Document:

EX-10.43

 Exhibit 10.43 

THE GOLDMAN SACHS AMENDED AND RESTATED 

STOCK INCENTIVE PLAN (2013) 

____ FIXED ALLOWANCE RSU AWARD 

This Award Agreement sets forth the terms and conditions of the ____ Fixed Allowance award (this “Award”) of RSUs (“Fixed
Allowance RSUs”) granted to you under The Goldman Sachs Amended and Restated Stock Incentive Plan (2013) (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. IN LIGHT OF THE U.S. TAX RULES RELATING TO DEFERRED COMPENSATION
IN SECTION 409A OF THE CODE, TO THE EXTENT THAT YOU ARE A
UNITED STATES TAXPAYER, CERTAIN PROVISIONS OF THIS AWARD AGREEMENT AND OF
THE PLAN SHALL APPLY ONLY AS PROVIDED IN PARAGRAPH 15. 

2. Award. The number of Fixed Allowance 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. In addition, Shares delivered in respect of your Fixed Allowance RSUs will be subject to transfer restrictions following the Delivery Date
as described in Paragraph 3(b)(iv) below. THIS AWARD IS CONDITIONED ON YOUR OPENING AND ACTIVATING
THE ACCOUNT REFERRED TO IN PARAGRAPH 3(b), 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, YOU WILL HAVE CONFIRMED YOUR ACCEPTANCE
OF ALL OF THE TERMS AND CONDITIONS OF THIS AWARD AGREEMENT. 

3. Vesting and Delivery and Transfer Restrictions. 

(a) Vesting. All of your Fixed Allowance RSUs shall be Vested on the Date of Grant. The fact that your Fixed Allowance RSUs are Vested
means only that your continued active Employment is not required in order to receive delivery of the Shares underlying your Outstanding Fixed Allowance RSUs. However, all other terms and conditions of this Award Agreement shall continue to apply to
such Fixed Allowance 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 Fixed Allowance RSUs would be delivered). 

 (b) Delivery and Transfer Restrictions. 

(i) The Delivery Date with respect to the number or percentage of your Fixed Allowance RSUs shall be the date specified next to such number or
percentage of Fixed Allowance RSUs on your Award Statement. In accordance with Treasury Regulations section (“Reg.”) 1.409A-3(d), the Firm may accelerate delivery to a date that is up to 30 days before the Delivery Date specified on the
Award Statement; provided, however, that in no event shall you be permitted to designate, directly or indirectly, the taxable year of the delivery. 

(ii) Except as provided in this Paragraph 3 and in Paragraphs 2, 4, 5, 7, 9, 10, 15 and 16, in accordance with Section 3.23 of
the Plan, reasonably promptly (but in no case more than 30 Business Days) after each date specified as a Delivery Date (or any other date delivery of Shares is called for hereunder), unless otherwise determined by the Firm, Shares underlying the
number or percentage of your then Outstanding Fixed Allowance RSUs with respect to which such 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 Account. 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 Fixed Allowance RSUs, the Firm may deliver cash, other securities, other awards under the Plan or other property,
and all references in this Award Agreement to deliveries of Shares shall include such deliveries of cash, other securities, other awards under the Plan or other property. 

(iv) Except as provided in this Paragraph 3(b)(iv) and Paragraphs 3(c), 7, and 9(g), the following Shares delivered to you in
respect of your Fixed Allowance RSUs shall be subject to Transfer Restrictions: 
 (1) If the withholding rate applicable to
the delivery of Shares on a Delivery Date (or any other date delivery of Shares is called for hereunder) is at least 50%, then all the Shares delivered to you (after application of the withholding) in respect of your Fixed Allowance RSUs on such
date will be subject to the Transfer Restrictions until the date specified in your Award Statement as the Transferability Date. 

(2) If the withholding rate applicable to the delivery of Shares on a Delivery Date (or any other date delivery of Shares is
called for hereunder) is less than 50%, then 50% of the Shares scheduled to be delivered to you (prior to application of any withholding) on such date will be subject to the Transfer Restrictions until the Transferability Date, and the remaining
Shares delivered to you (after application of any withholding) on such date will not be subject to the Transfer Restrictions. Shares may be rounded to avoid fractional Shares. 

