Document:

Exhibit 10.33   

 CIT Group Inc.

Long-Term Incentive Plan

Restricted Stock Unit Award Agreement

 Effective as of the “Date of Award” (as such term is defined in the “Award Summary” that was delivered to the Participant by the Company), this Award Agreement sets forth the grant of Restricted Stock Units (“RSUs”) by CIT Group Inc., a Delaware corporation (the “Company”), to the Participant named in the Award Summary, pursuant to the provisions of the Amended and Restated CIT Group Inc. Long-Term Incentive Plan (the “Plan”). This Award Agreement memorializes the terms and conditions as approved by the Compensation Committee of the Board (the “Committee”). All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.

 The parties hereto agree as follows:

		
	
      (A)

	
Grant of RSUs. The Company hereby grants to the Participant the number of RSUs set forth in the Award Summary, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

		
	 (B)	 Vesting and Settlement of RSUs.

	    	 (1)        	
      Subject to the Participant’s continued employment with the Company and/or its Affiliates (the “Company Group”) from the Date of Award until the applicable Vesting Date (as defined below) and compliance with, and subject to, the terms and conditions of this Award Agreement, one-third (33 1/3%) of the RSUs shall vest on each of the first, second and third anniversaries of the Date of Award (each anniversary, a “Vesting Date”).

    
	  
	 	 (2)           	
      Each vested RSU shall be settled through the delivery of one Share within thirty (30) days following the applicable Vesting Date (a “Settlement Date”), provided that any fractional Share shall vest and be settled on the last Vesting Date and Settlement Date, respectively.

    
	  
	 	 (3)           	
      The Shares delivered to the Participant on the applicable Settlement Date (or such date determined in accordance with Section (C) or (D)) shall not be subject to transfer restrictions and shall be fully paid, non-assessable and registered in the Participant’s name.

    
	  
	 	 (4)           	
      If, after the Date of Award and prior to the applicable Vesting Date, dividends with respect to Shares are declared or paid by the Company, the Participant shall be credited with, and entitled to receive, dividend equivalents in an amount, without interest, equal to the cumulative dividends declared or paid on a Share, if any, during such period multiplied by the number of unvested RSUs. Unless otherwise determined by the Committee, dividend equivalents paid in cash shall not be reinvested in Shares and shall remain uninvested. The dividend equivalents credited in respect of vested RSUs shall be paid in cash or Shares, as applicable, on the Settlement Date.

    
	  
	 	 (5)           	
      In the sole discretion of the Committee and notwithstanding any other provision of this Award Agreement to the contrary, in lieu of the delivery of Shares, the RSUs and any dividend equivalents payable in Shares, may be settled through a payment in cash equal to the Fair Market Value of the applicable number of Shares, determined on the applicable Vesting Date or, in the case of settlement in accordance with Section (C)(1), (C)(3) or (D), the date of the Participant’s “Separation from Service” (within the meaning of the Committee’s established methodology for determining “Separation from Service” for purposes of Section 409A (as defined below)) or the date of Disability, as applicable. Settlement under this Section (B)(5) shall be made at the time specified under Sections (B)(2), (B)(4), (C)(1), (C)(2), (C)(3) or (D), as applicable.

    
	  

		
	 (C)	 Separation from Service.

	    	 (1)        	
      If, after the Date of Award and prior to an applicable
Settlement  Date,  the  Participant  incurs a Disability (as defined below) or a
Separation  from Service from the Company  Group due to death,  each RSU, to the
extent unvested, shall vest immediately and shall settle through the delivery of
one Share within thirty (30) days following the Participant’s Disability or
Separation from Service due to death. The Participant  shall also be entitled to
receive all credited and unpaid  dividend  equivalents  at the time the RSUs are
settled in accordance  with this Section  (C)(1).  “Disability”
shall  have  the  same  meaning  as  defined  in the  Company’s  applicable
long-term  disability  plan or policy last in effect prior to the first date the
Participant suffers from such Disability;  provided,  however,  to
the  extent  a   “Disability”   event  does  not  also   constitute  a
“Disability”  as defined in Section 409A, such Disability  event shall
not constitute a Disability for purposes of this Section (C)(1).

    
	 

	    	 (2)        	
      If, after the Date of Award and prior to an applicable
Settlement  Date, the  Participant  incurs a Separation  from Service due to the
Participant’s Retirement (as defined below) or initiated by the Company and
not  involving   circumstances   that  would  otherwise   constitute  a  Non-RIF
Termination (as defined  below),  and  conditioned  upon the  Participant’s
compliance with the  obligations  referenced in Section (L)(2) below through the
applicable  Vesting Dates and Settlement  Dates,  the RSUs (and any credited and
unpaid dividend equivalents),  to the extent unvested as of such Separation from
Service,  shall continue to vest and be settled on the  applicable  Vesting Date
and Settlement Date in accordance with Sections (B)(1) and (B)(2) above,  unless
such  continued  vesting  and  settlement  of RSUs  (and  dividend  equivalents)
following  the  Participant’s  Separation  from  Service is  prohibited  or
limited by applicable law and/or  regulation.  “Retirement”  is
defined as either (i) the  Participant’s  election  to retire upon or after
attaining  his or her  “Normal  Retirement  Age”;  or (ii)  the
Participant’s  election  to retire upon (A)  completing  at least a 10-year
“Period of Benefit Service”  and (B) having either (1) attained
age 55, or (2) incurred an “Eligible  Termination”  and, at the
time of such  “Eligible  Termination,”  having attained age 54.
The terms “Normal  Retirement Age,”  “Period of Benefit
Service”  and  “Eligible  Termination”  shall have the
meaning as defined in the CIT Group Inc.  Retirement Plan,  effective January 1,
2007, as amended from time to time (the “Retirement  Plan”).  A
“Non-RIF  Termination”  shall have the meaning attributed to it
in the Company’s Employee Severance Plan, as amended from time to time (the
“Employee  Severance  Plan”).  The  definitions  of Retirement,
Normal  Retirement  Age,  Period of Benefit  Service,  Eligible  Termination and
Non-RIF  Termination  are applicable  irrespective of whether the Participant is
eligible to  participate in the  Retirement  Plan and/or the Employee  Severance
Plan.

    

	 	(3)	Notwithstanding Sections (C)(1), (C)(2) or (D), if the Participant’s employment agreement with the Company, as amended on January 18, 2011 and as amended further from time to time (the “Employment Agreement”), is still in effect on the date of the Participant’s Separation from Service, then upon a Separation from Service described in Section 5(a), 5(c) or 5(d) of the Employment Agreement the RSUs (and any credited and unpaid dividend equivalents), to the extent unvested, shall vest upon such Separation from Service and be settled within thirty (30) days following such Separation from Service, unless such accelerated vesting and settlement of RSUs (and dividend equivalents) following the Participant’s Separation from Service is prohibited or limited by applicable law and/or regulation.
	 	 	    
	     	 (4)           	
      If, prior to an applicable Vesting Date, the Participant’s employment with the Company Group terminates for any reason other than as set forth in Section (C)(1), (C)(2), (C)(3) or (D), the unvested RSUs shall be cancelled immediately and the Participant shall immediately forfeit any rights to, and shall not be entitled to receive any payments with respect to, the RSUs including, without limitation, dividend equivalents pursuant to Section (B)(4).

