches any obligation or duty of loyalty to the Company or that is materially injurious to the Company, monetarily or otherwise. For purposes of this Section 4(k), “Company” shall mean Citigroup and any of its subsidiaries.
Sample 1
Additional Conditions Applicable to Post-Employment Participation. Except as otherwise provided herein, in any instance in which, if, in the determination of the Committee, Participant engages in conduct that is in competition with the Company's business operations, breaches his or her duty of loyalty or any obligation Participant owes to the Company, or is materially injurious to the Company, monetarily or otherwise, while holding any shares of Citigroup common stock subject to a sale restriction, such shares may be canceled, in the sole discretion of the Committee. If any such shares are canceled pursuant to this paragraph (o), Participant will receive a cash payment (without interest) equal to the xxxxx xxxxx of the Option under which the shares were issued (as adjusted, if applicable) multiplied by the number of shares canceled.
Sample 1

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