Transfer Restrictions and Shares at Risk. (a) [ percent of the RSU Shares that are delivered on any date, before tax withholding (or, if the applicable tax withholding rate is greater than %, all RSU Shares delivered after tax withholding), will be Shares at Risk. [This means that if, for example, on a Delivery Date, you are scheduled to receive delivery of ]. 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 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.] (b) [[Base RSUs with a Delivery Date on or before . For Base RSUs with a Delivery Date on or before , 50% of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the January Transferability Date, as set forth on your Award Statement. If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.] (c) [Base RSUs with a Delivery Date in [or after] For Base RSUs with a Delivery Date in [or after] , all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
Appears in 3 contracts
Samples: Year End Rsu Award Agreement (Goldman Sachs Group Inc), Year End Rsu Award Agreement (Goldman Sachs Group Inc), Rsu Award Agreement (Goldman Sachs Group Inc)
Transfer Restrictions and Shares at Risk. (a) [ percent of the RSU Shares that are delivered on any date, before tax withholding (or, if the applicable tax withholding rate is greater than %, all RSU Shares delivered after tax withholding), will be Shares at Risk. [This means that if, for example, on a Delivery Date, you are scheduled to receive delivery of ]. 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 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, Base and all such dates will be treated as a single Transferability Date for purposes of this AwardAdditional Base RSUs.]
(bi) [[Base RSUs [with a Delivery Date on in or before ]. [For Base RSUs with a Delivery Date on in or before , 50% ,] fifty percent of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the January Transferability Date, as set forth on your Award Statement. If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered in respect of Base RSUs after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(cii) [Base RSUs with a Delivery Date in [or after] after . For Base RSUs with a Delivery Date in [or after] , all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(iii) [Additional Base RSUs. For Additional Base RSUs, all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(b) [Supplemental RSUs. For Supplemental RSUs, all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(c) Purported Transactions that Violate the Transfer Restrictions Are Void. 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.
Appears in 2 contracts
Samples: Rsu Award Agreement (Goldman Sachs Group Inc), Rsu Award Agreement (Goldman Sachs Group Inc)
Transfer Restrictions and Shares at Risk. (a) [ Fifty percent of the RSU Shares that are delivered on any date, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk[ that are subject to Transfer Restrictions until the Transferability Date, as set forth on your Award Statement. [If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the Six-Month Transferability Date]. This means that if, for example, on a Delivery Date, you are scheduled to receive delivery of 1,000 RSU Shares, and you are subject to a 40% withholding rate, then (a) 400 RSU Shares will be withheld for taxes, (b) 500 RSU Shares delivered to you will be Shares at Risk [until the Transferability Date] and (c) 100 RSU Shares delivered to you will [not be subject to Transfer Restrictions][be Shares at Risk until the Six-Month Transferability Date]. 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 your Award StatementStatement ], and all such dates will be treated as a single Transferability Date for purposes of this Award.]
(b) [[Base RSUs with a Delivery Date on or before . For Base RSUs with a Delivery Date on or before , 50% of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the January Transferability Date, as set forth on your Award Statement. If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(c) [Base RSUs with a Delivery Date in [or after] For Base RSUs with a Delivery Date in [or after] , all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
Appears in 1 contract
Transfer Restrictions and Shares at Risk. (a) [ [Fifty percent of the RSU Shares that are delivered on any date, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk. [This means that if, for example, on a Delivery Date, you are scheduled to receive delivery of ]1,000 RSU Shares, and you are subject to a 40% withholding rate, then (a) 400 RSU Shares will be withheld for taxes, (b) 500 RSU Shares delivered to you will be Shares at Risk and (c) 100 RSU Shares delivered to you will not be subject to Transfer Restrictions. 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 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.]
(b) [[Base RSUs with a Delivery Date on in or before . For Base RSUs with a Delivery Date on in or before , 50% of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the January Transferability Date, as set forth on your Award Statement. If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(c) [Base RSUs with a Delivery Date in [or after] . For Base RSUs with a Delivery Date in [or after] , all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
Appears in 1 contract
Samples: Year End Rsu Award Agreement (Goldman Sachs Group Inc)
Transfer Restrictions and Shares at Risk. (a) [ [RSUs with a Delivery Date in or before . For RSUs with a Delivery Date in or before :]
(i) Fifty percent of the RSU Shares that are delivered on any date, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk[ that are subject to Transfer Restrictions until the Transferability Date, as set forth on your Award Statement].
(ii) [If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the Six-Month Transferability Date. []This means that if, for example, on a Delivery Date, you are scheduled to receive delivery of 1,000 RSU Shares, and you are subject to a 40% withholding rate, then (a) 400 RSU Shares will be withheld for taxes, (b) 500 RSU Shares delivered to you will be Shares at Risk[ until the Transferability Date] and (c) 100 RSU Shares delivered to you will[ be Shares at Risk until the Six-Month Transferability Date.]
(b) [RSUs with a Delivery Date in[ or after] . For RSUs with a Delivery Date in[ or after] , all RSU Shares delivered after tax withholding will be Shares at Risk][not be] subject to Transfer Restrictions[ until the Six-Month Transferability Date.]
(c) 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 the[ applicable] Transferability Date [listed on your the 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 Date[ listed on the Award Statement], and all such dates will be treated as a single Transferability Date for purposes of this Award.]
(b) [[Base RSUs with a Delivery Date on or before . For Base RSUs with a Delivery Date on or before , 50% of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the January Transferability Date, as set forth on your Award Statement. If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
(c) [Base RSUs with a Delivery Date in [or after] For Base RSUs with a Delivery Date in [or after] , all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the -Month Transferability Date.]
Appears in 1 contract
Samples: Year End Rsu Award Agreement (Goldman Sachs Group Inc)