Document:

EX-10.43

 

EXHIBIT 10.43

THE GOLDMAN SACHS AMENDED AND RESTATED

STOCK INCENTIVE PLAN

ONE-TIME RSU AWARD

     This Award Agreement sets forth the terms and conditions of this special one-time award (this
“Award”) of restricted stock units (“One-time RSUs”) granted to you under The Goldman Sachs Amended
and Restated Stock Incentive Plan (the “Plan”).

     1. The Plan. This Award is made pursuant to the Plan, the terms of which are
incorporated in this Award Agreement. Capitalized terms used in this Award Agreement that are not
defined in this Award Agreement have the meanings as used or defined in the Plan. References in
this Award Agreement to any specific Plan provision shall not be construed as limiting the
applicability of any other Plan provision.

     2. Award. The number of One-time RSUs subject to this Award is set forth in the Award
Statement delivered to you. An RSU is an unfunded and unsecured promise to deliver (or cause to be
delivered) to you, subject to the terms and conditions of this Award Agreement, a share of Common
Stock (a “Share”) on the Delivery Date or as otherwise provided herein. Until such delivery, you
have only the rights of a general unsecured creditor, and no rights as a shareholder of GS Inc.
This Award is conditioned on your executing the related signature card and returning it to the
address designated on the signature card and/or by the method designated on the signature card by
the date specified, and is subject to all terms, conditions and provisions of the Plan and this
Award Agreement, including, without limitation, the arbitration and choice of forum provisions set
forth in Paragraph 12. By executing the related signature card (which, among other
things, opens the custody account referred to in paragraph 3(b) if you have not done so
already), you will have confirmed your acceptance of all of the terms and conditions of this Award
Agreement.

     3. Vesting and Delivery.

          (a) Vesting. Except as provided in this Paragraph 3 and in Paragraphs 4, 6, 7, 9, 10
and 15, on each Vesting Date you shall become Vested in the number or percentage of One-time RSUs
specified next to such Vesting Date on the Award Statement (which may be rounded to avoid
fractional Shares). While continued active Employment is not required in order to receive delivery
of the Shares underlying your Outstanding One-time RSUs that are or become Vested, all other terms
and conditions of this Award Agreement shall continue to apply to such Vested One-time RSUs, and
failure to meet such terms and conditions may result in the termination of this Award (as a result
of which no Shares underlying such Vested One-time RSUs would be delivered).

          (b) Delivery.

               (i) The Delivery Date with respect to this Award shall be each date specified as such on your
Award Statement, if that date is during a Window Period or, if that date is not during a Window
Period, the first Trading Day of the first Window Period beginning after such date. For this
purpose, a “Trading Day” is a day on which Shares trade regular way on the New York Stock Exchange.

               (ii) Except as provided in this Paragraph 3 and in Paragraphs 4, 6, 7, 9, 10 and 15, in
accordance with Section 3.23 of the Plan, reasonably promptly (but in no case more than thirty (30)
Business Days) after the relevant date specified as the Delivery Date (or any other date delivery
of Shares is called for hereunder), Shares underlying the number or percentage of your then
Outstanding One-time RSUs with respect to which that Delivery Date (or other date) has occurred
(which number of Shares may be rounded to avoid fractional Shares) shall be delivered by book entry
credit to your Custody Account or to a brokerage

 

 

account approved by the Firm. Notwithstanding the foregoing, if you are or become considered
by GS Inc. to be one of its “covered employees” within the meaning of Section 162(m) of the Code,
then you shall be subject to Section 3.21.3 of the Plan, as a result of which delivery of your
Shares may be delayed.

               (iii) In accordance with Section 1.3.2(i) of the Plan, in the discretion of the
Committee, in lieu of all or any portion of the Shares otherwise deliverable in respect of all or
any portion of your One-time RSUs, the Firm may deliver cash, other securities, other Awards or
other property, and all references in this Award Agreement to deliveries of Shares shall include
such deliveries of cash, other securities, other Awards or other property.

          (c) Death. Notwithstanding any other Paragraph of this Award Agreement, if you die
prior to the Delivery Date, the Shares underlying your then Outstanding One-time RSUs shall be
delivered to the representative of your estate as soon as practicable after the date of death and
after such documentation as may be requested by the Committee is provided to the Committee. The
Committee may adopt procedures pursuant to which you may be permitted to specifically bequeath some
or all of your Outstanding One-time RSUs under your will to an organization described in Sections
501(c)(3) and 2055(a) of the Code (or such other similar charitable organization as may be approved
by the Committee).

     4. Termination of One-time RSUs and Non-Delivery of Shares.

          (a) Unless the Committee determines otherwise, and except as provided in Paragraphs 3(c), 6, 7, and 9, if your Employment
terminates for any reason or you otherwise are no longer actively employed with the Firm, your rights in respect of your One-time RSUs that were Outstanding but that had not
yet become Vested immediately prior to your termination of Employment immediately shall terminate, such One-time RSUs shall cease to be Outstanding and no Shares shall be
delivered in respect thereof.