    
	 

	 (D)        	
      Change of Control. Notwithstanding any
provision  contained  in the Plan or this Award  Agreement  to the  contrary and
subject to Section (C)(3) above,  if, prior to an applicable  Settlement Date, a
Change of Control  occurs and  within  two years of such  Change of Control  the
Participant  incurs a Separation  from Service (i)  initiated by the Company and
not  involving   circumstances   that  would  otherwise   constitute  a  Non-RIF
Termination or (ii) initiated by the Participant for “Good Reason” (as
defined below), the RSUs (and any credited and unpaid dividend equivalents),  to
the extent unvested, shall vest upon such Separation from Service and be settled
within thirty (30) days  following  such  Separation  from Service,  unless such
accelerated vesting and settlement of RSUs (and dividend equivalents)  following
the  Participant’s  Separation  from  Service is  prohibited  or limited by
applicable law and/or  regulation.  “Good  Reason”  shall mean,
without  the   Participant’s   consent,   a  material   diminution  of  the
Participant’s  (x)  base  salary  and  incentive  compensation  opportunity
(except in the event of a compensation  reduction  applicable to the Participant
and other  employees  of  comparable  rank  and/or  status)  or (y)  duties  and
responsibilities   (except  a  temporary  reduction  while  the  Participant  is
physically  or mentally  incapacitated  or a  modification  in the duties and/or
responsibilities  of the  Participant  and other  employees of  comparable  rank
and/or status following a Control of Control),  provided, that a Separation from
Service for Good Reason shall not occur unless (A) the  Participant has provided
the Company  written notice  specifying in detail the alleged  condition of Good
Reason within  thirty (30) days of the  occurrence  of such  condition;  (B) the
Company  has  failed to cure such  alleged  condition  within  ninety  (90) days
following  the  Company’s  receipt of such written  notice;  and (C) if the
Committee (or its designee) has  determined  that the Company has failed to cure
such alleged  condition,  the  Participant  initiates a Separation  from Service
within five (5) days following the end of such 90-day cure period.

    
	 
	 (E)           	
      Transferability. The RSUs are not transferable other than by last will and testament, by the laws of descent and distribution pursuant to a domestic relations order, or as otherwise permitted under Section 12 of the Plan.

    
	 
	 (F)           	
      Incorporation of Plan. The Plan provides a complete description of the terms and conditions governing all Awards granted thereunder and is incorporated into this Award Agreement by reference unless specifically stated herein. This Award Agreement and the rights of the Participant hereunder are subject to the terms and conditions of the Plan, as amended from time to time, and to such rules and regulations as the Committee may adopt under the Plan. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement.

    
	   
	 (G)           	
      No Entitlements.

    
	  

	   	 (1)        	
      The Plan or the Award Agreement does not confer on the Participant any right or entitlement to receive compensation, including, without limitation, any base salary or incentive compensation, in any specific amount for any future fiscal year (including, without limitation, any grants of future Awards under the Plan) and do not impact in any

    
	 

2

	  	 	
      way the Company Group’s determination of the amount,
if any, of the Participant’s  base salary or incentive  compensation.  This
Award of RSUs made under this Award  Agreement is completely  independent of any
other Awards or grants and is made at the sole  discretion  of the Company.  The
RSUs  do  not  constitute  salary,   wages,  regular   compensation,   recurrent
compensation,  pensionable compensation or contractual compensation for the year
of grant or any prior or later years and shall not be included  in, nor have any
effect  on  or  be  deemed  earned  in  any  respect,  in  connection  with  the
determination of employment-related rights or benefits under law or any employee
benefit plan or similar  arrangement  provided by the Company Group  (including,
without limitation,  severance, termination of employment and pension benefits),
unless  otherwise  specifically  provided  for  under  the terms of such plan or
arrangement or by the Company Group. The benefits  provided pursuant to the RSUs
are in no way secured, guaranteed or warranted by the Company Group.

    
	  
	 	 (2)           	
      The RSUs are awarded to the Participant by virtue of the Participant’s employment with, and services performed for, the Company Group. The Plan or the Award Agreement does not constitute an employment agreement. Nothing in the Plan or the Award Agreement shall modify the terms of the Participant’s employment, including, without limitation, the Participant’s status as an “at will” employee of the Company Group, if applicable.

    
	 	 	  
	 	(3)	Subject to any applicable employment agreement, the Company reserves
the  right  to  change  the  terms  and  conditions  of  the  Participant’s
employment,  including  the  division,  subsidiary  or  department  in which the
Participant is employed.  None of the Plan or the Award Agreement,  the grant of
RSUs,  nor any action  taken or omitted to be taken  under the Plan or the Award
Agreement shall be deemed to create or confer on the Participant any right to be
retained in the employ of the Company Group, or to interfere with or to limit in
any way the  right of the  Company  Group to  terminate  the  Participant’s
employment at any time.  Moreover,  the Separation  from Service  provisions set
forth in Section (C) or (D), as  applicable,  only apply to the treatment of the
RSUs  in  the  specified  circumstances  and  shall  not  otherwise  affect  the
Participant’s  employment relationship.  By accepting this Award Agreement,
the  Participant  waives  any and all  rights  to  compensation  or  damages  in
consequence of the  termination of the  Participant’s  office or employment
for any reason  whatsoever to the extent such rights arise or may arise from the
Participant’s  ceasing to have  rights  under,  or be  entitled  to receive
payment in respect of, any  unvested  RSUs that are  cancelled or forfeited as a
result  of such  termination,  or from the loss or  diminution  in value of such
rights or entitlements, including by reason of the operation of the terms of the
Plan,  this Award Agreement or the provisions of any statute or law to taxation.
This  waiver  applies  whether  or not such  termination  amounts  to a wrongful
discharge or unfair dismissal.

	 	 
	 (H)        	
      No Rights as a Stockholder. The Participant will have no rights as a stockholder with respect to Shares covered by this Award Agreement (including voting rights) until the date the Participant or his nominee becomes the holder of record of such Shares on an applicable Settlement Date or as provided in Section (C) or (D), if applicable.

    
	 
	 (I)           	
      Securities Representation. The grant of the RSUs and issuance of Shares upon vesting of the RSUs shall be subject to, and in compliance with, all applicable requirements of federal, state or foreign securities law. No Shares may be issued hereunder if the issuance of such Shares would constitute a violation of any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Shares may then be listed. As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation.

    
	  
	 	
      The Shares are being issued to the Participant and this Award Agreement is being made by the Company in reliance upon the following express representations and warranties of the Participant. The Participant acknowledges, represents and warrants that:

    
	  

	   	 (1)        	
      He or she has been advised that he or she may be an “affiliate” within the meaning of Rule 144 under the Securities Act of 1933, as amended (the “Act”) and in this connection the Company is relying in part on his or her representations set forth in this section (I)(1); and

    
	  
	 	 (2)           	
      If he or she is deemed an affiliate within the meaning of Rule 144 of the Act, the Shares must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such Shares and the Company is under no obligation to register the Shares (or to file a “re-offer prospectus”).

    
	  
	 	 (3)           	
      If he or she is deemed an affiliate within the meaning of Rule 144 of the Act, he or she understands that the exemption from registration under Rule 144 will not be available unless (i) a public trading market then exists for the Shares of the Company, (ii) adequate information concerning the Company is then available to the public, and (iii) other terms and conditions of Rule 144 or any exemption therefrom are complied with; and that any sale of the Shares may be made only in limited amounts in accordance with such terms and conditions.

