Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Phantom Units granted pursuant to this Agreement will expire and the Phantom Units will become nonforfeitable as set forth in the Notice of Grant, provided that you remain an employee of the Company and its subsidiaries until the applicable dates and times set forth therein. Phantom Units that have become vested and non-forfeitable as provided in this Agreement are referred to herein as “Vested.”
Appears in 5 contracts
Samples: Phantom Unit Agreement (Holly Energy Partners Lp), Phantom Unit Agreement (Holly Energy Partners Lp), Phantom Unit Agreement (Holly Energy Partners Lp)
Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Phantom Units granted pursuant to this Agreement will expire and the Phantom Units will become nonforfeitable as set forth in the Notice of Grant, provided that you remain an employee a member of the Company and its subsidiaries Board until the applicable dates and times set forth therein. Phantom Units that have become vested and non-forfeitable as provided in this Agreement are referred to herein as “Vested.”
Appears in 3 contracts
Samples: Phantom Unit Agreement (Holly Energy Partners Lp), Phantom Unit Agreement (Holly Energy Partners Lp), Phantom Unit Agreement (Holly Energy Partners Lp)
Expiration of Restrictions and Risk of Forfeiture. The restrictions on the Phantom Units granted pursuant to this Agreement will expire and the Phantom Units will become nonforfeitable as set forth in the Notice of Grant, provided that you remain an employee of the Company and its Company, the Partnership or any of their subsidiaries until the applicable dates and times set forth therein. Phantom Units that have become vested and non-forfeitable as provided in this Agreement are referred to herein as “Vested.”
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