          (b) Unless the Committee determines otherwise, and except as provided in Paragraphs 6 and 7,
your rights in respect of all of your Outstanding One-time RSUs (whether or not Vested) shall
immediately terminate, such One-time RSUs shall cease to be Outstanding and no Shares shall be
delivered in respect thereof if:

               (i) you attempt to have any dispute under the Plan or this Award Agreement resolved in any
manner that is not provided for by Paragraph 12 or Section 3.17 of the Plan;

               (ii) any event that constitutes Cause has occurred;

               (iii) (A) you, in any manner, directly or indirectly, (1) Solicit any Client to transact
business with a Competitive Enterprise or to reduce or refrain from doing any business with the
Firm, (2) interfere with or damage (or attempt to interfere with or damage) any relationship
between the Firm and any Client, (3) Solicit any person who is an employee of the Firm to resign
from the Firm or to apply for or accept employment with any Competitive Enterprise or (4) on behalf
of yourself or any person or Competitive Enterprise hire, or participate in the hiring of, any
Selected Firm Personnel or identify, or participate in the identification of, Selected Firm
Personnel for potential hiring, whether as an employee or consultant or otherwise, or (B) Selected
Firm Personnel are Solicited, hired or accepted into partnership, membership or similar status (1)
by a Competitive Enterprise that you form, that bears your name, in which you are a partner, member
or have similar status, or in which you possess or control greater than a de minimis equity
ownership, voting or profit participation or (2) by any Competitive Enterprise where you have, or
are intended to have, direct or indirect managerial or supervisory responsibility for such Selected
Firm Personnel;

               (iv) you fail to certify to GS Inc., in accordance with procedures established by the
Committee, that you have complied, or the Committee determines that you in fact have failed to
comply, with all the terms and conditions of the Plan and this Award Agreement. By accepting the
delivery of Shares

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under this Award Agreement, you shall be deemed to have represented and certified at such time
that you have complied with all the terms and conditions of the Plan and this Award Agreement;

               (v) the Committee determines that you failed to meet, in any respect, any obligation you may
have under any agreement between you and the Firm, or any agreement entered into in connection with
your Employment with the Firm, including, without limitation, any offer letter, employment
agreement or any shareholders’ agreement to which other similarly situated employees of the Firm
are a party; or

               (vi) as a result of any action brought by you, it is determined that any of the terms or
conditions for delivery of Shares in respect of this Award Agreement are invalid.

For purposes of the foregoing, the term “Selected Firm Personnel” means: (i) any Firm employee or
consultant (A) with whom you personally worked while employed by the Firm, or (B) who at any time
during the year immediately preceding your termination of Employment with the Firm, worked in the
same division in which you worked; and (ii) any Managing Director of the Firm.

     5. Repayment. The provisions of Section 2.6.3 of the Plan (which requires Award
recipients to repay to the Firm amounts delivered to them if the Committee determines that all
terms and conditions of this Award Agreement in respect of such delivery were not satisfied) shall
apply to this Award.

6. Extended Absence, Retirement and Downsizing. 

          (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph
6(b), in the event of the termination of your Employment (determined as described in Section 1.2.19
of the Plan) by reason of Extended Absence or Retirement, the condition set forth in Paragraph 4(a)
shall be waived with respect to any One-time RSUs that were Outstanding but that had not yet become
Vested immediately prior to such termination of Employment (as a result of which such One-time RSUs
shall become Vested), but all other conditions of this Award Agreement shall continue to apply.

          (b) Without limiting the application of Paragraph 4(b), your rights in respect of your
Outstanding One-time RSUs that become Vested in accordance with Paragraph 6(a) immediately shall
terminate, such Outstanding One-time RSUs shall cease to be Outstanding, and no Shares shall be
delivered in respect thereof if, prior to the original Vesting Date with respect to such One-time
RSUs, you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation
interest in, any Competitive Enterprise, or (ii) associate in any capacity (including, but not
limited to, association as an officer, employee, partner, director, consultant, agent or advisor)
with any Competitive Enterprise. Notwithstanding the foregoing, unless otherwise determined by the
Committee in its discretion, this Paragraph 6(b) will not apply if your termination of Employment
by reason of Extended Absence or Retirement is characterized by the Firm as “involuntary” or by
“mutual agreement” other than for Cause and if you execute such a general waiver and release of
claims and an agreement to pay any associated tax liability, both as may be prescribed by the Firm
or its designee. No termination of Employment initiated by you, including any termination claimed
to be a “constructive termination” or the like or a termination for good reason, will constitute an
“involuntary” termination of Employment or a termination of Employment by “mutual agreement.”

          (c) Notwithstanding any other provision of this Award Agreement and subject to your executing
such general waiver and release of claims and an agreement to pay any associated tax liability,
both as may be prescribed by the Firm or its designee, if your Employment is terminated without
Cause solely by reason of a “downsizing,” the condition set forth in Paragraph 4(a) shall be waived
with respect to your One-time RSUs that were Outstanding but that had not yet become Vested
immediately prior to such termination of Employment (as a result of which such One-time RSUs shall
become Vested), but all other conditions of this Award Agreement shall continue to apply. Whether
or not your Employment is terminated solely by reason of a “downsizing” shall be determined by the
Firm in its sole discretion. No termination of Employment initiated by

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you, including any termination claimed to be a “constructive termination” or the like or a
termination for good reason, will be solely by reason of a “downsizing.”

