Common use of Suspension of Employment Clause in Contracts

Suspension of Employment. If the Company suspends Participant’s employment (with or without pay) during an investigation, then all vesting of an Award will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 5 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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Suspension of Employment. If the Company suspends Participant’s employment (with or without pay) during an investigation, then all vesting of an any Award will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an the Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 2 contracts

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

Suspension of Employment. If the Company suspends Participant’s employment (with or without pay) during an investigation, then all vesting of an Award any Award, and the payment of any dividends, dividend equivalents or interest on such Award, will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an the Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 1 contract

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

Suspension of Employment. If the Company suspends Participant’s employment (with or without pay) during an investigation, then all vesting of an Award any Award, and the payment of any dividends or dividend equivalents on such Award, will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an Award the Awards and vesting related thereto, be effective as of the date of the suspension.

Appears in 1 contract

Samples: Off Cycle Award Agreement (Citigroup Inc)

Suspension of Employment. If the Company suspends a Participant’s employment (with or without pay) during an investigation, then all vesting of an any Award will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an the Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 1 contract

Samples: Cap/Dcap Agreement (Citigroup Inc)

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Suspension of Employment. If the Company suspends Participant’s employment (with or without pay) during an investigation, then all vesting of an any Award and any payment of dividends or dividend equivalents will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an the Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 1 contract

Samples: Capital Accumulation Program Award Agreement (Citigroup Inc)

Suspension of Employment. If the Company suspends a Participant’s employment (with or without pay) during an investigation, then all vesting of an Award will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Citigroup Inc)

Suspension of Employment. If the Company suspends a Participant’s employment (with or without pay) during an investigation, then all vesting of an any Award will likewise be suspended pending the outcome of the investigation. If Participant’s employment terminates for any reason during or after such investigation, then the termination of employment will, for purposes of an the Award and vesting related thereto, be effective as of the date of the suspension.

Appears in 1 contract

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

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