Delayed Settlement. If the Award is subject to Section 409A of the Code and there is a Delayed Settlement that extends beyond December 31 of the year in which the Award Payment Date occurs, unless Participant timely complies with the notification and enforcement provisions of Treas. Reg. § 1.409A-3(g), the Company has full and sole discretionary authority to modify the Award in order to avoid a violation of Section 409A of the Code.
Appears in 2 contracts
Samples: Performance Share Unit Award Agreement (Citigroup Inc), Performance Share Unit Award Agreement (Citigroup Inc)
Delayed Settlement. If the Award is subject to Section 409A of the Code and there is a Delayed Settlement that extends beyond December 31 of the year in which the Award Payment Scheduled Vesting Date occurs, unless Participant timely complies with the notification and enforcement provisions of Treas. Reg. § 1.409A-3(g), the Company has full and sole discretionary authority to modify the Award in order to avoid a violation of Section 409A of the Code.
Appears in 1 contract
Samples: Cap Agreement (Citigroup Inc)
Delayed Settlement. If the Award is subject to Section 409A of the Code and there is a Delayed Settlement that extends beyond December 31 of the year in which the Award Payment Scheduled Vesting Date occurs, unless Participant timely complies with the notification and enforcement provisions of Treas. Reg. § 1.409A-3(g), ) the Company has full and sole discretionary authority to modify the Award in order to avoid a violation of Section 409A of the Code.
Appears in 1 contract
Samples: Award Agreement (Citigroup Inc)
