Common use of Transfer Restrictions and Shares at Risk Clause in Contracts

Transfer Restrictions and Shares at Risk. All RSU Shares that are delivered on any date in respect of RSUs after tax withholding will be Shares at Risk subject to Transfer Restrictions until the applicable Transferability Date listed on your Award Statement. Any purported sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposition in violation of the Transfer Restrictions on Shares at Risk will be void. Within 30 Business Days after the applicable Transferability Date listed on your Award Statement (or any other date on which the Transfer Restrictions are to be removed), GS Inc. will remove the Transfer Restrictions. The Committee or the SIP Committee may select multiple dates within such 30-Business-Day period on which to remove Transfer Restrictions for all or a portion of the Shares at Risk with the same Transferability Date listed on the Award Statement, and all such dates will be treated as a single Transferability Date for purposes of this Award.] DIVIDENDS

Transfer Restrictions and Shares at Risk. All percent of the RSU Shares that are delivered on any date in respect of RSUs after tax withholding will be Shares at Risk subject to Transfer Restrictions Restrictions[ until the applicable [applicable] Transferability Date listed on your Award Statement]. Any purported sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposition in violation of the Transfer Restrictions on Shares at Risk will be void. Within 30 Business Days after the applicable [applicable] Transferability Date listed on your Award Statement (or any other date on which the Transfer Restrictions are to be removed), GS Inc. will remove the Transfer Restrictions. The Committee or the SIP Committee may select multiple dates within such 30-Business-Day period on which to remove Transfer Restrictions for all or a portion of the Shares at Risk with the same Transferability Date listed on the Award Statement, and all such dates will be treated as a single Transferability Date for purposes of this Award.] DIVIDENDS

Transfer Restrictions and Shares at Risk. All percent of the RSU Shares that are delivered on any date in respect of RSUs after tax withholding will be Shares at Risk subject to Transfer Restrictions Restrictions[ until the applicable Transferability Date listed on your Award Statement]. Any purported sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposition in violation of the Transfer Restrictions on Shares at Risk will be void. Within 30 Business Days after the applicable Transferability Date listed on your Award Statement (or any other date on which the Transfer Restrictions are to be removed), GS Inc. will remove the Transfer Restrictions. The Committee or the SIP Committee may select multiple dates within such 30-Business-Day period on which to remove Transfer Restrictions for all or a portion of the Shares at Risk with the same Transferability Date listed on the Award Statement, and all such dates will be treated as a single Transferability Date for purposes of this Award.] DIVIDENDSDividends