Common use of You Engage in Serious Misconduct Clause in Contracts

You Engage in Serious Misconduct. If you engage in Serious Misconduct , you will be obligated immediately upon demand therefor to pay the Firm an amount not in excess of the greater of the Fair Market Value of the Shares (plus any dividend payments) delivered in respect of the Award (without reduction for any amount applied to satisfy tax withholding or other obligations) determined as of (i) the date the Serious Misconduct occurred and (ii) the date that the repayment request is made.

Appears in 2 contracts

Samples: Year End Performance Based Rsu Award (Goldman Sachs Group Inc), Year End Performance Based Rsu Award (Goldman Sachs Group Inc)

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You Engage in Serious Misconduct. If you engage in Serious Misconduct ________________, you will be obligated immediately upon demand therefor to pay the Firm an amount not in excess of the greater of the Fair Market Value of the Shares Settlement Amount (plus any dividend payments) delivered in respect of the Award (without reduction for any amount applied to satisfy tax withholding or other obligations) determined as of (i) the date the Serious Misconduct occurred and (ii) the date that the repayment request is made.

Appears in 1 contract

Samples: Award Agreement (Goldman Sachs Group Inc)

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You Engage in Serious Misconduct. If you engage in Serious Misconduct ____ _______, you will be obligated immediately upon demand therefor to pay the Firm an amount not in excess of the greater of the Fair Market Value of the Shares (plus any dividend payments) delivered in respect of the Award (without reduction for any amount applied to satisfy tax withholding or other obligations) determined as of (i) the date the Serious Misconduct occurred and (ii) the date that the repayment request is made.

Appears in 1 contract

Samples: Award Agreement (Goldman Sachs Group Inc)

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