    
	  

	 (J)        	
      Notices. Any notice or communication given hereunder shall be in writing and shall be deemed to have been duly given when delivered in person or mailed by certified mail, postage and fees prepaid, or internationally recognized express mail service, as follows:

    

3

	        	            	
      If to the Company, to:

CIT Group Inc.

1 CIT Drive

Livingston, New Jersey 07039

Attention: Senior Vice President, Compensation and Benefits

If to the Participant, to the address on file with the Company Group.

    

	 (K)        	
Transfer of Personal Data. In order to
facilitate  the  administration  of this  Award,  it will be  necessary  for the
Company Group to collect,  hold, and process certain personal  information about
the  Participant.  As a  condition  of  accepting  this Award,  the  Participant
authorizes,  agrees and unambiguously  consents to the Company Group collecting,
using,  disclosing,  holding and processing  personal data and transferring such
data to third parties (collectively, the “Data Recipients”) for
the primary purpose of the Participant’s  participation in, and the general
administration  of, the Plan and to the transmission by the Company Group of any
personal  data  information  related  to  the  RSUs  awarded  under  this  Award
Agreement,  as required in connection with the Participant’s  participation
in the Plan (including,  without limitation, the administration of the Plan) out
of the Participant’s home country and including to countries with less data
protection  than the data  protection  provided by the  Participant’s  home
country. This authorization and consent is freely given by the Participant.  The
Participant  acknowledges  that he/she has been informed that upon request,  the
Company will provide the name or title and contact information for an officer or
employee  of the  Company  Group  who is  able to  answer  questions  about  the
collection, use and disclosure of personal data information.

        
	  

	     	 (1)        	
      The Data Recipients will treat the Participant’s personal data as private and confidential and will not disclose such data for purposes other than the management and administration of this Award and will take reasonable measures to keep the Participant’s personal data private, confidential, accurate and current.

    
	  
	 	 (2)           	
      Where the transfer is to a destination outside the country to which the Participant is employed, the Company shall take reasonable steps to ensure that the Participant’s personal data continues to be adequately protected and securely held. By accepting this Award, the Participant acknowledges that personal information about the Participant may be transferred to a country that does not offer the same level of data protection as the country in which the Participant is employed.

    
	  

	 (L)        	
Cancellation; Related Matters.

        
	 

	    	 (1)        	
      In the event of a material restatement of the Company’s financial statements, the Committee (or its designee) shall review those facts and circumstances underlying the restatement that the Committee (or its designee) determines in its sole discretion as relevant (which may include, without limitation, the Participant’s status and responsibility within the organization, any potential wrongdoing by the Participant and whether the restatement was the result of negligence, intentional or gross misconduct or other conduct detrimental to the Company insofar as it caused material financial or reputational harm to the Company or its business activities), and the Committee (or its designee), in its sole discretion, may direct the Company to cancel any then unvested RSUs, and the Participant shall forfeit any rights to such unvested and cancelled RSUs.

    
	  
	 	 (2)           	
      In the event that the Committee (or its designee), in its sole discretion, determines at any time that the Participant has breached (i) any provisions relating to non-competition, non-solicitation, confidential information or inventions or proprietary property in any employment agreement or other agreement in effect between the Participant and the Company or an Affiliate or (ii) the provisions of Exhibit A during the Participant’s employment or the one year period following the Participant’s Separation from Service from the Company Group, then the Committee (or its designee), in its sole discretion, may direct the Company to cancel any then unvested RSUs, and the Participant shall forfeit any rights to such unvested and cancelled RSUs.

    
	 

	 	(3)	In the event the Committee (or its designee), in its sole discretion,
determines  at any time that the  Participant  has engaged in  “Detrimental
Conduct”  (as  defined  below)  during the  Participant’s  employment,
including  if  such  determination  is  made  following  the  Participant’s
termination  of employment,  then the Committee (or its  designee),  in its sole
discretion,  may direct the Company to cancel any then  unvested  RSUs,  and the
Participant  shall  forfeit  any rights to such  unvested  and  cancelled  RSUs.
“Detrimental  Conduct”  shall  mean: (i) any conduct that would
constitute “cause”  under the Participant’s  employment agreement
or similar  agreement  with the  Company or its  Affiliates,  if any,  or if the
Participant’s   employment  has  terminated  and  the  Committee  discovers
thereafter that the Participant’s employment could have been terminated for
“cause”  or  as  a  Non-RIF  Termination;  (ii)  the  commission  of a
misdemeanor   involving  moral  turpitude  or  a  felony;   (iii)  fraud,  gross
negligence,  malfeasance  or any act or  failure  to act that has  caused or may
reasonably be expected to cause material  injury to the Company Group; or (iv) a
violation  of any  federal or state  securities  or banking  laws,  any rules or
regulations  issued  pursuant to such laws, or the rules and  regulations of any
securities  or  exchange  or  association  of which  the  Company  or one of its
Affiliates is a member.
	 	 	 
	   	 (4)           	
      Notwithstanding anything contained in the Plan or this Award Agreement to the contrary, to the extent that the Company is required by law to include any additional recoupment, recovery or forfeiture provisions to outstanding

    

4

	   	 	
      Awards, then such additional provisions shall also apply to this Award Agreement as if they had been included as of the Date of Award and in the manner determined by the Committee in its sole discretion.

    
	 
	 	 (5)           	
      The remedies provided for in this Award Agreement shall be cumulative and not exclusive, and the Participant agrees and acknowledges that the enforcement by the Company of its rights hereunder shall not in any manner impair, restrict or limit the right of the Company to seek injunctive and other equitable or legal relief under applicable law or the terms of any other agreement between the Company and the Participant.

    
	 

	 (M)        	
Miscellaneous.

        
	 

	    	 (1)        	
      It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Award Agreement, all of which shall be binding upon the Participant.

    
	 
	 	 (2)           	
      The Board may at any time, or from time to time, terminate, amend, modify or suspend the Plan, and the Board or the Committee may amend or modify this Award Agreement at any time; provided, however, that, except as provided herein, no termination, amendment, modification or suspension shall materially and adversely alter or impair the rights of the Participant under this Award Agreement, without the Participant’s written consent.

    
	 
	 	 (3)           	
      This Award Agreement is intended to comply with, or be
exempt  from,  Section  409A  of the  Code  and  the  regulations  and  guidance
promulgated thereunder  (“Section  409A”),  and accordingly, to
the maximum extent  permitted,  this Award  Agreement  shall be interpreted in a
manner intended to be in compliance therewith.  In no event whatsoever shall the
Company Group be liable for any additional tax,  interest or penalty that may be
imposed on the  Participant by Section 409A or any damages for failing to comply
with Section 409A. If any provision of the Plan or the Award Agreement would, in
the sole discretion of the Committee,  result or likely result in the imposition
on the  Participant,  a beneficiary or any other person of additional taxes or a
penalty tax under Section  409A,  the Committee may modify the terms of the Plan
or the Award Agreement,  without the consent of the Participant,  beneficiary or
such other person, in the manner that the Committee, in its sole discretion, may
determine to be necessary or advisable to avoid the  imposition  of such penalty
tax.  Notwithstanding  anything  to the  contrary  in  the  Plan  or  the  Award
Agreement,   to  the  extent  that  the  Participant  is  a   “Specified
Employee”  (within  the  meaning  of the  Committee’s  established
methodology for determining “Specified Employees”  for purposes
of Section  409A),  payment or  distribution  of any amounts with respect to the
RSUs  that are  subject  to  Section  409A  will be made as soon as  practicable
following  the  first   business  day  of  the  seventh   month   following  the
Participant’s  Separation  from  Service  from the  Company  Group  or,  if
earlier, the date of the Participant’s death.

