Common use of DERs Clause in Contracts

DERs. As soon as practicable after the end of each calendar quarter during the Performance Period, the Company shall pay you in cash, with respect to each RPU, an amount equal to the DERs credited to your DER account during that calendar quarter, less any taxes the Company is required to withhold from such payment.

Appears in 2 contracts

Sources: Restricted Phantom Unit Grant Agreement (DCP Midstream, LP), Restricted Phantom Unit Grant Agreement (DCP Midstream, LP)

DERs. As soon as practicable after the end of each calendar quarter during the Performance Period, the Company shall pay you in cashyou, with respect to each RPU, an amount of cash equal to the DERs credited to your DER account during that calendar quarter, quarter less any all applicable taxes the Company is required to withhold from such paymentbe withheld therefrom.

Appears in 2 contracts

Sources: Restricted Phantom Unit Grant Agreement (DCP Midstream Partners, LP), Restricted Phantom Unit Grant Agreement (DCP Midstream Partners, LP)

DERs. As soon as administratively practicable after the end of each calendar quarter during the Performance Period, the Company shall pay you in cash, with respect to each RPU, an amount equal to the DERs credited to your DER account during that calendar quarter, less any taxes the Company is required to withhold from such payment.

Appears in 1 contract

Sources: Restricted Phantom Unit Grant Agreement (DCP Midstream, LP)