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: , 20 Vesting of Phantom Units: One-third ( 1/3) of the Phantom Units (rounded down to the next whole number of units, except in the case of the final vesting date) shall vest on each of the first (1st), second (2nd) and third (3rd) anniversaries of the Grant Date (as specified above), subject to the Participant’s continued Service through the applicable vesting date. In addition, the Phantom Units shall be subject to accelerated vesting as set forth in Section 4(b) below.
Appears in 1 contract
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: , 20 __________ Vesting of Phantom Units: One-third ( 1/3) Phantom Units shall vest incrementally with 60% of the Phantom Units (rounded down vesting on December 5, 20___and the remaining 40% on December 5, 20___, subject in each case to the next whole number of units, except Participant continuing in the case of the final vesting date) shall vest on each of the first (1st), second (2nd) and third (3rd) anniversaries of the Grant Date (as specified above), subject to the Participant’s continued Service through the applicable vesting date. In addition, ; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4(b) 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: , 20 ________ Vesting of Phantom Units: One-third ( 1/3) Phantom Units shall vest incrementally with 60% of the Phantom Units (rounded down vesting on December 5, 20__ and the remaining 40% on December 5, 20__, subject in each case to the next whole number of units, except Participant continuing in the case of the final vesting date) shall vest on each of the first (1st), second (2nd) and third (3rd) anniversaries of the Grant Date (as specified above), subject to the Participant’s continued Service through the applicable vesting date. In addition, ; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4(b) 4 below.
Appears in 1 contract
Samples: 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: March 15, 20 2014 Vesting of Phantom Units: One-third ( 1/3) of the Phantom Units (rounded down to the next nearest whole number of units, except in the case of the final vesting date) shall vest on each of the first (1st)first, second (2nd) and third (3rd) anniversaries of the Grant Date (as specified above)Date, subject to the Participant’s continued Service as an Employee through the applicable vesting date. In addition, the Phantom Units shall be subject to accelerated vesting as set forth in Section 4(b) 4 below.
Appears in 1 contract
Samples: Phantom Unit Agreement (Summit Midstream 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: December ___, 20 2015 Vesting of Phantom Units: One-third ( 1/3) of the Phantom Units (rounded down to the next nearest whole number of units, except in the case of the final vesting date) shall vest on each of the first (1st)first, second (2nd) and third (3rd) anniversaries of the Grant Date (as specified above)Date, subject to the Participant’s continued Service as an Employee through the applicable vesting date. In addition, the Phantom Units shall be subject to accelerated vesting as set forth in Section 4(b) 4 below.
Appears in 1 contract
Samples: Phantom Unit Agreement (Summit Midstream Partners, LP)