Common use of Satisfying the Clause in Contracts

Satisfying the. Rule of 75." If Participant has completed a number of full years of service with the Company that, when added to his or her age, equals at least 75, (i) unvested [shares] ["Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below) and "Supplemental CAP Shares"] will continue to vest on schedule, provided that Participant is not, at any time up to and including any vesting date, employed by a "significant competitor" of the Company (as defined in Section 5(q) below); and (ii) an Option will continue to vest on schedule and may be exercised (but not later than the Option expiration date) while Participant is employed by the Company; unvested Option shares will vest on the date Participant's employment with the Company is terminated for any reason other than gross misconduct and may be exercised for up to two years after the termination date of Participant's employment (but not later than the Option expiration date), provided that Participant is not, at any time up to and including any exercise date, employed by a "significant competitor" of the Company (as defined in Section 5(q) below).

Appears in 1 contract

Samples: Equity Award Agreement (Citigroup Inc)

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Satisfying the. Rule of 75." If Participant has completed a number of full years of service with the Company that, when added to his or her age, equals at least 75, (i) unvested [shares] ["Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below) and "Supplemental CAP Shares"] will continue to vest on schedule, provided that if Participant is not, at any time up to and including any vesting date, no longer employed by a "significant competitor" the Company, Participant is not engaged in his or her business or profession, and does not engage in any activities that compete with any of the Company (as defined in Section 5(q) below)Company's business operations; and (ii) an Option will continue to vest on schedule and may be exercised (but not later than the Option expiration date) while Participant is employed by the Company; unvested Option shares will vest on the date Participant's employment with the Company is terminated for any reason other than gross misconduct and may be exercised for up to two years after the termination date of Participant's employment (but not later than the Option expiration date), provided that during such time Participant is not, at not engaged in his or her business or profession and does not engage in any time up to and including activities that compete with any exercise date, employed by a "significant competitor" of the Company (as defined in Section 5(q) below)Company's business operations.

Appears in 1 contract

Samples: Equity Award Agreement (Citigroup Inc)

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Satisfying the. Rule of 75." If Participant has completed a number of full years of service with the Company that, when added to his or her age, equals at least 75, (i) unvested [shares] ["Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below) and "Supplemental CAP Shares"] will continue to vest on schedule, provided that Participant is not, at any time up to and including any vesting date, employed by a "significant competitor" of the Company (as defined in Section 5(qparagraph (q) below); and (ii) an Option will continue to vest on schedule and may be exercised (but not later than the Option expiration date) while Participant is employed by the Company; unvested Option shares will vest on the date Participant's employment with the Company is terminated for any reason other than gross misconduct and may be exercised for up to two years after the termination date of Participant's employment (but not later than the Option expiration date), provided that Participant is not, at any time up to and including any exercise date, employed by a "significant competitor" of the Company (as defined in Section 5(qparagraph (q) below).

Appears in 1 contract

Samples: Award Agreement (Citigroup Inc)

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