Common use of GRANT NOTICE Clause in Contracts

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 2013 Vesting of Phantom Units: [Insert time-based vesting schedule]. Forfeiture of Phantom Units: In the event of a cessation of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such cessation of Service shall, subject to Section 4(b) below, thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in Section 5 below. DERs: Each Phantom Unit granted under this Agreement shall be issued in tandem with a corresponding dividend equivalent right, or DER, which shall entitle the Participant to receive payments in an amount equal to Partnership distributions in accordance with Section 3 below.

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [___________] Number of Phantom Units: [ [____] Phantom Units Grant Date: [ [________], 2013 20[__] Vesting of Phantom Units: [Insert time-based vesting schedule]. To be specified in individual awards.] Forfeiture of Phantom Units: In the event of a cessation termination of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such cessation termination of Service shall, subject to Section 4(b) below, shall thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below. DERs: Each Phantom Unit granted under this Agreement shall be issued in tandem with a corresponding dividend equivalent right, or DER, DER each of which shall entitle the Participant to receive payments in an amount equal to Partnership distributions with respect to a Unit in accordance with Section 3 below.

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 2013 Vesting of Phantom Units: [Insert time-based vesting schedule]The Phantom Units will vest in accordance with the provisions of Exhibit A attached hereto. Forfeiture of Phantom Units: In the event of a cessation termination of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such cessation termination of Service shall, subject to Section 4(b) below, thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in Section 5 below. DERs: Each Phantom Unit granted under this Agreement shall be issued in tandem with a corresponding dividend equivalent right, or DER, each of which shall entitle the Participant to receive payments in an amount equal to Partnership distributions with respect to a Unit in accordance with Section 3 below.