Common use of Long Term Incentive Plan Agreement and Change in Control Agreements Clause in Contracts

Long Term Incentive Plan Agreement and Change in Control Agreements. Employee acknowledges that Employee’s entry into this Agreement is a condition of the Company’s Grant of Phantom Units under the Global Partners LP Long-Term Incentive Plan and the Company’s entry into that certain Executive Change of Control Agreement. Employee acknowledges and agrees that, in entering into this Agreement, Employee is receiving new consideration to which Employee was not otherwise entitled but for Employee’s entry into this Agreement.

Appears in 5 contracts

Samples: Change of Control Agreement (Global Partners Lp), Change of Control Agreement (Global Partners Lp), Change of Control Agreement (Global Partners Lp)

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Long Term Incentive Plan Agreement and Change in Control Agreements. Employee acknowledges that Employee’s entry into this Agreement is a condition of the Company’s Grant of Phantom Units under the Global Partners LP Long-Term Incentive Plan and the Company’s entry into that certain Executive Change of Control Agreementto which this Agreement is attached. Employee acknowledges and agrees that, in entering into this Agreement, Employee is receiving new consideration to which Employee was not otherwise entitled but for Employee’s entry into this Agreement.

Appears in 1 contract

Samples: Confidentiality, Non Solicitation and Non Competition Agreement (Global Partners Lp)

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