Payment in Cash. In the event that the Company elects to make payment of the RPUs in cash, the amount payable in cash for the RPU shall be equal to the Fair Market Value of a Unit on the date that such RPUs vest under this Agreement.
Appears in 5 contracts
Samples: Restricted Phantom Unit Agreement (Breitburn Energy Partners LP), Restricted Phantom Unit Agreement (Breitburn Energy Partners LP), Restricted Phantom Unit Agreement (Breitburn Energy Partners LP)
Payment in Cash. In the event that the Company elects to make payment of the RPUs in cash, the amount payable in cash for the each vested RPU shall be equal to the Fair Market Value of a Unit on the date that such RPUs vest under this Agreement; provided, however, that in no event shall the amount payable for each such RPU be less than $0.50 per RPU.
Appears in 2 contracts
Samples: Restricted Phantom Unit Agreement (Breitburn Energy Partners LP), Restricted Phantom Unit Agreement (Breitburn Energy Partners LP)
Payment in Cash. In the event that the Company elects to make payment of the RPUs in cash, the amount payable in cash for the each vested RPU shall be equal to the Fair Market Value of a Unit on the date that such RPUs vest under this Agreement.
Appears in 2 contracts
Samples: Restricted Phantom Unit Agreement (Breitburn Energy Partners LP), Restricted Phantom Unit Agreement (Breitburn Energy Partners LP)
