Common use of Grant of Phantom Units Clause in Contracts

Grant of Phantom Units. The General Partner hereby grants to the Grantee Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Awardee [Number of Units] Phantom UnitsUnits (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Service Provider Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Service Provider [ ] Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Service Provider Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 45, whereby each Phantom Unit, if earned, represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”) represents the right to receive one Common Unit of the Partnership (a “Common Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Service Provider [ ] Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Awardee [ ] Phantom UnitsUnits (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Service Provider Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Awardee [ ] Phantom UnitsUnits (the “Award”), subject to all of the terms and conditions set forth in the Plan Plan, this Agreement [and in this Agreementthe Time of Settlement Election Form (the “Election Form”) (if any)], including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Service Provider Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive a cash payment equal to the Fair Market Value of one Unit of the Partnership on the vesting date (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Participant [[SHARESGRANTED]] Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive receive, upon settlement, one Unit of the Partnership (each, a “Phantom Unit”)Partnership.

Grant of Phantom Units. The General Partner hereby grants to the Grantee Awardee [Number of Units] Phantom UnitsUnits (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”). Phantom Units represent hypothetical Units and not actual Units. The Awardee shall not have any interest in any fund or specific assets of the Partnership by reason of this Award.

Grant of Phantom Units. The General Partner hereby grants to the Grantee Participant [__________] Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Grantee Participant [__________] Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive receive, upon settlement, one Unit of the Partnership (each, a “Phantom Unit”)Partnership.

Grant of Phantom Units. The General Partner hereby grants to you, effective as of the Grantee Date of Grant, Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”), subject to all of the terms and conditions set forth herein, including without limitation, those restrictions described in Section 4, and in the Plan, which Plan is incorporated hereby by reference as part of this Agreement. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings given to such terms in the Plan, unless the context requires otherwise.

Grant of Phantom Units. The General Partner hereby grants to the Grantee Director [ ] Phantom UnitsUnits (the “Award”), subject to all of the terms and conditions set forth in the Plan Plan, this Agreement and in this Agreementthe Time of Settlement Election Form (the “Election Form”) (if any), including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).