Common use of Phantom Units Clause in Contracts

Phantom Units. As of the Effective Date, Executive shall receive an initial grant (the “2010 Phantom Units”) of 15,000 phantom units (“Phantom Units”) pursuant to the LTIP. The terms and conditions of the 2010 Phantom Units are set forth in Appendix C hereto. Executive shall receive an additional grant of 15,000 phantom common units of Parent on an annual basis in connection with each anniversary of the Effective Date during the Employment Period, the terms and conditions of such grant to be substantially the same as those described in Appendix C for the 2010 Phantom Units.

Phantom Units. As of the Effective Datedate of this agreement, Executive shall receive an initial grant (the “2010 Phantom Units”) of 15,000 12,500 phantom units (“Phantom Units”) pursuant to the LTIP. The terms and conditions of the 2010 Phantom Units are set forth in Appendix C hereto. Executive shall receive an additional grant of 15,000 12,500 phantom common units of Parent on an annual basis in connection with each anniversary of the Effective Date during the Employment Period, the terms and conditions of such grant to be substantially the same as those described in Appendix C for the 2010 Phantom Units.