PHANTOM UNIT AGREEMENT (Amended and Restated as of October 27, 2015)Phantom Unit Agreement • February 25th, 2016 • Terra Nitrogen Co L P /De • Agricultural chemicals • Delaware
You currently hold an aggregate of _________ Phantom Units of Terra Nitrogen Company, L.P. (“Terra Nitrogen”) that consist of units that were originally granted to you in equal installments on each of June 1, 2005, 2006 and 2007 and additional units that were received on account of those original grants as a result of cash distributions that were made prior to the date hereof to holders of common units representing limited partner interests of Terra Nitrogen (“Common Units”). In order to address the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder as in effect from time to time (“Section 409A”), the material terms of your Phantom Units are now set forth in this agreement (the “Agreement”).
TERRA NITROGEN GP INC. NON-EMPLOYEE DIRECTOR PHANTOM UNIT AND DEFERRED COMPENSATION PLAN PHANTOM UNIT AWARD AGREEMENTUnit Award Agreement • February 25th, 2016 • Terra Nitrogen Co L P /De • Agricultural chemicals • Delaware
Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms as defined in the Terra Nitrogen GP Inc. (“TNGP”) Non-Employee Director Phantom Unit and Deferred Compensation Plan (the “Plan”). Please review this Award Agreement and promptly return a signed copy to the Corporate Secretary in order to render the grant effective.
