Common use of Grant of Phantom Units Clause in Contracts

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Grantee Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit Unit, if earned, represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Service Provider Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit Unit, if earned, represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of UnitsService Provider [ ] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit Unit, if earned, represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”). Phantom Units represent hypothetical Units and not actual Units. The Awardee shall not have any interest in any fund or specific assets of the Partnership by reason of this Award.

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Service Provider Phantom Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or a cash in an amount payment equal to the Fair Market Value of one Unit of the Partnership on the vesting date (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of UnitsDirector [ ] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan Plan, this Agreement and this Agreementthe Time of Settlement Election Form (the “Election Form”) (if any), including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Units[ ] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of UnitsService Provider [ ] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive (a) one Unit of the Partnership and/or cash in Partnership, or (b) an amount paid in cash equal to the Fair Market Value of one Unit of the Partnership measured as of the date of vesting, as determined by the Board in its sole discretion (each, a “Phantom Unit”). For purposes of clarity, settlement of the award of Phantom Units granted under this Agreement may be completed through the delivery of cash, Units, or a combination of cash and Units, as determined by the Board in its sole discretion.

Grant of Phantom Units. The General Partner hereby grants to the Awardee Participant [Number of Units__________] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive receive, upon settlement, one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”)Partnership.

Grant of Phantom Units. The General Partner hereby grants to the Awardee Participant [Number of Units__________] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee [Number of Units[ ] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan Plan, this Agreement [and this Agreementthe Time of Settlement Election Form (the “Election Form”) (if any)], including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

Grant of Phantom Units. The General Partner hereby grants to the Awardee Participant [Number of Units[SHARESGRANTED]] Phantom Units (the “Award”)Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive receive, upon settlement, one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”)Partnership.