The awards can shrink or grow depending on whether the firm achieves a 10% average return on equity and 7% average increase in book value per share.
Goldman's plan gives the board’s compensation committee, led by former Fannie Mae CEO James A. Johnson, the power to change the awards to so-called named executive officers, or NEOs.
'Our compensation committee may also, in its sole discretion based on its assessment of an individual NEO’s performance, adjust the amounts that may be paid under this award', according to the filing, which says the committee can give from zero to 150% of the amount due.
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