Common use of Award of Restricted Units Clause in Contracts

Award of Restricted Units. The Company will grant to Executive Restricted Units ("Initial Award Units") in an amount determined by dividing $600,000 by the initial offering price of a limited partnership interest in Genesis MLP, pursuant to the Company's Restricted Unit Plan, in accordance with the terms thereof, promptly upon the adoption of such plan by the Board of Directors of the Company. The Initial Award Units shall vest in accordance with terms of the Restricted Unit Plan.

Appears in 4 contracts

Samples: Employment Agreement (Genesis Energy Lp), Employment Agreement (Genesis Energy Lp), Employment Agreement (Genesis Energy Lp)

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Award of Restricted Units. The Company will grant to Executive Restricted Units ("Initial Award Units") in an amount determined by dividing $600,000 200,000 by the initial offering price of a limited partnership interest in Genesis MLP, pursuant to the Company's Restricted Unit Plan, in accordance with the terms thereof, promptly upon the adoption of such plan by the Board of Directors of the Company. The Initial Award Units shall vest in accordance with terms of the Restricted Unit Plan.

Appears in 2 contracts

Samples: Employment Agreement (Genesis Energy Lp), Employment Agreement (Genesis Energy Lp)

Award of Restricted Units. The Company will grant to Executive Restricted Units ("Initial Award Units") in an amount determined by dividing $600,000 300,000 by the initial offering price of a limited partnership interest in Genesis MLP, pursuant to the Company's Restricted Unit Plan, in accordance with the terms thereof, promptly upon the adoption of such plan by the Board of Directors of the Company. The Initial Award Units shall vest in accordance with terms of the Restricted Unit Plan.

Appears in 1 contract

Samples: Employment Agreement (Genesis Energy Lp)

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Award of Restricted Units. The Company will grant to Executive Restricted Units ("Initial Award Units") in an amount determined by dividing $600,000 by the initial offering price of a limited partnership interest in Genesis MLP, pursuant to the Company's Restricted Unit Plan, in accordance with the terms thereof, promptly upon the adoption of such plan by the Board of Directors of the Company. The Initial Award Units shall vest in accordance with terms of the Restricted Unit Plan.Board

Appears in 1 contract

Samples: Employment Agreement (Genesis Energy Lp)

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