Distribution Equivalent Right (. “Distribution Equivalent Right” or “DER” means a contingent right, granted alone or in tandem with a specific Award (other than a Restricted Unit, Option or UAR) under Section 12.2, to receive with respect to each Unit subject to the Award an amount in cash, Units and/or Restricted Incentive Units, as determined by the Committee in its sole discretion, equal in value to the distributions made by the Company with respect to a Unit during the period such Award is outstanding.
Appears in 4 contracts
Samples: Long Term Incentive Plan (EnLink Midstream, LLC), Long Term Incentive Plan (EnLink Midstream, LLC), Long Term Incentive Plan (EnLink Midstream, LLC)