     7. Change in Control. Notwithstanding anything to the contrary in this Award
Agreement, in the event a Change in Control shall occur and within 18 months thereafter the Firm
terminates your Employment without Cause or you terminate your Employment for Good Reason, all
Shares underlying your then Outstanding One-time RSUs, whether or not Vested, shall be delivered.

     8. Dividend Equivalent Rights. Each One-time RSU shall include a Dividend Equivalent
Right. Accordingly, with respect to each of your Outstanding One-time RSUs, at or after the time
of distribution of any regular cash dividend paid by GS Inc. in respect of a Share the record date
for which occurs on or after the Date of Grant, you shall be entitled to receive an amount (less
applicable withholding) equal to such regular dividend payment as would have been made in respect
of the Share underlying such Outstanding One-time RSU. Payment in respect of a Dividend Equivalent
Right shall be made only with respect to One-time RSUs that are Outstanding on the payment date.
Each Dividend Equivalent Right shall be subject to the provisions of Section 2.8.2 of the Plan.

     9. Certain Additional Terms, Conditions and Agreements.

          (a) The delivery of Shares is conditioned on your satisfaction of any applicable withholding
taxes in accordance with Section 3.2 of the Plan. In addition, if you are an individual with
separate employment contracts (at any time during and/or after the Firm’s 2006 fiscal year), the
Firm may, in its sole discretion, require that that you provide amounts for a reserve in connection
with which the Firm may execute a sale for such number of Shares that may be deliverable in respect
of your One-time RSUs (or any other Outstanding Awards under the Plan) as the Firm determines is
advisable or necessary in connection with any actual, anticipated or potential tax consequences
related to your separate employment contracts.

          (b) If you are or become a Managing Director, your rights in respect of the One-time RSUs are
conditioned on your becoming a party to any shareholders’ agreement to which other similarly
situated employees of the Firm are a party.

          (c) Your rights in respect of your One-time RSUs are conditioned on the receipt to the full
satisfaction of the Committee of any required consents (as described in Section 3.3 of the Plan)
that the Committee may determine to be necessary or advisable.

          (d) You understand and agree, in accordance with Section 3.3 of the Plan, by accepting this
Award, you have expressly consented to all of the items listed in Section 3.3.3(d) of the Plan,
which are incorporated herein by reference.

          (e) You understand and agree, in accordance with Section 3.22 of the Plan, by accepting this
Award you have agreed to be subject to the Firm’s policies in effect from time to time concerning
trading in Shares and hedging or pledging Shares and equity-based compensation or other awards
(including, without limitation, the Firm’s “Policies With Respect to Transactions Involving GS
Shares, Equity Awards and GS Options by Persons Affiliated with GS Inc.”), and confidential or
proprietary information, and to effect sales of Shares delivered to you in respect of your One-time
RSUs in accordance with such rules and procedures as may be adopted from time to time with respect
to sales of such Shares (which may include, without limitation, restrictions relating to the timing
of sale requests, the manner in which sales are executed, pricing method, consolidation or
aggregation of orders and volume limits determined by the Firm). In addition, you understand and
agree that you shall be responsible for all brokerage costs and other fees or expenses associated
with your One-time RSU Award, including without limitation, such brokerage costs or other fees or
expenses in connection with the sale of Shares delivered to you hereunder.

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          (f) GS Inc. may affix to Certificates representing Shares issued pursuant to this Award
Agreement any legend that the Committee determines to be necessary or advisable (including to
reflect any restrictions to which you may be subject under a separate agreement with GS Inc.). GS
Inc. may advise the transfer agent to place a stop order against any legended Shares.

          (g) Without limiting the application of Paragraph 4(b), if:

               (i) your Employment with the Firm terminates solely because you resigned to accept employment
at any U.S. Federal, state or local government, any non-U.S. government, any supranational or
international organization, any self-regulatory organization or any agency, or instrumentality of
any such government or organization, or any other employer determined by the Committee, and as a
result of such employment, your continued holding of your Outstanding One-time RSUs would result in
an actual or perceived conflict of interest (“Conflicted Employment”); or

               (ii) following your termination of Employment other than described in Paragraph 9(g)(i), you
notify the Firm that you have accepted or intend to accept Conflicted Employment at a time when you
continue to hold Outstanding One-time RSUs;

then, in the case of Paragraph 9(g)(i) above, the condition set forth in Paragraph 4(a) shall be
waived with respect to any One-time RSUs you then hold that had not yet become Vested (as a result
of which such One-time RSUs shall become Vested) and, in the case of Paragraphs 9(g)(i) and
9(g)(ii) above, at the sole discretion of the Firm, you shall receive either a lump sum cash
payment in respect of, or delivery of the Shares underlying, your then Vested Outstanding One-time
RSUs, in each case as soon as practicable after the Committee has received satisfactory
documentation relating to your Conflicted Employment. Notwithstanding anything else herein,
payment or delivery in respect of One-time RSUs as a result of this Paragraph 9(g) shall be made
only at such time and if and to the extent as would not result in the imposition of any additional
tax to you under Section 409A of the Code (which governs the taxation of certain deferred
compensation).

