Common use of Phantom Units Clause in Contracts

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than March 15 of the year following the year in which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.

Appears in 2 contracts

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

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than March 15 of the year forty-five (45) days, following the year in date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 55 and Section 8(l) of the Plan.

Appears in 2 contracts

Sources: Phantom Unit Agreement (Emerge Energy Services LP), Phantom Unit Agreement (Emerge Energy Services LP)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than March 15 of the year 45 days, following the year in date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s 's death, to the Participant’s 's estate) in whole Units in accordance with this Section 5.

Appears in 2 contracts

Sources: Performance Phantom Unit Agreement (Tesoro Logistics Lp), Performance Phantom Unit Agreement (Tesoro Logistics Lp)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practicalpractical following the vesting date, but not later than March 15 of the year twenty-five (25) days, following the year in date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5. The settlement of Phantom Units will be subject to all tax withholding requirements.

Appears in 1 contract

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

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than March 15 of the year sixty (60) days, following the year in date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.4. {1992824;3} 2 of 6

Appears in 1 contract

Sources: Equity Settled Phantom Unit Agreement (Mid-Con Energy Partners, LP)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-sum as soon as reasonably practical, but not later than March 15 of the year forty-five (45) days, following the year in date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.

Appears in 1 contract

Sources: Phantom Unit Agreement (Rentech Nitrogen Partners, L.P.)

Phantom Units. Unpaid, vested Phantom Units shall be paid to the Participant in the form of Units in a lump-lump sum as soon as reasonably practical, but not later than March 15 of the year forty-five (45) days, following the year in date on which such Phantom Units vest. Payments of any Phantom Units that vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s death, to the Participant’s estate) in whole Units in accordance with this Section 5.. In lieu of the foregoing, the Committee may elect in its discretion to pay the Phantom

Appears in 1 contract

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