Distribution Equivalents Sample Clauses


Distribution Equivalents. The Performance Share Units held by the Grantee on a distribution payment date will not be credited with distribution equivalents at such time as distributions, whether in the form of cash, Shares or other property, are paid with respect to the Shares. However, if the performance goals set forth on Appendix A cease to apply to the vesting of any of the Performance Share Units as provided in clause (ii) of the last sentence of Section 2(g), below, then, from and after such cessation, any such Performance Share Units held by the Grantee on a distribution payment date will be credited with distribution equivalents at such time as distributions, whether in the form of cash, Shares or other property, are paid with respect to the Shares. Any such distribution equivalents shall be paid on the distribution payment date to the Grantee as though such Performance Share Units were outstanding Shares.


Distribution Equivalents. The Participant will have the right to receive an amount in cash equal to (i) the amount of any distribution paid with respect to a Common Unit multiplied by (ii) the number of Restricted Units held by the Participant, at the time such distributions are paid to holders of Common Units.

Distribution Equivalents. The Committee may grant Distribution Equivalents in connection with Phantom Units, under such terms and conditions as the Committee deems appropriate. Distribution Equivalents may be paid to Participants currently or may be deferred. All Distribution Equivalents that are not paid currently shall be credited to bookkeeping accounts on the Companys records for purposes of the Plan. Distribution Equivalents may be accrued as a cash obligation, or may converted to additional Phantom Units for the Participant, and deferred Distribution Equivalents may accrue interest, all as determined by the Committee. The Committee may provide that Distribution Equivalents shall be payable based on the achievement of specific performance goals. Distribution Equivalents may be payable in cash or Units or in a combination of the two, as determined by the Committee.

Distribution Equivalents. If and when distributions are paid with respect to the Common Units while the Performance Awards are outstanding, the dollar amount or fair market value of such distributions with respect to the number of Common Units then underlying the Performance Awards shall be converted into additional Performance Awards in Grantees name, based on the Fair Market Value of the Common Units as of the date such distributions were payable, and such additional Performance Awards shall be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Awards with respect to which they relate.

Distribution Equivalents. On or before the earlier of the ninetieth (90th) day following the date of occurrence of such Change in Control or the day that is two and one-half (2- 1/2) months following the end of the calendar year in which occurs the date of such Change in Control, the Participant will be paid an amount in cash equal to the value of the applicable DERs on the number of Units being paid pursuant to Section 1.6(a) hereof, for the time period immediately preceding the Change in Control.

Distribution Equivalents. If the Phantom Units are outstanding on the record date for distributions with respect to the Common Units, then (a) if such distributions are paid on or before the Conversion Date, the dollar amount or fair market value of such distributions with respect to the number of Common Units then underlying the Phantom Units shall be converted into additional Phantom Units in Grantees name, based on the Fair Market Value of the Common Units as of the date such distributions are paid, or (b) if such distributions are paid after the Conversion Date, Grantee shall receive a cash payment in respect of such distributions. Any additional Phantom Units pursuant to this Section 3 shall be subject to the same restrictions and conditions as apply to the Phantom Units with respect to which they relate.

Distribution Equivalents. The Participant will have the right to receive an amount equal to (i) the amount of any distribution paid with respect to a Common Share multiplied by (ii) the number of Restricted Units held by the Participant, at the time such distributions are paid to holders of Common Shares.


Distribution Equivalents. As soon as possible after each quarterly distribution date, TEPPCO shall credit to each Participants Deferred Compensation Account, a monetary amount (Distribution Equivalents) equal to the product of:

Distribution Equivalents. The Committee may make such provisions with respect to payment or crediting of distribution equivalents on awards of Performance Share Units or Restricted Stock Units as it shall deem appropriate, with such provisions to be reflected in the applicable grant letters, provided, however that such distribution equivalents shall be subject to the Performance Criteria.

Distribution Equivalents. If the Administrator provides, a grant of Restricted Share Units may provide a Participant with the right to receive Distribution Equivalents. Distribution Equivalents may be paid currently or credited to an account for the Participant, settled in cash or Shares and subject to the same restrictions on transferability and forfeitability as the Restricted Share Units with respect to which the Distribution Equivalents are granted and subject to other terms and conditions as set forth in the Award Agreement.