Shares that are subject to Transfer Restrictions are referred to in this Award Agreement as “Shares at Risk.” Any purported sale, exchange,
transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposition in violation of the Transfer Restrictions shall be void. If and to the extent your Shares at Risk are certificated, the Certificates representing the Shares
at Risk are subject to the restrictions in this Paragraph 3(b)(iv), and GS Inc. shall advise its transfer agent to place a stop order against your Shares at Risk. Within 30 Business Days after the Transferability Date (or any other date
described herein on which the Transfer Restrictions are removed), GS Inc. shall take, or shall cause to be taken, such steps as may be necessary to remove the Transfer Restrictions. 

  
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 (v) In the discretion of the Committee, delivery of Shares (including Shares at Risk) or the
payment of cash or other property may be made initially into an escrow account meeting such terms and conditions as are determined by the Firm and may be held in that escrow account until such time as the Committee has received such documentation as
it may have requested or until the Committee has determined that any other conditions or restrictions on delivery of Shares, cash or other property required by this Award Agreement have been satisfied. By accepting your Fixed Allowance RSUs, you
have agreed on behalf of yourself (and your estate or other permitted beneficiary) that the Firm may establish and maintain an escrow account on such terms and conditions (which may include, without limitation, your (or your estate or beneficiary)
executing any documents related to, and your (or your estate or beneficiary) paying for any costs associated with, such account) as the Firm may deem necessary or appropriate. Any such escrow arrangement shall, unless otherwise determined by the
Firm, provide that (A) the escrow agent shall have the exclusive authority to vote such Shares while held in escrow and (B) dividends paid on such Shares held in escrow may be accumulated and shall be paid as determined by the Firm in its
sole discretion. 
 (c) Death. Notwithstanding any other Paragraph of this Award Agreement (except Paragraph 15), if you die prior to
the Delivery Date and/or the Transferability Date, the Shares underlying your then Outstanding Fixed Allowance RSUs shall be delivered to the representative of your estate and any Transfer Restrictions shall cease to apply 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. 
 4. Termination
of Fixed Allowance RSUs and Non-Delivery of Shares; Termination of Shares at Risk. 
 (a) Unless the Committee determines otherwise, and
except as provided in Paragraphs 3(c), 7, and 9(g), if your Employment terminates for any reason or you otherwise are no longer actively employed with the Firm, any Transfer Restrictions shall continue to apply until the Transferability Date as
provided in Paragraph 3(b)(iv). 
 (b) Without limiting the application of Paragraphs 4(c), 4(d) and 4(f), and subject to
Paragraph 6(b): 
 (i) your rights in respect of all Fixed Allowance RSUs shall terminate, such Outstanding Fixed Allowance RSUs shall
cease to be Outstanding, and no Shares shall be delivered in respect thereof, if you engage in “Competition” (as defined below) prior to the earlier of __________ or the date on which your Fixed Allowance RSUs become deliverable following
a Change in Control in accordance with Paragraph 7; 
 (ii) your rights in respect of the number or percentage of Fixed Allowance RSUs
that are scheduled to deliver in __________ and __________ shall terminate, such number of Fixed Allowance RSUs shall cease to be Outstanding, and no Shares shall be delivered in respect thereof, if you engage in Competition on or after __________,
but prior to the earlier of __________ or the date on which your Fixed Allowance RSUs become deliverable following a Change in Control in accordance with Paragraph 7; and 

(iii) your rights in respect of the number or percentage of Fixed Allowance RSUs that are scheduled to deliver in __________ shall terminate,
such number of Fixed Allowance RSUs shall cease to be Outstanding, and no Shares shall be delivered in respect thereof, if you engage in Competition on or after __________, but prior to the earlier of __________ or the date on which your Fixed
Allowance RSUs become deliverable following a Change in Control in accordance with Paragraph 7. 
 For purposes of this Award Agreement,
“Competition” means that 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. 

