Common use of GRANT NOTICE Clause in Contracts

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 20[ ] Vesting of Phantom Units: [Vesting terms and any accelerated vesting provisions to be provided in individual agreements] Forfeiture of Phantom Units: In the event of a termination of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such termination of Service shall thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below.

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 20[ ] Vesting of Phantom Units: [Vesting terms and any accelerated vesting provisions to To be provided specified in individual agreementsawards.] Forfeiture of Phantom Units: In the event of a termination of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such termination of Service shall thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below.

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 20[ ] Vesting of Phantom Units: [Vesting terms and any accelerated vesting provisions to be provided in individual agreements] Forfeiture of Phantom Units: In the event of a termination of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such termination of Service shall thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below.

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 20[ ] 2012 Vesting of Phantom Units: [Vesting terms and any accelerated Insert time-based vesting provisions to be provided in individual agreements] schedule]. Forfeiture of Phantom Units: In the event of a termination cessation of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such termination cessation of Service shall thereupon automatically be forfeited by the Participant without further action and for no considerationwithout payment of consideration therefor. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below.