Common use of Dividend Equivalent Awards Clause in Contracts

Dividend Equivalent Awards. The following shall apply to Dividend Equivalents granted under the Plan to Employees and Consultants of the Operating Company: a. The Company shall make any payments to an Employee or Consultant of the Operating Company under the terms of the Dividend Equivalent award, provided that the Operating Company shall reimburse the Company for such amounts and deduct such amounts as compensation. In order to effectuate the foregoing, in addition to the Operating Company’s distributions to the Company with respect to Common Units held by the Company, the Operating Company shall make an additional payment to the Company in the amount of this reimbursement, which shall not be treated as a partnership distribution. The Company and the Operating Company shall treat such payments as having been made by the Operating Company (and not by the Company to such Employee or Consultant of the Operating Company), and the Operating Company shall report such payments as compensation to such Employee or Consultant of the Operating Company for all purposes.

Dividend Equivalent Awards. The following shall apply With respect to Dividend Equivalents (as defined in the Plan) granted under the Plan to Employees and Consultants of Operating Company Service Providers, the Operating Company: a. The Company Corporation shall make any payments to an Employee or Consultant of the Operating Company Service Provider under the terms of the Dividend Equivalent award, provided that the Operating Company (or, if the Operating Company Service Provider is an employee or other service provider of a Subsidiary of the Operating Company, such Subsidiary of the Operating Company) shall reimburse the Company Corporation for such amounts and deduct such amounts as compensation. In order to effectuate the foregoing, in addition to the Operating Company’s (or the applicable Subsidiary’s) distributions to the Company Corporation with respect to Class A Common Units held by the CompanyCorporation, the Operating Company (or the applicable Subsidiary) shall make an additional payment to the Company Corporation in the amount of this reimbursement, which shall not be treated as a partnership distribution. The Company and the Operating Company Such payments shall treat such payments be treated as having been made by the Operating Company (or the applicable Subsidiary), and not by the Company Corporation, to such Employee or Consultant of the Operating Company)Company Service Provider, and the Operating Company (or the applicable Subsidiary) shall report such payments as compensation to such Employee or Consultant of the Operating Company Service Provider for all purposes.

Dividend Equivalent Awards. The following shall apply With respect to Dividend Equivalents (as defined in the Plan) granted under the Plan to Employees and Consultants of Operating Company Service Providers, the Operating Company: a. The Company Corporation shall make any payments to an Employee or Consultant of the Operating Company Service Provider under the terms of the Dividend Equivalent award, provided that the Operating Company (or, if the Operating Company Service Provider is an employee or other service provider of a Subsidiary of the Operating Company, such Subsidiary of the Operating Company) shall reimburse the Company Corporation for such amounts and deduct such amounts as compensation. In order to effectuate the foregoing, in addition to the Operating Company’s (or the applicable Subsidiary’s) distributions to the Company Corporation with respect to Common Units held by the CompanyCorporation, the Operating Company (or the applicable Subsidiary) shall make an additional payment to the Company Corporation in the amount of this reimbursement, which shall not be treated as a partnership distribution. The Company and the Operating Company Such payments shall treat such payments be treated as having been made by the Operating Company (or the applicable Subsidiary), and not by the Company Corporation, to such Employee or Consultant of the Operating Company)Company Service Provider, and the Operating Company (or the applicable Subsidiary) shall report such payments as compensation to such Employee or Consultant of the Operating Company Service Provider for all purposes.