     10. Right of Offset. The obligation to deliver Shares under this Award Agreement is
subject to Section 3.4 of the Plan, which provides for the Firm’s right to offset against such
obligation any outstanding amounts you owe to the Firm and any amounts the Committee deems
appropriate pursuant to any tax equalization policy or agreement.

     11. Amendment. The Committee reserves the right at any time to amend the terms and
conditions set forth in this Award Agreement, and the Board may amend the Plan in any respect;
provided that, notwithstanding the foregoing and Sections 1.3.2(f), 1.3.2(g) and 3.1 of the Plan,
no such amendment shall materially adversely affect your rights and obligations under this Award
Agreement without your consent; and provided further that the Committee expressly reserves its
rights to amend the Award Agreement and the Plan as described in
Sections 1.3.2(h)(1), (2) and (4)
of the Plan. Any amendment of this Award Agreement shall be in writing signed by an authorized
member of the Committee or a person or persons designated by the Committee.

     12. Arbitration; Choice of Forum. BY ACCEPTING THIS AWARD, YOU UNDERSTAND AND AGREE
THAT THE ARBITRATION AND CHOICE OF FORUM PROVISIONS SET FORTH IN SECTION 3.17 OF THE PLAN, WHICH
ARE EXPRESSLY INCORPORATED HEREIN BY REFERENCE AND WHICH, AMONG OTHER THINGS, PROVIDE THAT ANY
DISPUTE, CONTROVERSY OR CLAIM BETWEEN THE FIRM AND YOU ARISING OUT OF OR RELATING TO OR CONCERNING
THE PLAN OR THIS AWARD AGREEMENT SHALL BE FINALLY SETTLED BY ARBITRATION IN NEW YORK CITY, PURSUANT
TO THE TERMS MORE FULLY SET FORTH IN SECTION 3.17 OF THE PLAN, SHALL APPLY.

     13. Non-transferability. Except as otherwise may be provided in this Paragraph or as
otherwise may be provided by the Committee, the limitations on transferability set forth in Section
3.5 of the Plan shall apply to this Award. Any purported transfer or assignment in violation of
the provisions of this

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Paragraph 13 or Section 3.5 of the Plan shall be void. The Committee may adopt procedures
pursuant to which some or all recipients of One-time RSUs may transfer some or all of their
One-time RSUs through a gift for no consideration to any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships, any person
sharing the recipient’s household (other than a tenant or employee), a trust in which these persons
have more than 50% of the beneficial interest, and any other entity in which these persons (or the
recipient) own more than 50% of the voting interests.

     14. Governing Law. THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

     15. Delay in Payment. To the extent required in order to avoid the imposition of any
interest and/or additional tax under Section 409A(a)(1)(B) of the Code, any payments or deliveries
due as a result a your termination of Employment with the Firm may be delayed for six months if you
are deemed to be a “specified employee” as defined in Section 409A(a)(2)(i)(B) of the Code.

     16. Headings. The headings in this Award Agreement are for the purpose of convenience
only and are not intended to define or limit the construction of the provisions hereof.

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     IN WITNESS WHEREOF, GS Inc. has caused this Award Agreement to be duly executed and delivered
as of the Date of Grant.

	 	 	 
	 

	 	THE GOLDMAN SACHS GROUP, INC.
	 
	 	 
	 

	 	By:
	 

	 	Name:
	 

	 	Title:

-7-EX-10.49

 

EXHIBIT 10.49

The Goldman Sachs Group, Inc.

Signature Card For 2006 Year-End Awards

and the Mellon Custody Account and Consent to Receive Electronic Delivery

IMPORTANT: PLEASE REVIEW, EXECUTE AND RETURN THIS FORM TO: EQUITY COMPENSATION, 180 MAIDEN LANE, 24TH FLOOR, NEW YORK, NY 10038.
YOU MUST PROPERLY EXECUTE THIS FORM TO ACKNOWLEDGE ACCEPTANCE OF THE TERMS AND CONDITIONS OF YOUR AWARD AND RELATED MATTERS.

1. I have received and agree to be bound by The Goldman Sachs Amended and Restated Stock
Incentive Plan (the “SIP”) and the Award Agreement(s) applicable to me in connection with the 2006
Year-End Award(s) (the “Award(s)”) that I have been granted by the Firm (as defined below). I
confirm that I have accepted the Award(s) subject to the terms and conditions contained in the SIP
and the Award Agreement(s), including but not limited to, the requirement that disputes relating to
the Award(s) and the Award Agreement(s) be decided through arbitration in New York City and be
governed by New York law.

