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Description of
Non-Employee Director Compensation
For
fiscal 2008, the compensation for the non-employee directors of The
Goldman Sachs Group, Inc. (Group Inc.) consisted of:
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a
$75,000 annual retainer awarded on December 17, 2008 as 953
fully vested restricted stock units (RSUs) to each non-employee
director of Group Inc., other than Lakshmi N. Mittal, who became a
director in late June 2008 and received a prorated retainer of
$37,500 as 477 fully vested RSUs, and Edward M. Liddy, who resigned
as a director in early October 2008 and received a prorated
cash retainer of $62,500;
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a
$25,000 committee chair fee awarded on December 17, 2008 as
318 fully vested RSUs to each committee chair, other than Stephen
Friedman, who became Chair of the Audit Committee in early
October 2008 and received a prorated committee chair fee of
$4,167 as 53 fully vested RSUs, and Mr. Liddy, who resigned as
Chair of the Audit Committee in early October 2008 and
received a prorated cash committee chair fee of $20,833;
and
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the
following grants awarded on December 17, 2008:
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2,900 fully vested RSUs for each of
Claes Dahlbäck, Mr. Friedman, William W. George, Lois D.
Juliber and Ruth J. Simmons;
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1,450 fully vested RSUs and 5,800
fully vested stock options (Options) for John H. Bryan and James A.
Johnson;
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11,600 fully vested
Option
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