    
	 

	    	 (4)        	
      Delivery of the Shares underlying the RSUs or payment in cash (if permitted pursuant to Section (B)(5)) upon settlement is subject to the Participant satisfying all applicable federal, state, local and foreign taxes and other statutory obligations (including, without limitation, the Participant’s FICA obligation). The Company shall have the power and the right to (i) deduct or withhold from all amounts payable to the Participant pursuant to the RSUs or otherwise, or (ii) require the Participant to remit to the Company, an amount sufficient to satisfy any applicable taxes required by law. The Company may permit or require the Participant to satisfy, in whole or in part, the tax obligations by withholding Shares that would otherwise be received upon settlement of the RSUs.

    
	 

	    	 (5)        	
      The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates representing Shares issued pursuant to this Award Agreement. The Participant shall, at the request of the Company, promptly present to the Company any and all certificates representing Shares acquired pursuant to this Award Agreement in the possession of the Participant.

    
	 
	 	 (6)           	
      This Award Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required, or the Committee determines are advisable. The Participant agrees to take all steps the Company determines are necessary to comply with all applicable provisions of federal, state and foreign securities law in exercising his or her rights under this Award Agreement.

    
	 

	    	 (7)        	
      Nothing in the Plan or this Agreement should be construed as providing the Participant with financial, tax, legal or other advice with respect to the RSUs. The Company recommends that the Participant consult with his or her financial, tax, legal and other advisors to provide advice in connection with the RSUs.

    
	 
	 	 (8)           	
      All obligations of the Company under the Plan and this Award Agreement, with respect to the Awards, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

    
	 
	 	 (9)           	
      To the extent not preempted by federal law, this Award Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware.

    

5

	    	 (10)       	
      This Award Agreement may be executed in one or more counterparts, all of which taken together shall constitute one contract.

    
	  
	 	 (11)          	
      The Participant agrees that the Company may, to the extent permitted by applicable law and as provided for in Section 17(d) of the Plan, retain for itself securities or funds otherwise payable to the Participant pursuant to this Award Agreement to satisfy any obligation or debt that the Participant owes the Company or its affiliates; provided that the Company may not retain such funds or securities and set off such obligations or liabilities until such time as they would otherwise be distributable to the Participant, and to the extent that Section 409A is applicable, such offset shall not exceed the maximum offset then permitted under Section 409A.

    
	  
	 	 (12)          	
      The Participant acknowledges that if he or she moves to another country during the term of this Award Agreement, additional terms and conditions may apply and as provided for in Section 17(f) of the Plan and the Company reserves the right to impose other requirements to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Award Agreement. The Participant agrees to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing.

    
	  
	 	 (13)          	
      The Participant acknowledges that his or her participation in the Plan as a result of this Award Agreement is further good and valuable consideration for the Participant’s obligations under any non-competition, non-solicitation, confidentiality or similar agreement between the Participant and the Company.

    
	  
	 	 (14)          	
      Neither this Award Agreement or the Shares that may be awarded hereunder represent any right to the payment of earned wages, and the rights of the Participant with respect to any Shares remains fully contingent and subject to the vesting and other terms and conditions of this Award Agreement.

    
	  
	 	 (15)          	
      Any cash payment made pursuant to Section (B)(4) or (B)(5) of this Award Agreement shall be calculated, where necessary, by reference to the prevailing U.S. dollar exchange rate on the proposed payment date (as determined by the Committee in its sole discretion).

    
	  

	 (N)        	
      Acceptance of Award. By accepting this Award of RSUs, the Participant is agreeing to all of the terms contained in this Award Agreement, including the non-solicitation provision attached hereto as Exhibit A. The Participant may accept this Award by indicating acceptance by e-mail or such other electronic means as the Company may designate in writing or by signing this Award Agreement if the Company does not require acceptance by email or such other electronic means. If the Participant desires to refuse the Award, the Participant must notify the Company in writing. Such notification should be sent to CIT Group Inc., Attention: Senior Vice President, Compensation and Benefits, 1 CIT Drive, Livingston, New Jersey 07039, no later than thirty (30) days after the Date of Award. If the Participant declines the Award, it will be cancelled as of the Date of Award.

    

 IN WITNESS WHEREOF, this Award Agreement (including any exhibits attached hereto) has been executed by the Company by one of its duly authorized officers as of the Date of Award.

		
	  	
      CIT Group Inc.

    
	 	
	 	 Lisa D. Zonino
	 	 Executive Vice President
	 	 Human Resources

 ACCEPTED AND AGREED:

				
	  	

      
        

        Participant Name
      

    	  	
      
        

        Date
      
    

6

 EXHIBIT A

Non-Solicitation Provision

 All capitalized terms shall have the meanings ascribed to them in the Award Agreement, unless specifically set forth otherwise herein.

      1. Non-Solicitation of Customers and Clients. During employment with the Company Group and for one year thereafter, the Participant shall not, directly or indirectly, (i) solicit for any Competing Business any client of the Company Group or any specifically identified prospective client of the Company Group, or (ii) cause a client or any specifically identified prospective client of the Company Group to terminate or diminish its business with the Company Group. These restrictions shall apply only to clients of the Company Group or specifically identified prospective clients of the Company Group which the Participant solicited, with which the Participant maintained a business relationship for the Company Group, or about which the Participant obtained Confidential Information on behalf of the Company Group, in the last twenty-four (24) months of employment with the Company Group.

      2. Non-Solicitation of Employees. During employment with the Company Group and for one year thereafter, the Participant shall not, directly or indirectly, (i) solicit, recruit, induce or otherwise encourage any Company Group employees to end their employment with the Company Group or to engage in any Competing Business; or (ii) hire or retain as an independent consultant/contractor, on behalf of any Competing Business, any person who was employed with the Company Group within the preceding six months.

      3. Definitions.

           (a) “Competing Business” means any person or entity that competes with the Company Group in the sale, marketing, production, distribution, research or development of Competing Products in the same markets.

           (b) “Competing Products” means any product or service in existence or under development that competes

 with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

           (c) “Confidential Information” means information in print, audio, visual, digital, electronically-stored or any other form, which the Company Group has acquired and keeps confidential or that is not otherwise known publicly or to the Company Group’s competitors, which includes but is not limited to the Company Group’s trade secrets, business or marketing plans and strategies, prices and rates, financial data, personnel records, client lists and contact information, client accounts, profit margins, analyses, research and developments, know how, methodologies, designs, inventions, innovations, processes, security and proprietary technology.

7Exhibit 10.34  

  

 CIT Group Inc.

Long-Term Incentive Plan

Restricted Stock Unit Award Agreement

 Effective as of the “Date of Award” (as such term is defined in the “Award Summary” that was delivered to the Participant by the Company), this Award Agreement sets forth the grant of Restricted Stock Units (“RSUs”) by CIT Group Inc., a Delaware corporation (the “Company”), to the Participant named in the Award Summary, pursuant to the provisions of the Amended and Restated CIT Group Inc. Long-Term Incentive Plan (the “Plan”). This Award Agreement memorializes the terms and conditions as approved by the Compensation Committee of the Board (the “Committee”). All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.

 The parties hereto agree as follows:

	 (A)        	
Grant of RSUs. The Company hereby grants to the Participant the number of RSUs set forth in the Award Summary, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

        
	 
	 (B)           	
Vesting and Settlement of RSUs.

        
	  

	   	 (1)        	
      Subject to the Participant’s continued employment with the Company and/or its Affiliates (the “Company Group”) from the Date of Award until the applicable Vesting Date (as defined below) and compliance with, and subject to, the terms and conditions of this Award Agreement, one-third (33 1/3%) of the RSUs shall vest on each of the first, second and third anniversaries of the Date of Award (each anniversary, a “Vesting Date”).

    
	  
	 	 (2)           	
      Each vested RSU shall be settled through the delivery of one Share within thirty (30) days following the applicable Vesting Date (a “Settlement Date”), provided that any fractional Share shall vest and be settled on the last Vesting Date and Settlement Date, respectively.

    
	  
	 	 (3)           	
      The Shares delivered to the Participant on the applicable Settlement Date (or such date determined in accordance with Section (C) or (D)) shall not be subject to transfer restrictions and shall be fully paid, non-assessable and registered in the Participant’s name.

    
	  
	 	 (4)           	
      If, after the Date of Award and prior to the applicable Vesting Date, dividends with respect to Shares are declared or paid by the Company, the Participant shall be credited with, and entitled to receive, dividend equivalents in an amount, without interest, equal to the cumulative dividends declared or paid on a Share, if any, during such period multiplied by the number of unvested RSUs. Unless otherwise determined by the Committee, dividend equivalents paid in cash shall not be reinvested in Shares and shall remain uninvested. The dividend equivalents credited in respect of vested RSUs shall be paid in cash or Shares, as applicable, on the Settlement Date.

    
	 
	 	 (5)           	
      Except for Participants who are tax residents of Canada, in the sole discretion of the Committee and notwithstanding any other provision of this Award Agreement to the contrary, in lieu of the delivery of Shares, the RSUs and any dividend equivalents payable in Shares, may be settled through a payment in cash equal to the Fair Market Value of the applicable number of Shares, determined on the applicable Vesting Date or, in the case of settlement in accordance with Section (C)(1) or (D), the date of the Participant’s “Separation from Service” (within the meaning of the Committee’s established methodology for determining “Separation from Service” for purposes of Section 409A (as defined below)) or the date of Disability, as applicable. Settlement under this Section (B)(5) shall be made at the time specified under Sections (B)(2), (B)(4), (C)(1), (C)(2) or (D), as applicable.

    
	  

	 (C)        	
Separation from Service.

        
	  

	   	 (1)        	
      If, after the Date of Award and prior to an applicable
Settlement  Date,  the  Participant  incurs a Disability (as defined below) or a
Separation  from Service from the Company  Group due to death,  each RSU, to the
extent unvested, shall vest immediately and shall settle through the delivery of
one Share within thirty (30) days following the Participant’s Disability or
Separation from Service due to death. The Participant  shall also be entitled to
receive all credited and unpaid  dividend  equivalents  at the time the RSUs are
settled in accordance  with this Section  (C)(1).  “Disability”
shall  have  the  same  meaning  as  defined  in the  Company’s  applicable
long-term  disability  plan or policy last in effect prior to the first date the
Participant suffers from such Disability; provided, however, for a
Participant  that is a US  taxpayer  at any time during the period the RSUs vest
and become settled  hereunder and to the extent a  “Disability”  event
does not also  constitute a  “Disability”  as defined in Section 409A,
such  Disability  event shall not  constitute a Disability  for purposes of this
Section (C)(1).

    
	  

	   	 (2)        	
      If, after the Date of Award and prior to an applicable Settlement Date,
the Participant  incurs a Separation from Service due to the  Participant’s
Retirement  (as defined  below) or  initiated  by the Company and not  involving
circumstances that would otherwise  constitute a Non-RIF Termination (as defined
below),  and  conditioned  upon  the  Participant’s   compliance  with  the
obligations  referenced in Section (L)(2) below through the  applicable  Vesting
Dates and  Settlement  Dates,  the RSUs (and any  credited  and unpaid  dividend
equivalents),  to the extent unvested as of such Separation from Service,  shall
continue to vest and be settled on the  applicable  Vesting Date and  Settlement
Date in accordance with Sections (B)(1) and (B)(2) above,  unless such continued
vesting  and  settlement  of  RSUs  (and  dividend  equivalents)  following  the
Participant’s   Separation   from  Service  is  prohibited  or  limited  by
applicable law and/or  regulation.  “Retirement”  is defined as
either (i) the Participant’s election to retire upon or after attaining his
or her “Normal Retirement Age”;  or (ii) the Participant’s
election to retire upon (A)  completing  at least a 10-year  “Period  of
Benefit  Service”  and (B) having  either (1)  attained  age 55, or (2)
incurred  an  “Eligible  Termination”  and, at the time of such
“Eligible  Termination,”  having  attained  age 54.  The  terms
“Normal    Retirement   Age,”    “Period   of   Benefit
Service”  and  “Eligible  Termination”  shall have the
meaning as defined in the CIT Group Inc.  Retirement Plan,  effective January 1,
2007, as amended from time to time (the “Retirement  Plan”).  A
“Non-RIF  Termination”  shall have the meaning attributed to it
in the Company’s Employee Severance Plan, as amended from time to time (the
“Employee  Severance  Plan”).  The  definitions  of Retirement,
Normal  Retirement  Age,  Period of Benefit  Service,  Eligible  Termination and
Non-RIF  Termination  are applicable  irrespective of whether the Participant is
eligible to  participate in the  Retirement  Plan and/or the Employee  Severance
Plan.

    
	  
	 	 (3)           	
      If, prior to an applicable Vesting Date, the Participant’s employment with the Company Group terminates for any reason other than as set forth in Section (C)(1), (C)(2) or (D), the unvested RSUs shall be cancelled immediately and the Participant shall immediately forfeit any rights to, and shall not be entitled to receive any payments with respect to, the RSUs including, without limitation, dividend equivalents pursuant to Section (B)(4).

    
	 

	 (D)        	
Change  of Control.  Notwithstanding any provision
contained in the Plan or this Award  Agreement to the contrary,  if, prior to an
applicable  Settlement  Date, a Change of Control occurs and within two years of
such Change of Control the  Participant  incurs a  Separation  from  Service (i)
initiated by the Company and not involving  circumstances  that would  otherwise
constitute  a Non-RIF  Termination  or (ii)  initiated  by the  Participant  for
“Good  Reason”  (as defined  below),  the RSUs (and any  credited  and
unpaid  dividend  equivalents),  to the  extent  unvested,  shall vest upon such
Separation  from Service and be settled  within thirty (30) days  following such
Separation from Service,  unless such accelerated vesting and settlement of RSUs
(and dividend  equivalents)  following the  Participant’s  Separation  from
Service  is  prohibited  or  limited  by  applicable   law  and/or   regulation.
“Good  Reason”   shall  mean,  without  the  Participant’s
consent,  a material  diminution of the  Participant’s  (x) base salary and
incentive  compensation  opportunity  (except  in the  event  of a  compensation
reduction  applicable to the  Participant and other employees of comparable rank
and/or status) or (y) duties and responsibilities  (except a temporary reduction
while the Participant is physically or mentally  incapacitated or a modification
in the duties and/or  responsibilities of the Participant and other employees of
comparable rank and/or status following a Control of Control),  provided, that a
Separation  from  Service  for  Good  Reason  shall  not  occur  unless  (A) the
Participant  has provided the Company  written  notice  specifying in detail the
alleged  condition of Good Reason within  thirty (30) days of the  occurrence of
such condition; (B) the Company has failed to cure such alleged condition within
ninety (90) days following the  Company’s  receipt of such written  notice;
and (C) if the Committee (or its designee) has  determined  that the Company has
failed to cure such alleged  condition,  the Participant  initiates a Separation
from  Service  within  five  (5)  days  following  the end of such  90-day  cure
period.

    
	  
	 (E)           	
      Transferability. The RSUs are not transferable other than by last will and testament, by the laws of descent and distribution pursuant to a domestic relations order, or as otherwise permitted under Section 12 of the Plan.

    
	  
	 (F)           	
      Incorporation of Plan. The Plan provides a complete description of the terms and conditions governing all Awards granted thereunder and is incorporated into this Award Agreement by reference unless specifically stated herein. This Award Agreement and the rights of the Participant hereunder are subject to the terms and conditions of the Plan, as amended from time to time, and to such rules and regulations as the Committee may adopt under the Plan. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement.

    
	  
	 (G)           	
      No Entitlements.

    
	  

	   	 (1)        	
      The Plan or the Award Agreement does not confer on the Participant
any right or entitlement to receive compensation, including, without limitation,
any base salary or incentive compensation, in any specific amount for any future
fiscal year (including,  without  limitation,  any grants of future Awards under
the Plan) and do not impact in any way the Company Group’s determination of
the  amount,  if  any,  of  the  Participant’s  base  salary  or  incentive
compensation.  This Award of RSUs made under this Award  Agreement is completely
independent of any other Awards or grants and is made at the sole  discretion of
the Company.  The RSUs do not constitute salary,  wages,  regular  compensation,
recurrent compensation, pensionable compensation or contractual compensation for
the year of grant or any prior or later years and shall not be included  in, nor
have any effect on or be deemed earned in any respect,  in  connection  with the
determination of employment-related rights or benefits under law or any employee
benefit plan or similar  arrangement  provided by the Company Group  (including,
without limitation,  severance, termination of employment and pension benefits),
unless  otherwise  specifically  provided  for  under  the terms of such plan or
arrangement or by the Company Group. The benefits  provided pursuant to the RSUs
are in no way secured, guaranteed or warranted by the Company Group.

    

2

	   	 (2)        	
      The RSUs are awarded to the Participant by virtue of the Participant’s employment with, and services performed for, the Company Group. The Plan or the Award Agreement does not constitute an employment agreement. Nothing in the Plan or the Award Agreement shall modify the terms of the Participant’s employment, including, without limitation, the Participant’s status as an “at will” employee of the Company Group, if applicable.

    
	  
	 	 (3)           	
      Subject to any applicable employment agreement, the Company
reserves the right to change the terms and conditions of the  Participant’s
employment,  including  the  division,  subsidiary  or  department  in which the
Participant is employed.  None of the Plan or the Award Agreement,  the grant of
RSUs,  nor any action  taken or omitted to be taken  under the Plan or the Award
Agreement shall be deemed to create or confer on the Participant any right to be
retained in the employ of the Company Group, or to interfere with or to limit in
any way the  right of the  Company  Group to  terminate  the  Participant’s
employment at any time.  Moreover,  the Separation  from Service  provisions set
forth in Section (C) or (D), as  applicable,  only apply to the treatment of the
RSUs  in  the  specified  circumstances  and  shall  not  otherwise  affect  the
Participant’s  employment relationship.  By accepting this Award Agreement,
the  Participant  waives  any and all  rights  to  compensation  or  damages  in
consequence of the  termination of the  Participant’s  office or employment
for any reason  whatsoever to the extent such rights arise or may arise from the
Participant’s  ceasing to have  rights  under,  or be  entitled  to receive
payment in respect of, any  unvested  RSUs that are  cancelled or forfeited as a
result  of such  termination,  or from the loss or  diminution  in value of such
rights or entitlements, including by reason of the operation of the terms of the
Plan,  this Award Agreement or the provisions of any statute or law to taxation.
This  waiver  applies  whether  or not such  termination  amounts  to a wrongful
discharge or unfair dismissal.

    
	  

	 (H)        	
No Rights as a Stockholder. The Participant will have no rights as a stockholder with respect to Shares covered by this Award Agreement (including voting rights) until the date the Participant or his nominee becomes the holder of record of such Shares on an applicable Settlement Date or as provided in Section (C) or (D), if applicable.

        
	  
	 (I)           	
Securities Representation. The grant of the RSUs and issuance of Shares upon vesting of the RSUs shall be subject to, and in compliance with, all applicable requirements of federal, state or foreign securities law. No Shares may be issued hereunder if the issuance of such Shares would constitute a violation of any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Shares may then be listed. As a condition to the settlement of the RSUs, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation.

        
	  
	 	
The Shares are being issued to the Participant and this Award Agreement is being made by the Company in reliance upon the following express representations and warranties of the Participant. The Participant acknowledges, represents and warrants that:

        
	  

	   	 (1)        	
      He or she has been advised that he or she may be an “affiliate” within the meaning of Rule 144 under the Securities Act of 1933, as amended (the “Act”) and in this connection the Company is relying in part on his or her representations set forth in this section (I)(1); and

    
	  
	 	 (2)           	
      If he or she is deemed an affiliate within the meaning of Rule 144 of the Act, the Shares must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such Shares and the Company is under no obligation to register the Shares (or to file a “re-offer prospectus”).

    
	  
	 	 (3)           	
      If he or she is deemed an affiliate within the meaning of Rule 144 of the Act, he or she understands that the exemption from registration under Rule 144 will not be available unless (i) a public trading market then exists for the Shares of the Company, (ii) adequate information concerning the Company is then available to the public, and (iii) other terms and conditions of Rule 144 or any exemption therefrom are complied with; and that any sale of the Shares may be made only in limited amounts in accordance with such terms and conditions.

    
	 

	 (J)        	
      Notices. Any notice or communication given hereunder shall be in writing and shall be deemed to have been duly given when delivered in person or mailed by certified mail, postage and fees prepaid, or internationally recognized express mail service, as follows:

    

	     	         	
      If to the Company, to:

CIT Group Inc.

1 CIT Drive

Livingston, New Jersey 07039

Attention: Senior Vice President, Compensation and Benefits

If to the Participant, to the address on file with the Company Group.

    

	 (K)        	
      Transfer of Personal Data. In order to facilitate the administration of this Award, it will be necessary for the Company Group to collect, hold, and process certain personal information about the Participant. As a condition of accepting this Award, the Participant authorizes, agrees and unambiguously consents to the Company Group collecting, using, disclosing, holding and

    

3

	  	processing personal data and transferring such data to
third parties  (collectively,  the “Data  Recipients”)  for the
primary  purpose of the  Participant’s  participation  in, and the  general
administration  of, the Plan and to the transmission by the Company Group of any
personal  data  information  related  to  the  RSUs  awarded  under  this  Award
Agreement,  as required in connection with the Participant’s  participation
in the Plan (including,  without limitation, the administration of the Plan) out
of the Participant’s home country and including to countries with less data
protection  than the data  protection  provided by the  Participant’s  home
country. This authorization and consent is freely given by the Participant.  The
Participant  acknowledges  that he/she has been informed that upon request,  the
Company will provide the name or title and contact information for an officer or
employee  of the  Company  Group  who is  able to  answer  questions  about  the
collection, use and disclosure of personal data information.
	 	 	 
