Common use of Extended Absence and Downsizing Clause in Contracts

Extended Absence and Downsizing. (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 6(b), in the event of the termination of your Employment by reason of Extended Absence, the condition set forth in Paragraph 4(a) shall be waived with respect to any Discount RSUs that were Outstanding but that had not yet become Vested immediately prior to such termination of Employment (as a result of which such Discount RSUs shall become Vested), but all other conditions of this Award Agreement shall continue to apply.

Appears in 3 contracts

Samples: Stock Incentive Plan Discount Stock (Goldman Sachs Group Inc/), Stock Incentive Plan Discount Stock (Goldman Sachs Group Inc/), Goldman Sachs Group Inc/

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Extended Absence and Downsizing. (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 6(b), in the event of the termination of your Employment (determined as described in Section 1.2.19 of the Plan) by reason of Extended Absence, the condition set forth in Paragraph 4(a) shall be waived with respect to any Discount RSUs that were Outstanding but that had not yet become Vested immediately prior to such termination of Employment (as a result of which such Discount RSUs shall become Vested), but all other terms and conditions of this Award Agreement shall continue to apply.

Appears in 1 contract

Samples: Award Agreement (Goldman Sachs Group Inc/)

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Extended Absence and Downsizing. (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 6(b), in the event of the termination of your Employment by reason of Extended Absence, the condition set forth in Paragraph 4(a) shall be waived with respect to any Discount RSUs that were Outstanding but that had not yet become Vested immediately prior to such termination of Employment (as a result of which such Discount RSUs shall become Vested), but all other terms and conditions of this Award Agreement shall continue to apply.

Appears in 1 contract

Samples: Stock Incentive Plan       Discount Stock (Goldman Sachs Group Inc/)

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