Common use of Phantom Units Clause in Contracts

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than 45 days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.

Appears in 8 contracts

Samples: Performance Phantom Unit Agreement (Tesoro Logistics Lp), Performance Phantom Unit Agreement (Andeavor Logistics Lp), Performance Phantom Unit Agreement (Tesoro Logistics Lp)

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Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than 45 days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s 's death, to the Participant’s 's estate) in whole Units in accordance with this Section 5.

Appears in 2 contracts

Samples: Performance Phantom Unit Agreement (Tesoro Logistics Lp), Phantom Unit Agreement (Tesoro Logistics Lp)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than 45 days, March 15 of the year following the date on year in which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.

Appears in 2 contracts

Samples: Phantom Unit Agreement (MorningStar Partners, L.P.), Phantom Unit Agreement (MorningStar Partners, L.P.)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than 45 forty-five (45) days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 55 and Section 8(l) of the Plan.

Appears in 2 contracts

Samples: Performance Vesting Agreement (Emerge Energy Services LP), Time Vesting Agreement (Emerge Energy Services LP)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than 45 forty-five (45) days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.

Appears in 1 contract

Samples: Unit Agreement (Rentech Nitrogen Partners, L.P.)

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Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practicalpractical following the vesting date, but not later than 45 twenty-five (25) days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5. The settlement of Phantom Units will be subject to all tax withholding requirements.

Appears in 1 contract

Samples: USA Compression Partners, LP

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units or in the Company’s sole discretion cash in an amount equal to the Fair Market Value of a Unit, in a lump-sum as soon as reasonably practical, but not later than 45 forty-five (45) days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units or cash in accordance with this Section 5.

Appears in 1 contract

Samples: Phantom Unit Agreement (Summit Midstream Partners, LP)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than 45 sixty (60) days, following the date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.4. {1992824;3} 2 of 6

Appears in 1 contract

Samples: Mid-Con Energy Partners, LP

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