Common use of GRANT NOTICE Clause in Contracts

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ Phantom Units Grant Date: __________ Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.

Appears in 2 contracts

Samples: Retention Phantom Unit Agreement (USA Compression Partners, LP), Retention Phantom Unit Agreement (USA Compression Partners, LP)

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GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 20[ ] Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023, subject [To be provided in each case to the Participant continuing in Service through the applicable vesting dateindividual agreements]; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4.

Appears in 2 contracts

Samples: Long Term Incentive Plan (Hess Midstream Partners LP), Long Term Incentive Plan (Hess Midstream Partners LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2023 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% in three equal installments on each of the Phantom Units vesting on December 5, 2021 and first three anniversaries of the remaining 40% on December 5, 2023pricing date of the Partnership’s initial public offering of its common units, subject in each case to the Participant continuing in Service through the applicable vesting such date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b) and 4(c).

Appears in 1 contract

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

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2012 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.[ ]

Appears in 1 contract

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

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ] Vesting of Phantom Units: Phantom Units shall vest incrementally in three equal annual installments, with 60% of the Phantom Units first installment vesting on December 5, 2021 [ ] and the remaining 40% other two installments on December 5, 2023the next two succeeding anniversaries thereof, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b).

Appears in 1 contract

Samples: Employee Phantom Unit Agreement (USA Compression Partners, LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom UnitsParticipant: ______ Phantom Units Grant Date: [__________ __] Number of Phantom Units: [____] Phantom Units Grant Date: [________], 20[__] Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023, subject [To be provided in each case to the Participant continuing in Service through the applicable vesting dateindividual agreements]; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4.

Appears in 1 contract

Samples: Term Incentive Plan (USD Partners LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2023 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% in full on the first anniversary of the Phantom Units vesting on December 5, 2021 and pricing date of the remaining 40% on December 5, 2023Partnership’s initial public offering of its common units, subject in each case to the Participant continuing in Service through the applicable vesting such date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b) and 4(c).

Appears in 1 contract

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

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GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2013 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% upon the one year anniversary of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023Grant Date, subject in each case to the Participant continuing in Service through the applicable vesting such date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b).

Appears in 1 contract

Samples: Phantom Unit Agreement (USA Compression Partners, LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ Phantom Units Grant Date: [________] Grant Date: [__ _______], 2011 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60100% of the Phantom Units vesting shall vest on December 5, 2021 and the remaining 40% on December 5, 2023one-year anniversary of the date of grant (the “Grant Date”), subject in each case to the Participant continuing in Service through the applicable vesting date; provided that Participant’s continued service as an Employee, Director or Consultant. In addition, the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.

Appears in 1 contract

Samples: Unit Agreement (Tesoro Logistics Lp)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ Phantom Units [ ] Grant Date: __________ [ ] Vesting Commencement Date: [ ] Vesting of Phantom Units: Subject to the Participant’s continued Service as an Employee, Director or Consultant, the Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5[ ]. [In addition, 2021 and the remaining 40% on December 5, 2023, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 4(b) below.]

Appears in 1 contract

Samples: Time Vesting Agreement (Emerge Energy Services LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2013 Vesting of Phantom Units: Phantom Units shall vest incrementally in three equal annual installments, with 60% the first installment vesting upon the one year anniversary of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023Grant Date, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b).

Appears in 1 contract

Samples: Employee Phantom Unit Agreement (USA Compression Partners, LP)

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