As a condition of this grant, I understand that the Award(s) (as well as any other award that the
Firm may grant to me under the SIP) is/are subject to other governing law provisions (as outlined
in this signature card, in the current or otherwise then current Award Summary (as defined below)
or otherwise as may be required under applicable law) and, as a condition to receiving such awards,
I agree to be bound thereby. I also understand that the Firm may grant to me other awards under
the SIP that also may contain (among other terms and conditions) arbitration and other governing
law provisions and, as a condition to receiving such awards, I agree to be bound thereby. As a
condition of this grant, I agree to provide upon request an appropriate certification regarding my
U.S. tax status on Form W-8BEN, Form W-9, or other appropriate form, and I understand that failure
to supply a required form may result in the imposition of backup withholding on payments on Common
Stock I receive pursuant to this grant.

Further, as a condition of this grant, if I am a person who has worked in the United
Kingdom at any time during the earnings period relating to any Award, as determined by the
Firm, when requested and as directed by the Firm, I will agree to a Joint Election under s431 ITEPA
2003 of the laws of the United Kingdom for full or partial disapplication of Chapter 2 Income Tax
(Earnings and Pension) Act 2003 under the laws of the United Kingdom and will sign and return such
election in respect of all future deliveries of shares underlying the Award(s) and any previous
grants made to me under the SIP and understand that the Firm intends to meet its delivery
obligations in shares with respect to my Award(s), except as may be prohibited by law or described
in the accompanying Award Agreement or supplementary materials.

If I have worked in Switzerland at any time during the earnings period relating to the
Award(s) granted to me as determined by the Firm, (i) I acknowledge that my Award(s) are subject to
tax in accordance with the rulings and method of calculation of taxable values to be agreed by the
Firm with the Federal and/or Zurich/Geneva cantonal/communal tax authorities or as otherwise
directed by the Firm, and (ii) I hereby agree to be bound by any rulings agreed by the Firm in
respect of any Award(s), which is expected to result in taxation at the time of delivery of shares
(or cash or other property in lieu thereof), and (iii) I undertake to declare and make a full and
accurate income tax declaration in respect of my Award(s) in accordance with the above ruling or as
directed by the Firm.

2. I have read and understand the Firm’s “Notice Period Policy for Recipients of Year-End
Equity-Based Awards for Fiscal 2006 Onwards” (the “Notice Policy”), pursuant to which I am required
to provide certain specified advance notice of my intent to leave employment with the Firm. I
understand that in executing this form, I will be agreeing to provide my employing entity with
advance notice of my voluntary intention to leave employment with the Firm as follows:

	 	•	 	In the Americas, Japan and Asia Ex-Japan (excluding India): 60 days in advance of my termination date
	 
	 	•	 	In Europe, the Middle East, Africa and India: 90 days in advance of my termination date

and that, where applicable (see the provisions in the Award Summary), this change to my notice
period constitutes a permanent change to my terms and conditions of employment. I agree to this
change in consideration of my continued employment with the Firm and my receipt of the Award(s),
and I agree to be bound by the Notice Policy as in effect from time-to-time.

I understand that the Firm will provide me with the same notice, subject to local law. I
acknowledge that the agreement concerning my notice period is being made for and on behalf of my
Goldman Sachs employing entity, and that implementation of the Notice Policy does not create an
employment relationship between me and The Goldman Sachs Group, Inc.

In certain jurisdictions (for example the United States), the Firm may have the right unilaterally
to waive or reduce the notice period otherwise applicable to me and consider my termination of
employment effective on such earlier date as may be determined by the Firm, and that I will not be
entitled to any wages or benefits after such earlier date.

I understand that unless the notice period is waived by agreement or unilaterally as set out above,
or I have exercised a statutory right to make a payment in lieu of my notice period, I will be paid
my base salary and will continue to receive all
mandatory benefits during the notice period. I understand and agree that during my notice period I
may (subject to any local laws to the contrary) be required to remain away from the Firm’s offices,
and/or be removed from any assigned duties or assigned to other suitable duties during my notice
period.

 

I understand and agree that if I fail to give the full amount of notice as set out above, or to
comply in any respect with the Notice Policy, I will have failed to meet an obligation I have under
an agreement with the Firm, as a result of which the Firm may have certain rights and I may be
subject to certain legal and equitable rights and remedies, including, without limitation, the
forfeiture of the Award(s) and any other awards granted to me (whether before or after the
Award(s)) under the SIP. The forfeiture of such Award(s) will also apply where I fail to give the
full amount of notice by exercising any right I may have under applicable legislation to make a
payment in lieu of such notice. I also understand and agree that, if I fail to comply with the
Notice Policy, the Firm may be entitled to an injunction from a court restraining me from violating
it.

I understand that, for employees of Archon Group, L.P., the Notice Policy applies only to Senior
Executives.

3. I have read and understand the Firm’s hedging and pledging policies (including, without
limitation, the Firm’s “Policies With Respect to Transactions Involving GS Shares, Equity Awards
and GS Options by Persons Affiliated with GS Inc.”), and agree to be bound by them (with respect to
the Award(s) and any prior awards under the SIP), both during and following my employment with the
Firm.