  
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 (c) Unless the Committee determines otherwise, and except as provided in Paragraph 7, your
rights in respect of all of your Outstanding Fixed Allowance RSUs immediately shall terminate, such Fixed Allowance 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) 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 or payment in respect of Dividend Equivalent Rights 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; or 

(iv) 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 or this Award, including, without limitation, the Firm’s notice period requirement applicable to you, any offer letter, employment agreement or any
shareholders’ agreement to which other similarly situated employees of the Firm are a party. 
 (d) Unless the Committee determines
otherwise, and except as provided in Paragraph 7, your rights in respect of all of your Shares at Risk immediately shall terminate and such Shares at Risk shall be cancelled (and any Shares or other property or amounts that were delivered, paid or
withheld in respect of this Award at the time such cancelled Shares at Risk were delivered, and any related dividends or payments under Dividend Equivalent Rights that were paid in respect thereof, shall be subject to repayment as described in
Paragraph 5) if: 
 (i) any that constitutes Cause has occurred; 

(ii) 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 or this Award, including, without limitation, the Firm’s notice period requirement applicable to you, any offer letter, employment agreement or any
shareholders’ agreement to which other similarly situated employees of the Firm are a party; or 
 (iii) 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 requesting the
sale of Shares following the release of Transfer Restrictions, 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. 

(e) For the avoidance of doubt, failure to pay or reimburse the Firm, upon demand, for any amount you owe to the Firm shall constitute
(i) failure to meet an obligation you have under an agreement referred to in Paragraphs 4(c)(v) and 4(d)(ii), regardless of whether such obligation arises under a written agreement, and/or (ii) a material violation of Firm policy
constituting Cause referred to in Paragraphs 4(c)(ii) and 4(d)(i). 

  
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 5. Repayment. The provisions of Sections 2.5.3, 2.6.3 and 2.8.4 of the Plan (which
require the return or repayment of Shares and payments under Dividend Equivalent Rights, without reduction for any amount applied to satisfy tax withholding or other obligations, if the Committee determines that the applicable terms and conditions
were not satisfied) shall apply (i) to this Award and (ii) as described in Paragraph 4(d), to any Shares or other property or amounts that were delivered, paid or withheld in respect of this Award at the time any cancelled Shares at Risk
were delivered (and any related dividends and payments under Dividend Equivalent Rights). 
 6. Certain Terminations of Employment. 

 (a) In the event of the termination of your Employment (determined as described in Section 1.2.20 of the Plan) for any reason, all
terms and conditions of this Award Agreement shall continue to apply. 
 (b) Unless otherwise determined by the Committee in its discretion,
Paragraph 4(b) will not apply following termination of Employment that 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.” 

7. Change in Control. Notwithstanding anything to the contrary in this Award Agreement (except Paragraph 15), 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 Fixed Allowance RSUs shall be
delivered and any Transfer Restrictions shall cease to apply. 
 8. Dividend Equivalent Rights; Dividends. Each Fixed Allowance RSU
shall include a Dividend Equivalent Right. Accordingly, with respect to each of your Outstanding Fixed Allowance 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 Fixed Allowance RSU.
Payment in respect of a Dividend Equivalent Right shall be made only with respect to Fixed Allowance RSUs that are Outstanding on the relevant record date. Each Dividend Equivalent Right shall be subject to the provisions of Section 2.8.2 of
the Plan. You shall be entitled to receive on a current basis any regular cash dividend paid by GS Inc. in respect of your Shares at Risk, or, if the Shares at Risk are held in escrow, the Firm will direct the transfer/paying agent to distribute the
dividends to you in respect of your Shares at Risk. 
 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. To the extent permitted by applicable law, the Firm, in its sole discretion, may require you to provide amounts equal to all or a portion of any Federal, State, local, foreign or other tax obligations imposed on you or the Firm in connection
with the grant, Vesting or delivery of this Award by requiring you to choose between remitting such amount (i) in cash (or through payroll deduction or otherwise) or (ii) in the form of proceeds from the Firm’s executing a sale of
Shares delivered to you pursuant to this Award. In addition, if you are an individual with separate employment contracts (at any time during and/or after __________), the Firm may, in its sole discretion, require you to provide for a reserve in an
amount the Firm determines is advisable or necessary in connection with any actual, anticipated or potential tax consequences related to your separate employment contracts by requiring you to choose between

