Adverse Consequences. Notwithstanding the foregoing, the Committee may, in its discretion, decline to adjust any Award made to a Participant, if it determines that such adjustment would violate applicable law or result in adverse tax consequences to Participant or the Company, and neither the Committee nor Citigroup shall be bound to compensate any Participant for any such adjustment not made, nor shall they be liable to Participant for any additional personal tax or other consequences of any adjustments that are made to an Award.
Appears in 2 contracts
Sources: Discretionary Incentive and Retention Award Agreement, Discretionary Incentive and Retention Award Agreement (Citigroup Inc)