Common use of Statutory Leave of Absence Clause in Contracts

Statutory Leave of Absence. The unvested portion of the Award will continue to vest on schedule subject to all other provisions of this Agreement during a leave of absence that is approved by the Company, is provided by applicable law and is taken in accordance with such law and applicable Company policy (a “statutory leave of absence”). If Participant’s employment terminates for any reason during a statutory leave of absence, the Award will be treated as described in the applicable provision of this Section 3. If Participant satisfies the conditions of Section 3(k) during a statutory leave of absence, the unvested portion of the Award will continue to vest on schedule, subject to Section 3(k).

Appears in 3 contracts

Samples: Performance Share Unit Award Agreement (Citigroup Inc), Performance Share Unit Award Agreement (Citigroup Inc), Performance Share Unit Award Agreement (Citigroup Inc)

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Statutory Leave of Absence. The unvested portion of the Award will continue to vest on schedule subject to all other provisions of this Agreement Agreement, including, without limitation, the Citi Clawback, the General Clawback, and the Performance Vesting Condition in Section 4(a), during a leave of absence that is approved by the Company, is provided by applicable law and is taken in accordance with such law and applicable Company policy (a “statutory leave of absence”). If Participant’s employment terminates for any reason during a statutory leave of absence, the Award will be treated as described in the applicable provision of this Section 3. If Participant satisfies the conditions of Section 3(k) during a statutory leave of absence, the unvested portion of the Award will continue to vest on schedule, subject to Section 3(k).

Appears in 3 contracts

Samples: Performance Share Unit Award Agreement (Citigroup Inc), Performance Share Unit Award Agreement (Citigroup Inc), Performance Share Unit Award Agreement (Citigroup Inc)

Statutory Leave of Absence. The unvested portion of the Award Unvested Awards will continue to vest on schedule subject to all other provisions of this Agreement during a leave of absence that is approved by the Companymanagement of Participant’s business unit, is provided by applicable law and is taken in accordance with such law and applicable Company policy (a “statutory leave of absence”). If Participant’s employment terminates for any reason during a statutory leave of absence, the Award Awards will be treated as described in the applicable provision of this Section 3. If Participant satisfies the conditions of Section 3(k) or (l) during a statutory leave of absence, the unvested portion of the Award Awards will continue to vest on schedule, subject to Section 3(k) or (l), as applicable.

Appears in 2 contracts

Samples: Capital Accumulation Program/Deferred Cash Award Plan Award Agreement (Citigroup Inc), Capital Accumulation Program/Deferred Cash Award Plan Award Agreement (Citigroup Inc)

Statutory Leave of Absence. The An unvested portion of the Award will continue to vest on schedule subject to all other provisions of this Agreement during a leave of absence that is approved by the Companymanagement of Participant’s business unit, is provided by applicable law and is taken in accordance with such law and applicable Company policy (a “statutory leave of absence”). If Participant’s employment terminates for any reason during a statutory leave of absence, the Award will be treated as described in the applicable provision of this Section 3. If Participant satisfies the conditions of Section 3(k) during a statutory leave of absence, the an unvested portion of the Award will continue to vest on schedule, subject to Section 3(k).

Appears in 1 contract

Samples: Capital Accumulation Program Award Agreement (Citigroup Inc)

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Statutory Leave of Absence. The unvested portion of the Award Unvested Awards will continue to vest on schedule schedule, subject to all other provisions of this Agreement Agreement, during a leave of absence that is approved by the Companymanagement of Participant’s business unit, is provided by applicable law and is taken in accordance with such law and applicable Company policy (a “statutory leave of absence”). If Participant’s employment terminates for any reason during a statutory leave of absence, the Award Awards will be treated as described in the applicable provision of this Section 3. If Participant satisfies the conditions of Section 3(k) during a statutory leave of absence, the unvested portion of the Award Awards will continue to vest on schedule, subject to Section 3(k).

Appears in 1 contract

Samples: Capital Accumulation Program/Deferred Cash Award Plan Award Agreement (Citigroup Inc)

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