  
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remitting such amount (i) in cash (or through payroll deduction or otherwise) or (ii) in the form of proceeds from the Firm’s executing a sale of Shares delivered to you pursuant
to this Award (or any other Outstanding Awards under the Plan). In no event, however, shall any choice you may have under the preceding two sentences determine, or give you any discretion to affect, the timing of the delivery of Shares or the timing
of payment of tax obligations. 
 (b) If you are or become a Managing Director, your rights in respect of the Fixed Allowance 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 Fixed Allowance 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, including
without limitation the Firm’s supplying to any third party recordkeeper of the Plan or other person such personal information of yours as the Committee deems advisable to administer the Plan. 

(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 Fixed Allowance 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 Fixed Allowance RSU Award,
including, without limitation, such brokerage costs or other fees or expenses in connection with the sale of Shares delivered to you hereunder. 

(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 Paragraphs 4(b), 4(c), 4(d) and 4(f), if: 

(i) your Employment with the Firm terminates solely because you resigned to accept 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 Fixed Allowance RSUs and/or Shares at Risk; 
 then any Transfer
Restrictions shall cease to apply, and, at the sole discretion of the Firm, you shall receive either a lump sum cash payment in respect of, or delivery of Shares underlying, your then Outstanding Fixed Allowance RSUs, in each case, subject to the
last sentence of this Paragraph 9(g) and as soon as practicable after the Committee has received satisfactory documentation relating to your Conflicted Employment. For the avoidance of doubt, and subject to Paragraph 15(g) and applicable law,
nothing in this Paragraph 9(g) shall limit 

  
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the Committee’s authority to exercise its rights under the Award Agreement or the Plan (including, without limitation, Section 1.3.2 of the Plan) to take or require you to take other
steps it determines in its sole discretion to be necessary or appropriate to cure an actual or perceived conflict of interest. 
 (h) In
addition to and without limiting the generality of the provisions of Section 1.3.5 of the Plan, neither the Firm nor any Covered Person shall have any liability to you or any other person for any action taken or omitted in respect of this or
any other Award. 
 (i) You understand and agree that, in the event of your termination of Employment while you continue to hold Outstanding
Fixed Allowance RSUs and/or Shares at Risk, you may be required to certify, from time to time, your compliance with all terms and conditions of the Plan and this Award Agreement. You understand and agree that (i) it is your responsibility to
inform the Firm of any changes to your address to ensure timely receipt of the certification materials, (ii) you are responsible for obtaining such certification materials by contacting the Firm if you do not receive certification materials,
and (iii) failure to return properly completed certification materials by the deadline specified in the certification materials will result in the forfeiture of all of your Outstanding Fixed Allowance RSUs and Shares at Risk, as applicable, in
accordance with Paragraphs 4(c)(iv) and 4(d)(iii). 
 (j) By accepting this Award, you are granting to the Firm the full power and
authority to register any Shares at Risk in its or its designee’s name and authorizing the Firm or its designee to sell, assign or transfer any Shares at Risk in the event of forfeiture of your Shares at Risk. 

(k) You understand and agree that in the event you appeal a determination by the Committee, the SIP Committee, the SIP Administrators, or any
of their delegates or designees, you must submit a written request for such appeal within 180 days of receipt of any such determination. 

10. Right of Offset. Except as provided in Paragraph 15(h), the obligation to deliver Shares, to pay dividends or payments under
Dividend Equivalent Rights or to remove the Transfer Restrictions 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. 