4. If a custody account is required, I request that Mellon Bank, N.A. (“Mellon Bank”) open a
custody account for me as described in the enclosed Custody Agreement among Mellon Bank, The
Goldman Sachs Group, Inc., and myself. I have received and agree to be bound by the Custody
Agreement (or any other such custody agreement previously entered into by me or on my behalf),
including the applicable restrictions on transfers, pledges and withdrawals of Common Stock, the
provisions permitting the Firm to monitor my custody account, and the limitations on the liability
of Mellon Bank and the Firm.

5. If the Firm advanced or loaned me funds to pay certain taxes (including income taxes and
Social Security, or similar contributions) in connection with the Award(s) (or does so in the
future), and if I have not signed a separate loan agreement governing repayment, I authorize the
Firm to withhold from my compensation any amounts required to reimburse it for any such advance or
loan.

I understand and agree that, if I leave the Firm, I am required immediately to repay any
outstanding amount. I further understand and agree that the Firm has the right to offset any
outstanding amounts that I then owe the Firm against its delivery obligations under the Award(s) or
against any other amounts the Firm then owes me.

6. If I am an individual with separate employment contracts (at any time during and/or after
the Firm’s 2006 fiscal year), I acknowledge and agree that the Firm may, in its sole discretion,
require that I provide funds for a reserve which shall be provided, at my option, either by the
Firm executing a sale of such number of shares that may be deliverable in respect of the Award(s)
(or any other of my
awards outstanding under the SIP) or by me remitting such cash amount, in each case as the Firm
determines is advisable or necessary in connection with any actual, anticipated or possible tax
consequences related to my separate employment contracts.

7. In connection with any Award Agreement or other interest I may receive in the SIP or any
shares of Common Stock of The Goldman Sachs Group, Inc. that I may receive in connection with the
Award(s) or any award I have previously received or may receive, I hereby consent to the receipt in
electronic form at my email address maintained at Goldman Sachs or via Goldman Sachs’ intranet site
(or, if I am no longer employed by the Firm, at such other email address as I may specify, or via
such other electronic means as the Firm and I may agree) all notices and information that the Firm
is required by law to send to me in connection therewith including, without limitation, any
document (or part thereof) constituting part of a prospectus covering securities that have been
registered under the U.S. Securities Act of 1933, the information contained in any such document
and any information required to be delivered to me under Rule 428 of the U.S. Securities Act of
1933, including, for example, the annual report to security holders or the annual report on Form
10-K of The Goldman Sachs Group, Inc. for its latest fiscal year, and that all prior elections that
I may have made relating to the delivery of any such document in physical form are hereby revoked
and superseded. I agree to check Goldman Sachs’ intranet site (or, if I am no longer employed by
the Firm, such other electronic site as the Firm and I may agree) periodically as I deem
appropriate for any new notices or information concerning the SIP. I understand that I am not
required to consent to the receipt of such documents in electronic form in order to receive the
Award(s) and that I may decline to receive such documents in electronic form by contacting Equity
Compensation, 180 Maiden Lane, 24th Floor, New York, NY 10038,
telephone (212) 357-1444, which will
provide me with hard copies of such documents upon request. I also understand that this consent is
voluntary and may be revoked at any time on three business days’ written notice.

 

 

8. I hereby acknowledge that I have received in electronic form in accordance with my consent in
paragraph 7 the following documents:

	 	•	 	The Goldman Sachs Amended and Restated Stock Incentive Plan;
	 
	 
	 	•	 	Summary of The Goldman Sachs Amended and Restated Stock Incentive
Plan;
	 
	 
	 	•	 	Custody Agreement with Mellon Bank;
	 
	 
	 	•	 	The 2005 Annual Report for The Goldman Sachs Group, Inc.;
	 
	 
	 	•	 	The annual report on Form 10-K for The Goldman Sachs Group, Inc.
for the fiscal year ended November 25, 2005, filed with the
Securities Exchange Commission on February 7, 2006;
	 
	 
	 	•	 	The Award Agreement(s); and
	 
	 
	 	•	 	Summaries of the Award(s) (“Award Summary”).

9. I expressly authorize any appropriate representative of the Firm to make any notifications,
filings or remittances of funds that may be required in connection with the SIP on my behalf.
Further, if I am an employee who is resident in South Africa at the time of share acquisition, by
accepting my Award(s), I expressly authorize any appropriate representative of the Firm to make the
required notification on my behalf to the Reserve Bank of South Africa (or its authorized dealer)
in relation to any acquisition of shares for no consideration under the SIP. I acknowledge that
any such authorization is effective from the date of acceptance of my Award(s) until such time as I
expressly revoke the authorization by written notice to any appropriate representative of the Firm.
I understand that this authorization does not create any obligation on the Firm to deal with any
such notifications, filings or remittances of funds that I may be required to make in connection
with the SIP and I accept full responsibility in this regard.

