Common use of Extended Absence Clause in Contracts

Extended Absence. (i) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 7(a)(ii), solely with respect to any Discount RSUs that were Outstanding but that had not yet become Vested prior to your termination of Employment by reason of Extended Absence, the condition set forth in Paragraph 4(b) shall be waived with respect to any such Discount RSUs (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. Any termination of Employment by reason of Extended Absence shall not affect your Base RSUs or Base Shares, and the Transfer Restrictions shall continue to apply until the Transferability Date as provided in Paragraph 3(b)(i)(B).

Appears in 4 contracts

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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.