12. Arbitration; Choice of Forum. 

(a) BY ACCEPTING THIS AWARD, YOU ARE INDICATING THAT YOU UNDERSTAND AND AGREE THAT THE ARBITRATION AND CHOICE OF FORUM PROVISIONS SET FORTH IN
SECTION 3.17 OF THE PLAN SHALL APPLY TO THIS AWARD. SUCH PROVISIONS, WHICH ARE EXPRESSLY INCORPORATED HEREIN BY REFERENCE, PROVIDE AMONG OTHER THINGS 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. 

  
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 (b) To the fullest extent permitted by applicable law, no arbitrator shall have the authority to
consider class, collective or representative claims, to order consolidation or to join different claimants or grant relief other than on an individual basis to the individual claimant involved. 

(c) Notwithstanding any applicable forum rules to the contrary, to the extent there is a question of enforceability of this Award Agreement
arising from a challenge to the arbitrator’s jurisdiction or to the arbitrability of a claim, it shall be decided by a court and not an arbitrator. 

(d) All references to the New York Stock Exchange in Section 3.17 of the Plan shall be read as references to the Financial Industry
Regulatory Authority. 
 (e) The Federal Arbitration Act governs interpretation and enforcement of all arbitration provisions under the Plan
and this Award Agreement, and all arbitration proceedings thereunder. 
 (f) Nothing herein creates a substantive right to bring a claim
under U.S., Federal, state, or local employment laws. 
 13. Non-transferability. Except as otherwise may be provided in this
Paragraph 13 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
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 Fixed Allowance RSUs may transfer some or all of their Fixed Allowance RSUs and/or Shares at Risk (which
shall continue to be subject to Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member (as determined pursuant to the procedures) or a trust in which the recipient and/or the
recipient’s immediate family members in the aggregate have 100% of the beneficial interest (as determined pursuant to the procedures). 

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. Compliance of Award Agreement and Plan with Section 409A. The provisions of this
Paragraph 15 apply to you only if you are a United States taxpayer. 
 (a) This Award Agreement and the Plan provisions that apply to
this Award are intended and shall be construed to comply with Section 409A (including the requirements applicable to, or the conditions for exemption from treatment as, a “deferral of compensation” or “deferred compensation”
as those terms are defined in the regulations under Section 409A (“409A deferred compensation”), whether by reason of short-term deferral treatment or other exceptions or provisions). The Committee shall have full authority to give
effect to this intent. To the extent necessary to give effect to this intent, in the case of any conflict or potential inconsistency between the provisions of the Plan (including, without limitation, Sections 1.3.2 and 2.1 thereof) and this
Award Agreement, the provisions of this Award Agreement shall govern, and in the case of any conflict or potential inconsistency between this Paragraph 15 and the other provisions of this Award Agreement, this Paragraph 15 shall govern.

 (b) Delivery of Shares shall not be delayed beyond the date on which all applicable conditions or restrictions on delivery of Shares in
respect of your Fixed Allowance RSUs required by this Agreement (including, without limitation, those specified in Paragraphs 3(b) and (c), 6(b) (execution of waiver and release of claims and agreement to pay associated tax liability) and 9 and
the consents and other items specified in Section 3.3 of the Plan) are satisfied. To the extent that any portion of this Award is intended to satisfy the requirements for short-term deferral treatment under Section 409A, delivery for such
portion shall occur by the March 15 coinciding with the last day of the applicable “short-term deferral” period described in 

  
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Reg. 1.409A-1(b)(4) in order for the delivery of Shares to be within the short-term deferral exception unless, in order to permit all applicable conditions or restrictions on delivery to be
satisfied, the Committee elects, pursuant to Reg. 1.409A-1(b)(4)(i)(D) or otherwise as may be permitted in accordance with Section 409A, to delay delivery of Shares to a later date within the same calendar year or to such later date as may
be permitted under Section 409A, including, without limitation, Regs. 1.409A-2(b)(7) (in conjunction with Section 3.21.3 of the Plan pertaining to Code Section 162(m)) and 1.409A-3(d). 

