Common use of Partnership Group Clause in Contracts

Partnership Group. The Partnership agrees to issue and sell to the General Partners or any of their Affiliates any Partnership Securities that the General Partners or such Affiliates are obligated to provide to any employees pursuant to any such employee benefit plans, employee programs or employee practices. Expenses incurred by the General Partners in connection with any such plans, programs and practices (including the net cost to the General Partners or such Affiliates of Partnership Securities purchased by the General Partners or such Affiliates from the Partnership to fulfill options or awards under such plans, programs and practices) shall be reimbursed in accordance with Section 7.4(b). Any and all obligations of the General Partners under any employee benefit plans, employee programs or employee practices adopted by the Managing General Partner as permitted by this Section 7.4(c) shall constitute obligations of the General Partners hereunder and shall be assumed by any successor General Partner approved pursuant to Section 11.1, 11.2 or 11.4 or the transferee of or successor to all of the Managing General Partner’s General Partner Interest or the Special General Partner’s General Partner Interest pursuant to Section 4.6.

Partnership Group. The Partnership agrees to issue and sell to the General Partners Partner or any of their its Affiliates any Partnership Securities Interests that the General Partners Partner or such Affiliates are obligated to provide to any employees officers, employees, consultants and directors pursuant to any such employee benefit plans, employee programs or employee practices. Expenses incurred by the General Partners Partner in connection with any such plans, programs and practices (including the net cost to the General Partners Partner or such Affiliates of Partnership Securities Interests purchased by the General Partners Partner or such Affiliates from the Partnership to fulfill options or awards under such plans, programs and practices) shall be reimbursed in accordance with Section 7.4(b). Any and all obligations of the General Partners Partner under any employee benefit plans, employee programs or employee practices adopted by the Managing General Partner as permitted by this Section 7.4(c) shall constitute obligations of the General Partners Partner hereunder and shall be assumed by any successor General Partner approved pursuant to Section 11.1, 11.1 or Section 11.2 or 11.4 or the transferee of or successor to all of the Managing General Partner’s General Partner Interest or the Special General Partner’s (represented by General Partner Interest Units) pursuant to Section 4.6.