Common use of Voluntary Resignation to Pursue Alternative Career Clause in Contracts

Voluntary Resignation to Pursue Alternative Career. If Participant has not met the conditions of Subsection 4(i) hereof, and Participant voluntarily resigns from his or her employment with the Company to work in a full-time paid career (i) in government service, (ii) for a bona fide charitable institution, or (iii) as a teacher at a bona fide educational institution, and, if applicable, satisfies any additional requirements that may be imposed by management in accordance with the then applicable guidelines adopted for the purposes of administering this provision (an “alternative career”), the outstanding portion of the Award will continue to be settled on schedule subject to all other provisions of this Agreement and the applicable guidelines (or until such earlier date on which Subsection 4(d) hereof applies); provided that in the event of a resignation described in Clause 4(h)(ii) or (iii) hereof, Participant remains continuously employed in the alternative career (or a new alternative career) until the Scheduled Vesting Date and Participant provides by the Scheduled Vesting Date, if requested by the Company, a written certification of compliance with this provision, in a form satisfactory to the Committee. If an acceptable certification is not provided by the Scheduled Vesting Date, the Award will be canceled.

Appears in 2 contracts

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

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Voluntary Resignation to Pursue Alternative Career. If Participant has not met the conditions of Subsection 4(i3(k) hereof, and Participant voluntarily resigns from his or her employment with the Company to work in a full-time paid career (i) in government service, (ii) for a bona fide charitable institution, or (iii) as a teacher at a bona fide educational institution, and, if applicable, satisfies any additional requirements that may be imposed by management in accordance with the then applicable guidelines adopted for the purposes of administering this provision (an “alternative career”), the outstanding portion of the Award will continue to be settled on schedule subject to all other provisions of this Agreement and the applicable guidelines (or until such earlier date on which Subsection 4(d3(e) hereof applies); provided that in the event of a resignation described in Clause 4(h)(ii3(j)(ii) or (iii) hereof, Participant remains continuously employed in the alternative career (or a new alternative career) until the each Scheduled Vesting Date and Participant provides by the each such Scheduled Vesting Date, if requested by the Company, a written certification of compliance with this provisionthe Company’s alternative career guidelines, in a form satisfactory to the Committee. If an acceptable certification is not provided by the relevant Scheduled Vesting Date, the remaining outstanding portion of the Award will be canceled.

Appears in 1 contract

Samples: Award Agreement (Citigroup Inc)

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Voluntary Resignation to Pursue Alternative Career. If Participant has not met the conditions of Subsection 4(i3(j) hereof, and Participant voluntarily resigns from his or her employment with the Company to work in a full-time paid career (i) in government service, (ii) for a bona fide charitable institution, or (iii) as a teacher at a bona fide educational institution, and, if applicable, satisfies any additional requirements that may be imposed by management in accordance with the then applicable guidelines adopted for the purposes of administering this provision (an “alternative career”), the outstanding portion of the Award will continue to be settled on schedule subject to all other provisions of this Agreement and the applicable guidelines (or until such earlier date on which Subsection 4(d3(d) hereof applies); provided that in the event of a resignation described in Clause 4(h)(ii3(i)(ii) or (iii) hereof, Participant remains continuously employed in the alternative career (or a new alternative career) until the each Scheduled Vesting Date and Participant provides by the each such Scheduled Vesting Date, if requested by the Company, a written certification of compliance with this the provision, in a form satisfactory to the Committee. If an acceptable certification is not provided by the relevant Scheduled Vesting Date, the remaining outstanding portion of the Award will be canceled.

Appears in 1 contract

Samples: Cap Agreement (Citigroup Inc)

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