(c) Notwithstanding the provisions of Paragraph 3(b)(iii) and Section 1.3.2(i) of the Plan, to the extent necessary to comply with
Section 409A, any securities, other Awards or other property that the Firm may deliver in respect of your Fixed Allowance RSUs shall not have the effect of deferring delivery or payment, income inclusion, or a substantial risk of forfeiture,
beyond the date on which such delivery, payment or inclusion would occur or such risk of forfeiture would lapse, with respect to the Shares that would otherwise have been deliverable (unless the Committee elects a later date for this purpose
pursuant to Reg. 1.409A-1(b)(4)(i)(D) or otherwise as may be permitted under Section 409A, including, without limitation and to the extent applicable, the subsequent election provisions of Section 409A(a)(4)(C) of the Code and
Reg. 1.409A-2(b)). 
 (d) Notwithstanding the timing provisions of Paragraph 3(c), the delivery of Shares referred to therein shall be
made after the date of death and during the calendar year that includes the date of death (or on such later date as may be permitted under Section 409A). 

(e) The timing of delivery or payment pursuant to Paragraph 7 shall occur on the earlier of (i) the Delivery Date or (ii) a date that
is within the calendar year in which the termination of Employment occurs; provided, however, that, if you are a “specified employee” (as defined by the Firm in accordance with Section 409A(a)(2)(i)(B) of the Code), delivery shall
occur on the earlier of the Delivery Date or (to the extent required to avoid the imposition of additional tax under Section 409A) the date that is six months after your termination of Employment (or, if the latter date is not during a Window
Period, the first trading day of the next Window Period). For purposes of Paragraph 7, references in this Award Agreement to termination of Employment mean a termination of Employment from the Firm (as defined by the Firm) which is also a
separation from service (as defined by the Firm in accordance with Section 409A). 
 (f) Notwithstanding any provision of Paragraph 8 or
Section 2.8.2 of the Plan to the contrary, the Dividend Equivalent Rights with respect to each of your Outstanding Fixed Allowance RSUs shall be paid to you within the calendar year that includes the date of distribution of any corresponding
regular cash dividends paid by GS Inc. in respect of a Share the record date for which occurs on or after the Date of Grant. The payment shall be in an amount (less applicable withholding) equal to such regular dividend payment as would have been
made in respect of the Shares underlying such Outstanding Fixed Allowance RSUs. 
 (g) The timing of delivery or payment referred to in the
first sentence of Paragraph 9(g) shall be the earlier of (i) the Delivery Date or (ii) a date that is within the calendar year in which the Committee receives satisfactory documentation relating to your Conflicted Employment, provided that
such delivery or payment shall be made only at such time as, and if and to the extent that it, as reasonably determined by the Firm, would not result in the imposition of any additional tax to you under Section 409A. In addition, any other
actions the Committee may take with respect to Outstanding Fixed Allowance RSUs to cure any actual or perceived conflict of interest shall be taken only at such time as, and if and to the extent that, it, as reasonably determined by the Firm, would
not result in the imposition of any additional tax to you under Section 409A. 
 (h) Paragraph 10 and Section 3.4 of the Plan shall
not apply to Awards that are 409A deferred compensation. 

  
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 (i) Delivery of Shares in respect of any Award may be made, if and to the extent elected by the
Committee, later than the Delivery Date or other date or period specified hereinabove (but, in the case of any Award that constitutes 409A deferred compensation, only to the extent that the later delivery is permitted under Section 409A). 

(j) The Grantee understands and agrees that the Grantee is solely responsible for the payment of any taxes and penalties due pursuant to
Section 409A. 
 16. Compliance of Award Agreement and Plan with Section 457A. To the extent the Committee or the SIP
Committee determines that (i) Section 457A of the Code or any guidance promulgated thereunder (“Section 457A”) requires that, in order to qualify for the short-term deferral exception from treatment as “deferred
compensation” under Section 457A(d)(3)(B) of the Code, the documents governing an Award must specify that such Award will be delivered within the period set forth in Section 457A(d)(3)(B) of the Code and (ii) all or any portion
of this Award is or becomes subject to Section 457A, this Award Agreement will be deemed to be amended as of the Date of Grant (as the Committee or the SIP Committee determines necessary or appropriate after consultation with counsel) to
provide that delivery of Fixed Allowance RSUs will occur no later than 12 months after the end of the taxable year in which the right to delivery is first no longer subject to a substantial risk of forfeiture (as defined under Section 457A);
provided, however, that no action or modification will be permitted to the extent that such action or modification would cause such Award to fail to satisfy the conditions of an applicable exception from the requirements of Section 409A or
otherwise would result in an additional tax imposed under Section 409A in respect of such Award. 
 17. 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:

  
 - 11 -EX-10.53

 Exhibit 10.53 

THE GOLDMAN SACHS GROUP, INC. 

