Page 41 - 3D Application - A.Israel, J.Fiacco, W.Field
P. 41
August 23, 2019
William Field
500 Walnut St, Unit #2100
Philadelphia, Pennsylvania 19106
United States of America
Dear William:
We are pleased to offer you an Analyst position in the Investment Banking/Corporate Finance Division of Gold-
man Sachs. People are the key to our business, and we are excited that you will be part of our team. We are
confident that Goldman Sachs will provide an excellent environment for your professional development and suc-
cess. This letter will confirm certain terms and conditions of our offer of employment.
For tracking purposes, your analyst tenure will be tracked with the class of 2020. We would like your decision
on our offer no later than two weeks from the date of this offer letter.
Your annual salary will be on the 15th and last day of each month at the rate of $85,000 per annum, less ap-
plicable deductions. If a payday falls on a Saturday, Sunday or firm holiday, payment is generally made on the
preceding business day. In addition, if you are an active, full-time employee as of July 31, 2021, you may be
eligible to receive discretionary compensation for August 1, 2020 to July 31, 2021, and any discretionary com-
pensation awarded will be pro-rated for the actual time of your active employment during this 12-month period.
For 2021 and any subsequent year, you will not be eligible for any discretionary compensation if you leave the
firm for any reason or cease active employment before the applicable eligibility date, or if you have given or
received notice of termination more than 30 days before the applicable eligibility date. For years subsequent
to 2021, your compensation will be reviewed at least annually; each person's compensation is influenced by,
among other things, his or her performance and the firm's results. Discretionary compensation is not a part of
the salary of the employee, even if paid consistently over a period of years. In all events, eligibility for discre-
tionary compensation requires you to remain employed through the applicable eligibility date.
Consistent with other similarly compensated employees, all or part of any discretionary compensation that you
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