Common use of A Risk Event Occurs Prior to Clause in Contracts

A Risk Event Occurs Prior to. If a Risk Event occurs prior to , (i) your rights in respect of all or a portion of your Short-Term RSUs will terminate and no RSU Shares will be delivered in respect of such Short-Term RSUs and (ii) you will be obligated immediately upon demand therefor to pay the Firm an amount not in excess of the greater of the Fair Market Value of the RSU Shares (plus any dividend payments and payments under Dividend Equivalent Rights) delivered in respect of the Award (without reduction for any amount applied to satisfy tax withholding or other obligations) determined as of (A) the date the Risk Event occurred and (B) the date that the repayment request is made.

Appears in 3 contracts

Samples: Year End Short Term Rsu Award Agreement (Goldman Sachs Group Inc), Year End Short Term Rsu Award Agreement (Goldman Sachs Group Inc), Year End Short Term Rsu Award Agreement (Goldman Sachs Group Inc)

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A Risk Event Occurs Prior to. [ ]. If a Risk Event occurs prior to , (i) your rights in respect of all or a portion of your Short-Term RSUs will terminate and no RSU Shares will be delivered in respect of such Short-Term RSUs and (ii) you will be obligated immediately upon demand therefor to pay the Firm an amount not in excess of the greater of the Fair Market Value of the RSU Shares (plus any dividend payments and payments under Dividend Equivalent Rights) delivered in respect of the Award (without reduction for any amount applied to satisfy tax withholding or other obligations) determined as of (A) the date the Risk Event occurred and (B) the date that the repayment request is made.

Appears in 1 contract

Samples: Award Agreement (Goldman Sachs Group Inc)

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