Vesting of Phantom Units. Subject to the earlier expiration of this Award as herein provided, this Award may be settled in accordance with the provisions of this Agreement in accordance with the following schedule: Phantom Units that may be settled pursuant to the schedule above are “Vested Units.” Phantom Units that may not be settled pursuant to the schedule above are “Unvested Units.”
Appears in 3 contracts
Sources: Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC)