Common use of Payment of Phantom Units Clause in Contracts

Payment of Phantom Units. To be eligible to receive payment of the Phantom Units at the end of the Restricted Period, the Participant must be employed by the Company or its Affiliates at the end of the Restricted Period, or must have terminated employment during the Restricted Period due to Retirement, death, or Disability. Subject to legal or contractual obligations, the Company will deliver to the Participant, or the Participant's legal representative, as soon as practicable after the final Determination of Payout Levels by the Committee, the value of the Phantom Units equal in value to the number of Phantom Units less the number of Phantom Units required to cover minimum tax withholding requirements. The number of Phantom Units required to cover minimum tax withholding will be based on the closing price of the Units at the end of the Restricted Period.

Payment of Phantom Units. To be eligible to receive payment of the Phantom Units at the end of the Restricted Period, the Participant must be employed by the Company or its Affiliates at the end of the Restricted Period, or must have terminated employment during the Restricted Period due to Retirement, death, or Disability. Subject to legal or contractual obligations, the Company will deliver to the Participant, or the Participant's ’s legal representative, as soon as practicable after the final Determination of Payout Levels by the Committee, the value of the Phantom Units equal in value to the number of Phantom Units less the number of Phantom Units required to cover minimum tax withholding requirements. The number of Phantom Units required to cover minimum tax withholding will be based on the closing price of the Units at the end of the Restricted Period.

Payment of Phantom Units. To be eligible to receive payment of the Phantom Units at the end of the Restricted Period, the Participant must be employed by the Company or its Affiliates at the end of the Restricted Period, or must have terminated employment during the Restricted Period due to Retirement, death, or Disability. Subject to legal or contractual obligations, the Company will deliver to the Participant, or the Participant's ’s legal representative, as soon as practicable after the final Determination of Payout Levels by the Committee, the value a number of the Phantom Units equal in value to the number of Phantom Units calculated pursuant to Paragraph 8 less the number of Phantom Units required to cover minimum tax withholding requirements. The number of Phantom Units required to cover minimum tax withholding will be based on the closing price of the Units at the end of the Restricted Period.

Payment of Phantom Units. To be eligible to receive payment of the Phantom Units at the end of the Restricted Period, the Participant must be employed by the Company or its Affiliates at the end of the Restricted Period, or must have terminated employment during the Restricted Period due to Retirement, deathDeath, or Disability. Subject to legal or contractual obligations, the The Company will deliver to the Participant, or the Participant's ’s legal representative, as soon as practicable after the final Determination of Payout Levels Performance Metrics have been approved by the Committee, the value of the Phantom Units in such form or forms as the Company shall determine, including cash or Units equal in value to the number of Phantom Units less the number of Phantom Units required to cover minimum tax withholding requirements. The number of Phantom Units required to cover minimum tax withholding will be based on the closing price of the Units at the end of the Restricted Period.