Consent to Data Collection, Processing and Transfers:

 

I understand and agree that in connection with the SIP and any other Firm benefit plan (the
“Programs”), to the extent permitted under the laws of the applicable jurisdiction, the Firm may
collect and process various data that is personal to me, including my name, address, work
location, hire date, Social Security or Social Insurance or taxpayer identification number
(required for tax purposes), type and amount of SIP or other benefit plan award, citizenship or
residency (required for tax purposes) and other similar information reasonably necessary for the
administration of such Programs (collectively referred to as “Information”) and provide such
Information to its affiliates and Mellon Bank (and its affiliates) or any other service provider,
whether in the United States or elsewhere, as is reasonably necessary for the administration of
the Programs and under the laws of these jurisdictions. I understand that, in certain
circumstances, foreign courts, law enforcement agencies or regulatory agencies may be entitled to
access the Information. I understand that, unless I explicitly authorize otherwise, the Firm, its
affiliates and its service providers (through their respective employees in charge of the relevant
electronic and manual processing) will use this Information only for purposes of administering the
Programs. I understand that, in the United States and in other countries to which such
Information may be transferred for the administration of the Programs, the level of data
protection is not equivalent to data protection standards in the member states of the European
Union. I understand that, upon request, to Equity Compensation, 180 Maiden Lane, 24th Floor, New
York, NY 10038, telephone (212) 357-1444, to the extent required under the laws of the applicable
jurisdiction, I may have access to and obtain communication of the Information and may exercise
any of my rights in respect of such Information, including objecting to the processing of the
Information and requesting that the Information be corrected (if wrong), completed or clarified
(if incomplete or equivocal), or erased (if cannot legally be collected or kept). Upon request,
to the extent required under the laws of the applicable jurisdiction, Equity Compensation will
also provide me, free of charge, with a list of all the service providers used in connection with
the Programs at the time of request. I understand that, if I refuse to authorize the use and
transfer of the Information consistent with the above, I may not benefit from the Programs. I
authorize the use and transfer of the Information consistent with the above for the period of
administration of the Programs. In particular, I authorize (within the limits described above):
(i) the data processing by the Firm (which means The Goldman Sachs Group, Inc. and its
subsidiaries and affiliates); (ii) the data processing by Mellon Bank and its affiliates; (iii)
the data processing by the Firm’s other service providers; and (iv) the data transfer to the
United States and other countries.

 

Other Legal Notices:

FOR ARGENTINA EMPLOYEES ONLY

This is a private offer. It is not subject to the supervision of the Comision Nacional de
Valores (CNV) or any other governmental authority in Argentina.

FOR AUSTRALIA EMPLOYEES ONLY

“This document is provided for your information only. This document does not constitute an
offer of securities. Your individual offer of participation will be given to you directly with a
printed copy of the disclosure document.”

FOR BRAZIL EMPLOYEES ONLY

Please note that the offer of an award under the SIP does not constitute a public offer in
Brazil, and therefore it is not subject to registration with the Brazilian authorities.

According to Brazilian regulations, individuals resident in Brazil must inform the Central Bank of
Brazil yearly the amounts of any nature, the assets and rights (including cash and other deposits)
held outside of the Brazilian territory. Please consult your own legal counsel on the terms and
conditions for presentation of such information.

FOR THE PEOPLE’S REPUBLIC OF CHINA EMPLOYEES ONLY

All documentation in relation to the Award is intended for your personal use and in your
capacity as an employee of the Firm (and/or its affiliate) and is being given to you solely for the
purpose of providing you with information concerning the Award which the Firm may grant to you as
an employee of the Firm (and/or its affiliate) in accordance with the terms of the SIP, this
documentation and the applicable Award Agreement(s). The grant of the Award has not been and will
not be registered with the China Securities Regulatory Commission of the People’s Republic of China
pursuant to relevant securities laws and regulations, and the Award may not be offered or sold
within the mainland of the People’s Republic of China by means of any of the documentation in
relation to the Award through a public offering or in circumstances which require a registration or
approval of the China Securities Regulatory Commission of the People’s Republic of China in
accordance with the relevant securities laws and regulations.

FOR FRANCE EMPLOYEES ONLY

Disclaimer:

The current transaction is not covered by any prospectus which is the subject of the AMF’s
approval. Grantees can only receive this award for their own account (“compte propre”) in the
conditions laid down by articles D. 411-1, D. 411-2,
D. 734-1, D. 744-1, D. 754-1 and D. 764-1 of
the French Monetary and Financial Code. Any direct or indirect dissemination into the public of
the financial instruments acquired can only take place within the
conditions of articles L. 411-1,
L. 411-2, L. 412-1 and L. 621-8 to L. 621-8-3 of the French Monetary and Financial Code.

Avertissement:

La présente opération ne donne pas lieu à un prospectus soumis au visa de l’Autorité des marchés
financiers. Les investisseurs qui y participent ne peuvent le faire que pour compte propre dans les
conditions fixées par les
articles D. 411-1, D. 411-2, D. 734-1, D. 744-1, D. 754-1 et D. 764-1 du
Code monetaire et financier. La diffusion, directe ou indirecte, dans le public des instruments
financiers ainsi acquis, ne peut être réalisée que dans les conditions prévues aux articles L.
411-1, L. 411-2, L. 412-1 et L. 621-8 à L. 621-8-3 du Code monétaire et financier.

