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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: Number of Phantom Units: ______ Phantom Units Grant Date: __________ Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 20___and the remaining 40% on December 5, 20___, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.

Appears in 1 contract

Samples: Employee Phantom Unit Agreement (USA Compression Partners, LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2013 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% in equal installments on each of the Phantom Units vesting on March 31, 2013, June 30, 2013, September 30, 2013 and December 531, 20___and the remaining 40% on December 5, 20___2013, subject in each case to the Participant continuing in Service through the applicable vesting such date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b).

Appears in 1 contract

Samples: Phantom Unit Agreement (USA Compression Partners, LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ Phantom Units Grant Date: [________] Grant Date: [__ _______], 2011 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60100% of the Phantom Units vesting shall vest on December 5, 20___and the remaining 40% on December 5, 20___one-year anniversary of the date of grant (the “Grant Date”), subject in each case to the Participant continuing in Service through the applicable vesting date; provided that Participant’s continued service as an Employee, Director or Consultant. In addition, the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.

Appears in 1 contract

Samples: Phantom Unit Agreement (Tesoro Logistics Lp)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2013 Vesting of Phantom Units: Phantom Units shall vest incrementally in three equal annual installments, with 60% the first installment vesting upon the one year anniversary of the Phantom Units vesting on December 5, 20___and the remaining 40% on December 5, 20___Grant Date, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b).

Appears in 1 contract

Samples: Phantom Unit Agreement (USA Compression Partners, LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ Phantom Units Grant Date: __________ Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 20___and 20__ and the remaining 40% on December 5, 20___, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.

Appears in 1 contract

Samples: Phantom Unit Agreement (USA Compression Partners, LP)

GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ [ ] Phantom Units Grant Date: __________ [ ], 2013 Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% upon the one year anniversary of the Phantom Units vesting on December 5, 20___and the remaining 40% on December 5, 20___Grant Date, subject in each case to the Participant continuing in Service through the applicable vesting such date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below4(b).

Appears in 1 contract

Samples: Phantom Unit Agreement (USA Compression Partners, LP)