CLAWBACK POLICY 
  

	1.	Purpose 

 The Goldman Sachs Group, Inc. (“GS Group”) is establishing this clawback
policy (this “Policy”) to appropriately align the interests of managers and other employees of GS Group and its subsidiaries and affiliates (together, the “Firm) with those of the Firm and to promote the safety and soundness of the
Firm by providing incentives that appropriately balance risk and reward. 
 This Policy has been approved by the Compensation Committee of the Board of
Directors of GS Group (the “Committee”) and is effective as of January 1, 2015. 
  

	2.	Administration 

 This Policy shall be administered by the Committee, which shall have authority in
its sole discretion to (a) exercise all of the powers granted to it under this Policy, (b) construe, interpret and implement this Policy, (c) prescribe, amend and rescind rules and regulations relating to this Policy, including rules
governing its own operations, (d) make all determinations necessary or advisable in administering this Policy, (e) correct any defect, supply any omission and reconcile any inconsistency in this Policy, and (f) amend this Policy to
reflect changes in applicable law (whether or not the rights of any employee may be adversely affected). Determinations of the Committee relating to this Policy shall be final, binding and conclusive. 

The Committee may allocate among its members and delegate to any person who is not a member of the Committee or to any administrative group within the Firm,
including the SIP Committee (which administers The Goldman Sachs Amended and Restated Stock Incentive Plan (2013), as may be amended from time to time (the “SIP”)), any of its powers, responsibilities or duties under this Policy. 

 

	3.	Scope 

  

	 	(A)	Individuals Subject to this Policy 

 This Policy shall apply to all of the
individuals who from time to time are considered “senior executive officers” of GS Group at the time of grant of variable compensation described in 3(B), below (e.g., Chief Executive Officer, Chief Operating Officer, Chief
Financial Officer or Vice Chairman). In addition, if and to the extent determined by the Committee in its sole discretion, this Policy may apply in whole or in part to such other individual or individuals, including, without limitation, individuals
considered “covered employees” under the Interagency Guidance on Sound Incentive Compensation Policies, as the Committee may deem appropriate. Each such individual who is covered by this Policy from time to time shall be considered a
“Covered Individual” for purposes of this Policy. 
  

	 	(B)	Covered Compensation/Additional Covered Amounts 

 This Policy (and the Covered
Events described below) shall apply to any variable compensation awarded on or after January 1, 2015 in whatever form to any Covered Individual for a year in which the person was a Covered Individual (collectively, such compensation described
in this Paragraph 3(B) is referred to herein as “Covered Compensation”), if and to the extent provided in any plan, program, arrangement or agreement relating to such variable compensation (a “Governing

  
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Agreement”); provided, however, with respect to a Covered Event described in Paragraph 4(A) of this Policy, this Policy (and such Covered Event) shall apply solely to Covered
Compensation received during the 12-month period (“12-Month Period”) described in Section 304(a)(1) of the Sarbanes- Oxley Act of 2002, as amended (“Sarbanes-Oxley”) and shall additionally apply to any other amounts as may
be described herein that are realized during such 12-Month Period, in each case to the same extent that would be required had the person been a “chief executive officer” or “chief financial officer” of GS Group as determined
under Sarbanes-Oxley (“Additional Covered Amounts”). 
  

	4.	Covered Events 

 The following events shall constitute Covered Events for purposes of this Policy:

  

	 	(A)	Material Restatement 

 If GS Group is required to prepare an accounting
restatement due to GS Group’s material noncompliance, as a result of misconduct, with any financial reporting requirement under the securities laws described in Section 304 of Sarbanes-Oxley. 

