Common use of Grant of Restricted Units Clause in Contracts

Grant of Restricted Units. The Compensation Committee (the “Committee”) of the Board of Directors of NuStar GP, LLC (the “Company”) hereby grants to Participant the number of Restricted Units under the Plan communicated to the Participant by the Participant’s manager. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.

Grant of Restricted Units. The Compensation Committee Board of Directors (referred to for purposes of this Agreement and the Plan as the “Committee”) of the Board of Directors of NuStar GP, LLC (the “Company”) hereby grants to Participant the number of [NUMBER OF UNITS] Restricted Units under the Plan communicated to the Participant by the Participant’s managerPlan. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.

Grant of Restricted Units. The Compensation Committee Board of Directors (referred to for purposes of this Agreement and the Plan as the “Committee”) of the Board of Directors of NuStar GP, LLC (the “Company”) hereby grants to Participant the number of 7,714 Restricted Units under the Plan communicated to the Participant by the Participant’s managerPlan. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.

Grant of Restricted Units. The Compensation Committee (the “Committee”) of the Board of Directors of NuStar GP, LLC (the “Company”) hereby grants to Participant the number of Restricted Units under the Plan communicated to the Participant by in the ParticipantCompany’s managerWorkday application. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.

Grant of Restricted Units. The Compensation Committee of the Board of Directors of the Company (the “Committee”) of the Board of Directors of NuStar GP, LLC (the “Company”) hereby grants to Participant the number of [insert #] Restricted Units under the Plan communicated to the Participant by the Participant’s managerPlan. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.NuStar Energy L.P.

Grant of Restricted Units. The Compensation Committee of the Board of Directors of the Company (the “Committee”) of the Board of Directors of NuStar GP, LLC (the “Company”) hereby grants to Participant the number of [INSERT #] Restricted Units under the Plan communicated to the Participant by the Participant’s managerPlan. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.NuStar Energy L.P.

Grant of Restricted Units. The Compensation Committee (the “Committee”) of the Board of Directors of NuStar GP, LLC the Company (the “CompanyCommittee”) hereby grants to Participant the number of Restricted Units under the Plan communicated to the Participant by the Participant’s manager. A “Restricted Unit” is an unfunded, unsecured contractual right (commonly referred to as a “phantom unit”) which, upon vesting, entitles Participant to receive a Unit of the Partnership.NuStar Energy L.P.