Common use of Grant of Phantom Units Clause in Contracts

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Grantee Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit Unit, if earned, represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of UnitsService Provider [ ] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit Unit, if earned, represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Service Provider Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit Unit, if earned, represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Service Provider Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 45, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”) represents the right to receive one Common Unit of the Partnership (a “Common Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee Participant [Number of Units__________] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive receive, upon settlement, one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”)Partnership.

Grant of Phantom Units. The General Partner hereby grants to the Awardee Participant [Number of Units[SHARESGRANTED]] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive receive, upon settlement, one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”)Partnership.

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of UnitsService Provider [ ] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee Participant [Number of Units__________] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Service Provider Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or a cash in an amount payment equal to the Fair Market Value of one Unit of the Partnership on the vesting date (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to you, effective as of the Awardee [Number Date of UnitsGrant, [ ] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and this Agreement, including without limitation, those restrictions described in Section 4Units, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”), subject to all of the terms and conditions set forth herein, including without limitation, those restrictions described in Section 4, and in the Plan, which Plan is incorporated hereby by reference as part of this Agreement. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings given to such terms in the Plan, unless the context requires otherwise.

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Units] Phantom Units (the “Award”)you, subject to all effective as of the terms and conditions set forth in the Plan and this AgreementDate of Grant, including without limitation, those restrictions described in Section 4Phantom Units, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”), subject to all of the terms and conditions set forth herein, including without limitation, those restrictions described in Section 4, and in the Plan, which Plan is incorporated hereby by reference as part of this Agreement. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings given to such terms in the Plan, unless the context requires otherwise.

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Service Provider Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).