 

	 	(B)	Engaging in Conduct Constituting Cause 

 If a Covered Individual engaged in
conduct constituting “Cause” as described in the SIP. 
  

	 	(C)	Failure to Appropriately Consider Risk 

 If a Covered Individual participated (or
otherwise oversaw or was responsible for, depending on the circumstances, another individual’s participation) in the structuring or marketing of any product or service, or participation on behalf of the Firm, or any of the Firm’s clients
in the purchase or sale of any security or other property, in any case without appropriate consideration of the risk to the Firm or the broader financial system as a whole (for example, where the Covered Individual has improperly analyzed such risk
or where the Covered Individual has failed sufficiently to raise concerns about such risk) and, as a result of such action or omission, it is determined that there has been, or reasonably could be expected to be, a material adverse impact on the
Firm, the Covered Individual’s business unit or the broader financial system. 
  

	 	(D)	Other Applicable Forfeiture Events 

 If any other event occurs or if there is any
act or omission by a Covered Individual, in each case which, pursuant to any Governing Agreement, may result in the forfeiture of any amount of Covered Compensation or the repayment to the Firm of any amount of Covered Compensation previously paid
or delivered to the Covered Individual. 
  

	5.	Right to Claw Back 

 Upon the Occurrence of a Covered Event (as defined above) and subject to the
proviso to Paragraph 3(B), if and to the extent provided in any Governing Agreement, a Covered Individual may: (a) forfeit any unvested or vested Covered Compensation previously awarded, but not yet paid or delivered, (b) be required
to repay any Covered Compensation previously paid or delivered, or (c) with respect to a Covered Event described in Paragraph 4(A) of this Policy, be required to repay any Additional Covered Amounts. In determining the appropriate action
to take, the Committee may consider such factors as it deems appropriate, including, without limitation, the requirements of applicable law; the extent to which the individual participated in or otherwise bore responsibility for the Covered Event;
the extent to which the individual’s current variable compensation or other current compensatory award may or may not have 

  
 2 

 
been adjusted for the year in which the Covered Event occurred or may or may not have been impacted had the Committee known about the Covered Event; and the extent to which any award agreement or
other applicable agreement or arrangement with the Covered Individual specifically provides for any consequence upon the occurrence of the Covered Event. This Policy is not intended to expand, contract or otherwise modify the Firm’s or a
Covered Individual’s rights and/or obligations with respect to any Covered Compensation under any applicable Governing Agreement. 
  

	6.	Disclosure 

 Unless and until rules or regulations related to clawback disclosure are promulgated
by the Securities and Exchange Commission, the Federal Reserve Board or any other applicable regulatory body, if the Committee determines that a Covered Event occurred that is subsequently disclosed by GS Group in a public filing required under the
Securities Exchange Act of 1934, as amended (a “Disclosed Covered Event”), GS Group will disclose in the proxy statement relating to the year in which such determination is made (a) if any amount is clawed back from a current or
former executive officer of GS Group holding the position of Vice Chairman or higher as a result of the Disclosed Covered Event, the aggregate amount clawed back from the executive officer, or (b) if no amount is clawed back from the executive
officer as a result of the Disclosed Covered Event, the fact that no amount was clawed back. 
  

	7.	Policy Not Exclusive 

 Nothing in this Policy will limit or restrict the Firm from providing for
forfeiture or repayment of any amount of a variable compensation or any other amount under circumstances not described herein (which, to the extent material in the case of “named executive officers” within the meaning of
Item 402(a)(3) of Regulation S-K under the Securities Act of 1933, will be described in GS Group’s applicable proxy statement). Nothing in this Policy will limit in any respect the Firm’s right to take or not to take any action
with respect to any Covered Individual’s or any other person’s employment. 
  

	8.	Amendment or Termination 

 The Committee may amend, modify or terminate this Policy in whole or in
part at any time and from time to time in its sole discretion. 

  
 3

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