Citigroup properly exercised its discretion when it denied a terminated executive the right to exercise his unvested shares of stock, cancelled his unvested stock options, and denied benefits to him under its severance,
Citigroup Executive Properly Denied Benefits
Citigroup properly exercised its discretion when it denied a terminated executive the right to exercise his unvested shares of stock, cancelled his unvested stock options, and denied benefits to him under its severance, deferred compensation, and supplemental executive retirement plans, rules Judge Naomi Buckwald in granting Citigroup's motion for summary judgment. <i>Welland v. Citigroup, Inc.</i>, 2003 WL 22973574 (S.D.N.Y. 12/17/03)
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