Common use of Transfer Restrictions on Base RSU Shares Clause in Contracts

Transfer Restrictions on Base RSU Shares. (1) If the withholding rate applicable to the delivery of Shares underlying Base RSUs on a Delivery Date (or any other date delivery of Shares is called for hereunder) is at least 50%, then all the Shares delivered to you (after application of the withholding) in respect of such RSUs on such date will be subject to the Transfer Restrictions until the date specified for such RSUs in your Award Statement as the “Transferability Date” (the “Transferability Date”).

Appears in 3 contracts

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

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Transfer Restrictions on Base RSU Shares. (1) If the withholding rate applicable to the delivery of Shares underlying Base RSUs on a Delivery Date (or any other date delivery of Shares is called for hereunder) is at least 50%, then all the Shares delivered to you (after application of the withholding) in respect of such RSUs on such date will be subject to the Transfer Restrictions until the date specified for such RSUs in your Award Statement as the Transferability Date” (the “Transferability Date”).

Appears in 3 contracts

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

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