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Common use of Maximum Units Clause in Contracts

Maximum Units. The maximum number of PPUs that will vest for the Participant in connection with this award is _____.

Appears in 2 contracts

Sources: Performance Based Phantom Unit Agreement (Delek Logistics Partners, LP), Performance Based Phantom Unit Agreement (Delek Logistics Partners, LP)

Related Clauses

  • Maximum Number of Shares
  • Default Exceeding 10% of Firm Units or Option Units
  • Maximum Payment
  • Maximum Payments
  • Maximum Share Delivery

Parent Clauses

  • Term / Duration
  • Method
  • ▇▇▇▇▇▇▇▇ Units of Benefit
  • Unit Requirement
  • Professional Growth

Sub-Clauses

  • Limited Recapture Right Upon Sale
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