Common use of Additional Terms Conditions and Agreements Clause in Contracts

Additional Terms Conditions and Agreements. (a) You Must Satisfy Applicable Tax Withholding Requirements. Removal of the Transfer Restrictions is conditioned on your satisfaction of any applicable withholding taxes in accordance with Section 3.2 of the Plan, which includes the Firm deducting or withholding amounts from any payment or distribution to you. In addition, to the extent permitted by applicable law, the Firm, in its sole discretion, may require you to provide amounts equal to all or a portion of any Federal, state, local, foreign or other tax obligations imposed on you or the Firm in connection with the grant of this Award by requiring you to choose between remitting the amount (i) in cash (or through payroll deduction or otherwise), (ii) in the form of proceeds from the Firm’s executing a sale of shares of Common Stock delivered to you under this Award or (iii) shares of Common Stock delivered to you pursuant to this Award.

Appears in 5 contracts

Samples: Fixed Allowance Restricted Stock Award (Goldman Sachs Group Inc), Fixed Allowance Restricted Stock Award (Goldman Sachs Group Inc), Fixed Allowance Restricted Stock Award (Goldman Sachs Group Inc)

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Additional Terms Conditions and Agreements. (a) You Must Satisfy Applicable Tax Withholding Requirements. Removal Vesting of Restricted Shares and removal of the Transfer Restrictions is are conditioned on your satisfaction of any applicable withholding taxes in accordance with Section 3.2 of the Plan, which includes the Firm deducting or withholding amounts from any payment or distribution to you. In addition, to the extent permitted by applicable law, the Firm, in its sole discretion, may require you to provide amounts equal to all or a portion of any Federal, state, local, foreign or other tax obligations imposed on you or the Firm in connection with the grant or Vesting of this Award by requiring you to choose between remitting the amount (i) in cash (or through payroll deduction or otherwise), (ii) in the form of proceeds from the Firm’s executing a sale of shares of Common Stock delivered to you under this Award or (iii) shares of Common Stock delivered to you pursuant to this Award.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Goldman Sachs Group Inc), Restricted Stock Award Agreement (Goldman Sachs Group Inc)

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