SEC Contract Filing

Filing Date: 2024-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>4
<FILENAME>cg20231231ex1032formofrest.htm
<DESCRIPTION>EX-10.32
<TEXT>
<html><head><title>CG 2023.12.31 10-K EX10.32 Form of Restrictive Covenant</title></head><body><div style="background-color: #E4E4E4; font-family: Arial, Sans Serif; word-wrap: break-word;"><div style="--position: absolute; background-color: #FFFFFF; border: 1px solid #CCCC; content-visibility: auto; float: none; font-size: 0; height: 841.68pt; margin: 10px auto 10px auto; overflow: hidden; padding: 0; position: relative; width: 594.72pt;"><div><div id="ia8c03651b82b4cd9a7479a2973f8a666_1" style="position: absolute; top: 72pt;"></div><div style="line-height: 8.32pt; position: absolute; top: 84pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre;">&#91;DATE&#93;<font style="display: inline-block; height: 8.32pt;"></font></font></div><div style="line-height: 8.32pt; position: absolute; top: 108pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre;">&#91;NAME&#93;<font style="display: inline-block; height: 8.32pt;"></font></font></div><div style="line-height: 8.32pt; position: absolute; text-align: justify; text-align-last: justify; top: 132pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre; width: 72.91pt;">Dear &#91;NAME&#93;&#58;<font style="display: inline-block; height: 8.32pt;"></font></font></div><div style="line-height: 8.33pt; position: absolute; text-align: justify; text-align-last: justify; top: 156pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre; width: 208.51pt;">As described in this letter agreement (this &#8220;<font style="display: inline-block; height: 8.33pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: italic; font-weight: normal; left: 280.51pt; position: absolute; white-space: pre; width: 51.94pt;">Agreement<font style="display: inline-block; height: 8.33pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 332.45pt; position: absolute; white-space: pre; width: 189.47pt;">&#8221;), effective as of &#91;__&#93;, in consideration<font style="display: inline-block; height: 8.33pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 521.9200000000001pt; position: absolute; white-space: pre; width: 3pt;"> <font style="display: inline-block; height: 8.33pt;"></font></font></div><div style="line-height: 8.32pt; position: absolute; text-align: justify; text-align-last: justify; top: 168pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre; width: 449.89pt;">of, as applicable&#58; (a) your receipt of any base salary increase&#59; (b) any promotion in your title<font style="display: inline-block; height: 8.32pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 521.89pt; position: absolute; white-space: pre; width: 3pt;"> <font style="display: inline-block; height: 8.32pt;"></font></font></div><div style="line-height: 8.32pt; position: absolute; text-align: justify; text-align-last: justify; top: 180pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre; width: 449.99pt;">or role&#59; (c) your eligibility for and receipt of any incentive compensation, including, but not<font style="display: inline-block; height: 8.32pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 521.99pt; position: absolute; white-space: pre; width: 3pt;"> <font style="display: inline-block; height: 8.32pt;"></font></font></div><div style="line-height: 8.32pt; position: absolute; text-align: justify; text-align-last: justify; top: 192pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre; width: 450pt;">limited to, any year-end discretionary bonus&#59; (d) your continued employment with The<font style="display: inline-block; height: 8.32pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 522pt; position: absolute; white-space: pre; width: 3pt;"> <font style="display: inline-block; height: 8.32pt;"></font></font></div><div style="line-height: 8.33pt; position: absolute; text-align: justify; text-align-last: justify; top: 204pt; width: 594.72pt;"><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 72pt; position: absolute; white-space: pre; width: 324.7pt;">Carlyle Group Employee Co., L.L.C. (together with its affiliates, &#8220;<font style="display: inline-block; height: 8.33pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: italic; font-weight: normal; left: 396.7pt; position: absolute; white-space: pre; width: 35.96pt;">Carlyle<font style="display: inline-block; height: 8.33pt;"></font></font><font style="font-family: Times New Roman; font-size: 12pt; font-style: normal; font-weight: normal; left: 432.66pt; position: absolute; white-space: pre; width: 89.34pt;">&#8221;)&#59; and&#47;or (e) your<font style="display: inline-block; height: 8.33pt;"></font></font><font style="font-family: Times New