Common use of Distribution Equivalent Rights Clause in Contracts

Distribution Equivalent Rights. Restricted Units are granted hereunder in tandem with an equal number of distribution equivalent rights (“DERs”). A DER is a right to receive an amount in cash from the Partnership or its designee equal to the distributions made by the Partnership with respect to a Unit during the period that begins on the Grant Date and ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to this Agreement or the Plan.

Distribution Equivalent Rights. Restricted Units are granted hereunder in tandem with an equal number of distribution equivalent rights (“DERs”). A DER is a right to receive an amount in cash from the Partnership Company or its designee equal to the distributions made by the Partnership NuStar Energy L.P. with respect to a Unit during the period that begins on the Grant Date and ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to this Agreement or the Plan.

Distribution Equivalent Rights. The Restricted Units subject to the Converted Awards are granted hereunder in tandem with an equal number of distribution equivalent rights (“DERs”). A DER is a right to receive an amount in cash from the Partnership or its designee equal to the distributions made by the Partnership with respect to a Unit during Partnership Unit, which was declared by the period that begins Partnership with a record date on or after the Grant Date Effective Time and ends upon before the vesting of the tandem Restricted Unit or its forfeiture pursuant to this Agreement or the Plan.

Distribution Equivalent Rights. Restricted Units are granted hereunder in tandem with an equal number 0.40 of a distribution equivalent rights right (“DERs”)) for each Restricted Unit covered by this Award. A DER is a right to receive an amount in cash from the Partnership or its designee equal to the distributions made by the Partnership with respect to a Unit during the period that begins on the Grant Date and ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to this Agreement or the Plan.

Distribution Equivalent Rights. Restricted Units are granted hereunder in tandem with an equal number 0.50 of a distribution equivalent rights right (“DERs”)) for each Restricted Unit covered by this Award. A DER is a right to receive an amount in cash from the Partnership or its designee equal to the distributions made by the Partnership with respect to a Unit during the period that begins on the Grant Date and ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to this Agreement or the Plan.

Distribution Equivalent Rights. Restricted Units are granted hereunder in tandem with an equal number 0.55 of a distribution equivalent rights right (“DERs”)) for each Restricted Unit covered by this Award. A DER is a right to receive an amount in cash from the Partnership or its designee equal to the distributions made by the Partnership with respect to a Unit during the period that begins on the Grant Date and ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to this Agreement or the Plan.