FOR GERMANY EMPLOYEES ONLY

The Award(s) are offered to you by Goldman Sachs Group, Inc. (“GS Inc.”) in accordance with the
terms of the SIP which are summarized in the Award Summary. More information about GS Inc. is
available on www.gs.com. You are being offered Award(s) under the SIP in order to provide
an additional incentive and to encourage employee share ownership and so increase your interest in
the Firm’s success.

Please refer to the section entitled Shares Available for Awards in the SIP
for information on the maximum number of GS Inc. shares that can be offered under the SIP. The
obligation to publish a prospectus under the Prospectus Directive does not apply to the offer
because of Article 4(1)(e) of that directive.

 

 

“Die
Prämien werden Ihnen von der Goldman Sachs Group Inc. (“GS
Inc.”) gemäß den in der
Prämienübersicht aufgeführten Bestimmungen des Erwerbsplans angeboten. Weitere Informationen über
GS Inc. finden Sie unter www.gs.com. Die Prämien werden Ihnen im Rahmen des Erwerbsplans
angeboten, um einen zusätzlichen Anreiz darzustellen und Sie als Mitarbeiter zum Erwerb von Aktien
zu ermutigen, um so Ihren Anteil am Erfolg des Unternehmens zu vergrößern. Informationen zur Anzahl
der im Rahmen des Plans angebotenen GS Inc.-Aktien entnehmen Sie bitte dem Abschnitt als Prämien
erhältliche Aktien im Erwerbsplan. Die Verpflichtung zur Veröffentlichung eines Emissionsprospekts
gemäß der europäischen Prospektrichtlinie trifft auf Grund von Artikel 4(1)(e) dieser Richtlinie
nicht auf dieses Angebot zu.”

FOR HONG KONG EMPLOYEES ONLY

WARNING:

The contents of this document have not been reviewed by any regulatory authority in Hong Kong. You
are advised to exercise caution in relation to the offer. If you are in doubt about any of the
contents of this document, you should obtain independent professional advice.

FOR INDIA EMPLOYEES ONLY

This website does not invite offers from the public for subscription or purchase of the
securities of any body corporate under any law for the time being in force in India. The website
is not a prospectus under the applicable laws for the time being in force in India. Goldman Sachs
does not intend to market, promote, invite offers for subscription or purchase of the securities of
any body corporate by this website. The information provided on this website is for the record
only. Any person who subscribes or purchases securities of any body corporate should consult his
own investment advisers before making any investments. Goldman Sachs shall not be liable or
responsible for any such investment decision made by any person.

FOR MONACO EMPLOYEES ONLY

By accepting your Award(s), you expressly renounce the jurisdiction of Monaco (and, if
applicable, France) and notably the application of articles 14 and 15 of the Monaco Civil Code
(and, if applicable, the French Civil Code) in connection with any dispute relating to your
Award(s).

FOR RUSSIA EMPLOYEES ONLY

None of the information contained in the documents referred to in paragraph 8 of this signature
card or in this signature card constitutes an advertisement of the Awards(s) in Russia and must not
be passed on to third parties or otherwise be made publicly available in Russia. The Award(s) have
not been and will not be registered in Russia and are not intended for “placement” or “public
circulation” in Russia.

FOR SWEDEN EMPLOYEES ONLY

The Award(s) are offered to you by Goldman Sachs in accordance with the terms of the SIP which
are summarized in the Award Summary. More information about Goldman Sachs is available on
www.gs.com. You are being offered Award(s) under the SIP in order to provide an additional
incentive and to encourage employee share ownership and so increase your interest in the Company’s
success. Please refer to the section entitled Shares Available for Awards in the SIP for
information on the maximum number of Goldman Sachs shares that can be offered under the SIP. The
obligation to publish a prospectus under the Prospectus Directive does not apply to the offer
because of Article 4(1)(e) of that directive.

FOR UK EMPLOYEES ONLY

This document is approved by Goldman Sachs International (“GSI”), Peterborough Court, 133 Fleet
Street, London EC4A 2BB, which is authorized and regulated by the Financial Services Authority.
The document relates to investments and investment services of The Goldman Sachs Group Inc. and
other institutions, including Mellon Bank, relating to custodial and delivery operations. In some
or all respects, the regulatory system applying to these entities, including any compensation
arrangements and rules made under the Financial Services and Markets Act 2000 for the protection of
private customers, will be different from that of the United Kingdom.

This document does not have regard to the specific investment objectives, financial situation and
particular needs of any specific person who may receive it. Recipients should seek their own
financial advice.

The Award(s) is/are subject to the terms and conditions set forth in the SIP and the Award
Agreement. The price of shares and the income from such shares (if any) can fluctuate and may be
affected by changes in the exchange rate for U.S. Dollars. Past performance will not necessarily
be repeated. Levels and bases of taxation may change from time to time. Investors should consult
their own tax advisers in order to understand tax consequences. The Goldman Sachs Group, Inc. has
(and its associates, including GSI, may have) a material interest in the shares and the investments
that are the subject of this document.

	 	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 
	Print Name:

	 	 	 	 	 	Employee

ID #:

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