Phantom Units. Each Phantom Unit under the Award is a notional Unit granted under Section 6.4 of the Plan, which upon vesting entitles you to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Partnership Unit.
Appears in 6 contracts
Samples: Term Incentive Plan (Rattler Midstream Lp), Phantom Unit Agreement (Viper Energy Partners LP), Phantom Unit Agreement (Rattler Midstream Lp)
Phantom Units. Each Phantom Unit under the Award is a notional Unit granted under Section 6.4 6(d) of the Plan, which upon vesting entitles you to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Partnership Unit.
Appears in 1 contract
Phantom Units. Each Phantom Unit under the Award is a notional Unit granted under Section 6.4 of the Plan, which upon vesting entitles you to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Partnership Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Administrator in its sole discretion.
Appears in 1 contract
Samples: Phantom Unit Agreement (Mammoth Energy Partners LP)