	    	 (1)        	
      The Data Recipients will treat the Participant’s personal data as private and confidential and will not disclose such data for purposes other than the management and administration of this Award and will take reasonable measures to keep the Participant’s personal data private, confidential, accurate and current.

    
	  
	 	 (2)           	
      Where the transfer is to a destination outside the country to which the Participant is employed, or outside the European Economic Area for Participants employed by the Company Group in the United Kingdom or Ireland, the Company shall take reasonable steps to ensure that the Participant’s personal data continues to be adequately protected and securely held. By accepting this Award, the Participant acknowledges that personal information about the Participant may be transferred to a country that does not offer the same level of data protection as the country in which the Participant is employed.

    
	   

	 (L)        	
Cancellation; Related Matters.

        
	   

	   	 (1)        	
      In the event of a material restatement of the Company’s financial statements, the Committee (or its designee) shall review those facts and circumstances underlying the restatement that the Committee (or its designee) determines in its sole discretion as relevant (which may include, without limitation, the Participant’s status and responsibility within the organization, any potential wrongdoing by the Participant and whether the restatement was the result of negligence, intentional or gross misconduct or other conduct detrimental to the Company insofar as it caused material financial or reputational harm to the Company or its business activities), and the Committee (or its designee), in its sole discretion, may direct the Company to cancel any then unvested RSUs, and the Participant shall forfeit any rights to such unvested and cancelled RSUs.

    
	 
	 	 (2)           	
      In the event that the Committee (or its designee), in its sole discretion, determines at any time that the Participant has breached (i) any provisions relating to non-competition, non-solicitation, confidential information or inventions or proprietary property in any employment agreement or other agreement in effect between the Participant and the Company or an Affiliate or (ii) the provisions of Exhibit A during the Participant’s employment or the one year period following the Participant’s Separation from Service from the Company Group, then the Committee (or its designee), in its sole discretion, may direct the Company to cancel any then unvested RSUs, and the Participant shall forfeit any rights to such unvested and cancelled RSUs.

    
	 

	  	 (3)        	
      In the event the Committee (or its designee), in its sole discretion,
determines  at any time that the  Participant  has engaged in  “Detrimental
Conduct”  (as  defined  below)  during the  Participant’s  employment,
including  if  such  determination  is  made  following  the  Participant’s
termination  of employment,  then the Committee (or its  designee),  in its sole
discretion,  may direct the Company to cancel any then  unvested  RSUs,  and the
Participant  shall  forfeit  any rights to such  unvested  and  cancelled  RSUs.
“Detrimental  Conduct”  shall  mean: (i) any conduct that would
constitute “cause”  under the Participant’s  employment agreement
or similar  agreement  with the  Company or its  Affiliates,  if any,  or if the
Participant’s   employment  has  terminated  and  the  Committee  discovers
thereafter that the Participant’s employment could have been terminated for
“cause”  or  as  a  Non-RIF  Termination;  (ii)  the  commission  of a
misdemeanor   involving  moral  turpitude  or  a  felony;   (iii)  fraud,  gross
negligence,  malfeasance  or any act or  failure  to act that has  caused or may
reasonably be expected to cause material  injury to the Company Group; or (iv) a
violation  of any  federal or state  securities  or banking  laws,  any rules or
regulations  issued  pursuant to such laws, or the rules and  regulations of any
securities  or  exchange  or  association  of which  the  Company  or one of its
Affiliates is a member.

    
	  

	   	 (4)        	
      Notwithstanding anything contained in the Plan or this Award Agreement to the contrary, to the extent that the Company is required by law to include any additional recoupment, recovery or forfeiture provisions to outstanding Awards, then such additional provisions shall also apply to this Award Agreement as if they had been included as of the Date of Award and in the manner determined by the Committee in its sole discretion.

    
	  
	 	 (5)           	
      The remedies provided for in this Award Agreement shall be cumulative and not exclusive, and the Participant agrees and acknowledges that the enforcement by the Company of its rights hereunder shall not in any manner impair, restrict or limit the right of the Company to seek injunctive and other equitable or legal relief under applicable law or the terms of any other agreement between the Company and the Participant.

    
	 

	 (M)        	
      Miscellaneous.

    

4

	   	 (1)        	
      It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Award Agreement, all of which shall be binding upon the Participant.

    
	 
	 	 (2)           	
      The Board may at any time, or from time to time, terminate, amend, modify or suspend the Plan, and the Board or the Committee may amend or modify this Award Agreement at any time; provided, however, that, except as provided herein, no termination, amendment, modification or suspension shall materially and adversely alter or impair the rights of the Participant under this Award Agreement, without the Participant’s written consent.

    
	 
	 	 (3)           	
      This Award Agreement is intended to comply with, or be exempt
from,  Section 409A of the Code and the  regulations  and  guidance  promulgated
thereunder  (“Section  409A”),  and accordingly, to the maximum
extent permitted, this Award Agreement shall be interpreted in a manner intended
to be in compliance therewith. In no event whatsoever shall the Company Group be
liable for any  additional  tax,  interest or penalty that may be imposed on the
Participant  by Section  409A or any damages for failing to comply with  Section
409A. If any  provision of the Plan or the Award  Agreement  would,  in the sole
discretion of the  Committee,  result or likely result in the  imposition on the
Participant,  a beneficiary or any other person of additional taxes or a penalty
tax under  Section  409A,  the Committee may modify the terms of the Plan or the
Award  Agreement,  without the consent of the  Participant,  beneficiary or such
other person,  in the manner that the  Committee,  in its sole  discretion,  may
determine to be necessary or advisable to avoid the  imposition  of such penalty
tax.  Notwithstanding  anything  to the  contrary  in  the  Plan  or  the  Award
Agreement,   to  the  extent  that  the  Participant  is  a   “Specified
Employee”  (within  the  meaning  of the  Committee’s  established
methodology for determining “Specified Employees”  for purposes
of Section  409A),  payment or  distribution  of any amounts with respect to the
RSUs  that are  subject  to  Section  409A  will be made as soon as  practicable
following  the  first   business  day  of  the  seventh   month   following  the
Participant’s  Separation  from  Service  from the  Company  Group  or,  if
earlier, the date of the Participant’s death.

    
	  

	    	(4)	Delivery of the Shares underlying the RSUs or payment in cash (if permitted pursuant to
Section  (B)(5)) upon  settlement is subject to the  Participant  satisfying all
applicable federal,  state,  provincial,  local,  domestic and foreign taxes and
other   statutory    obligations    (including,    without    limitation,    the
Participant’s  FICA obligation,  National Insurance Contributions or Canada
Pension Plan contributions, as applicable),  provided, that any Participant that
is subject to tax  regulation  in the  United  Kingdom or Ireland  shall also be
subject to the  provisions of Exhibit B attached  hereto,  if applicable.
The Company  shall have the power and the right to (i) deduct or  withhold  from
all amounts  payable to the  Participant  pursuant to the RSUs or otherwise,  or
(ii) require the  Participant to remit to the Company,  an amount  sufficient to
satisfy any applicable  taxes required by law. The Company may permit or require
the  Participant  to  satisfy,  in  whole  or in part,  the tax  obligations  by
withholding  Shares that would  otherwise  be received  upon  settlement  of the
RSUs.
	 	 	 
