Common use of Transfer to Non-Participating Subsidiary Clause in Contracts

Transfer to Non-Participating Subsidiary. (i) If Participant transfers to a subsidiary that is a member of the "controlled group" of Citigroup (as defined below), unvested shares will continue to vest on schedule [vested Option shares may continue to be exercised (but not later than the Option expiration date)], subject to all other provisions of this Agreement. (ii) If Participant transfers to a subsidiary that is not a member of the "controlled group" of Citigroup (as defined below), the provisions of Section [6](h) will apply to the Award. For purposes of this Agreement, "controlled group" has the meaning set forth in Treas. Reg. § 1.409A-1(h)(3).

Transfer to Non-Participating Subsidiary. (i) If Participant transfers to a subsidiary that is a member of the "“controlled group" ” of Citigroup (as defined below), unvested shares the outstanding portion of the Award will continue to vest be settled on schedule [vested Option shares may continue to be exercised (but not later than the Option expiration date)], subject to all other provisions of this Agreement. Agreement (ii) including the requirements related to continued service). If Participant transfers to a subsidiary that is not a member of the "“controlled group" ” of Citigroup (as defined below), the provisions of Section [6](hSubsection 3(g) hereof will apply to the Award. For purposes of this Agreement, "“controlled group" ” has the meaning set forth in the first sentence of Treas. Reg. § 1.409A-1(h)(3).

Transfer to Non-Participating Subsidiary. (i) If Participant transfers to a subsidiary that is a member of the "controlled group" of Citigroup (as defined below), unvested shares will continue to vest on schedule [vested Option shares may continue to be exercised (but not later than the Option expiration date)], subject to all other provisions of this Agreementschedule. (ii) If Participant transfers to a subsidiary that is not a member of the "controlled group" of Citigroup (as defined below), the provisions of Section [6](h) any unvested shares will apply to the Awardbe canceled. For purposes of this the Agreement, "controlled group" has the meaning set forth in Treas. Reg. § 1.409A-1(h)(3).