Additional Award. Upon Executive providing proof from his former employer that, as a result of his resignation from such employer, Executive has forfeited any portion of the benefits he had accrued under his former employer’s Executive Retirement Plan, Supplemental Retirement Plan or Supplemental Savings Plan, the Board will grant to Executive up to an additional 7,500 Restricted Units under the LTIP effective as of April 1, 2008, under the same terms and conditions of this Agreement and Attachment A. The total number of Restricted Units granted pursuant to this Section 2(b)(ix) shall be equal to (a) 7,500, multiplied by (b) a percentage derived by dividing the dollar amount forfeited by Executive at the date of his termination by $225,000.
Appears in 2 contracts
Sources: Executive Employment Agreement (Regency Energy Partners LP), Executive Employment Agreement (Regency Energy Partners LP)