	 	 (5)           	
      The Company may at any time place legends referencing any applicable federal, state or foreign securities law restrictions on all certificates representing Shares issued pursuant to this Award Agreement. The Participant shall, at the request of the Company, promptly present to the Company any and all certificates representing Shares acquired pursuant to this Award Agreement in the possession of the Participant.

    
	 
	 	 (6)           	
      This Award Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required, or the Committee determines are advisable. The Participant agrees to take all steps the Company determines are necessary to comply with all applicable provisions of federal, state and foreign securities law in exercising his or her rights under this Award Agreement.

    
	  

	   	 (7)        	
      Nothing in the Plan or this Agreement should be construed as providing the Participant with financial, tax, legal or other advice with respect to the RSUs. The Company recommends that the Participant consult with his or her financial, tax, legal and other advisors to provide advice in connection with the RSUs.

    
	 
	 	 (8)           	
      All obligations of the Company under the Plan and this Award Agreement, with respect to the Awards, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

    
	 
	 	 (9)           	
      To the extent not preempted by federal law, this Award Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware.

    
	 

	   	 (10)       	
      This Award Agreement may be executed in one or more counterparts, all of which taken together shall constitute one contract.

    
	  
	 	 (11)          	
      The Participant agrees that the Company may, to the extent permitted by applicable law and as provided for in Section 17(d) of the Plan, retain for itself securities or funds otherwise payable to the Participant pursuant to this Award Agreement to satisfy any obligation or debt that the Participant owes the Company or its affiliates; provided that the Company may not retain such funds or securities and set off such obligations or liabilities until such time as

    

5

	  	 	
      they would otherwise be distributable to the Participant, and to the extent that Section 409A is applicable, such offset shall not exceed the maximum offset then permitted under Section 409A.

    
	  
	 	 (12)          	
      The Participant acknowledges that if he or she moves to another country during the term of this Award Agreement, additional terms and conditions may apply and as provided for in Section 17(f) of the Plan and the Company reserves the right to impose other requirements to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Award Agreement. The Participant agrees to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing.

    
	  
	 	 (13)          	
      The Participant acknowledges that his or her participation in the Plan as a result of this Award Agreement is further good and valuable consideration for the Participant’s obligations under any non-competition, non-solicitation, confidentiality or similar agreement between the Participant and the Company.

    
	 
	 	 (14)          	
      Neither this Award Agreement or the Shares that may be awarded hereunder represent any right to the payment of earned wages, and the rights of the Participant with respect to any Shares remains fully contingent and subject to the vesting and other terms and conditions of this Award Agreement.

    
	  
	 	 (15)          	
      Any cash payment made pursuant to Section (B)(4) or (B)(5) of this Award Agreement shall be calculated, where necessary, by reference to the prevailing U.S. dollar exchange rate on the proposed payment date (as determined by the Committee in its sole discretion).

    
	  

	 (N)        	
      Acceptance of Award. By accepting this Award of RSUs, the Participant is agreeing to all of the terms contained in this Award Agreement, including the non-solicitation provision attached hereto as Exhibit A and tax provisions attached hereto as Exhibit B (if applicable). The Participant may accept this Award by indicating acceptance by e-mail or such other electronic means as the Company may designate in writing or by signing this Award Agreement if the Company does not require acceptance by email or such other electronic means. If the Participant desires to refuse the Award, the Participant must notify the Company in writing. Such notification should be sent to CIT Group Inc., Attention: Senior Vice President, Compensation and Benefits, 1 CIT Drive, Livingston, New Jersey 07039, no later than thirty (30) days after the Date of Award. If the Participant declines the Award, it will be cancelled as of the Date of Award.

    

 IN WITNESS WHEREOF, this Award Agreement (including any exhibits attached hereto) has been executed by the Company by one of its duly authorized officers as of the Date of Award.

		
	  	
      CIT Group Inc.

    
	 	
	 	 Lisa D. Zonino
	 	 Executive Vice President
	 	 Human Resources

 ACCEPTED AND AGREED:

				
	  	
      

      Participant Name	  	
      

      Date

6

 EXHIBIT A

Non-Solicitation Provision

 All capitalized terms shall have the meanings ascribed to them in the Award Agreement, unless specifically set forth otherwise herein.

      1. Non-Solicitation of Customers and Clients. During employment with the Company Group and for one year thereafter, the Participant shall not, directly or indirectly, (i) solicit for any Competing Business any client of the Company Group or any specifically identified prospective client of the Company Group, or (ii) cause a client or any specifically identified prospective client of the Company Group to terminate or diminish its business with the Company Group. These restrictions shall apply only to clients of the Company Group or specifically identified prospective clients of the Company Group which the Participant solicited, with which the Participant maintained a business relationship for the Company Group, or about which the Participant obtained Confidential Information on behalf of the Company Group, in the last twenty-four (24) months of employment with the Company Group.

      2. Non-Solicitation of Employees. During employment with the Company Group and for one year thereafter, the Participant shall not, directly or indirectly, (i) solicit, recruit, induce or otherwise encourage any Company Group employees to end their employment with the Company Group or to engage in any Competing Business; or (ii) hire or retain as an independent consultant/contractor, on behalf of any Competing Business, any person who was employed with the Company Group within the preceding six months.

      3. Definitions.

           (a) “Competing Business” means any person or entity that competes with the Company Group in the sale, marketing, production, distribution, research or development of Competing Products in the same markets.

           (b) “Competing Products” means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

          (c) "Confidential Information" means information in print, audio, visual, digital, electronically-stored or any other form, which the Company Group has acquired and keeps confidential or that is not otherwise known publicly or to the Company Group’s competitors, which includes but is not limited to the Company Group’s trade secrets, business or marketing plans and strategies, prices and rates, financial data, personnel records, client lists and contact information, client accounts, profit margins, analyses, research and developments, know how, methodologies, designs, inventions, innovations, processes, security and proprietary technology. 

7

 EXHIBIT B

 Applicable Foreign Tax Provisions

 All capitalized terms shall have the meanings ascribed to them in the Award Agreement, unless specifically set forth otherwise herein.

 United Kingdom:

 The Participant shall also, if requested by the Company, enter into any tax election the Company deems necessary, including, without limitation, any election under Section 431 of the Income Tax (Earnings and Pensions) Act 2003 in respect of the acquisition of the RSUs or the Shares issued thereunder.

 Ireland:

 In a case where the Company or an Affiliate or any other person (the “Relevant Person”) is obliged to (or would suffer a disadvantage if they were not to) account for any tax (in any jurisdiction) by virtue of the receipt of any benefit under this Award Agreement or the Plan (whether in cash or Shares) or for any pay related social insurance contributions that are payable or assessable (which, unless the Committee determines otherwise when this Award was made, shall not include employer’s pay related social insurance contributions in Ireland) (together, the “Tax Liability”), the Participant (or his personal representatives) must either:

      (1) make a payment to the Relevant Person of an amount equal to the Tax Liability; or

      (2) enter into arrangements acceptable to the Relevant Person to secure that such a payment is made (whether by authorizing the sale of some or all of the Shares on his or her behalf and the payment to the Relevant Person of the relevant amount out of the proceeds of sale or otherwise);

 and in this regard the Participant (or his or her personal representatives) shall do all such things and execute such documents as the Relevant Person may reasonably require in connection with the satisfaction of the Tax Liability.

8

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