Nature of the Grant. Under this Award Agreement, the Participant is subject to the following conditions on the Award: (a) this grant of Phantom Units is voluntary and occasional and this Award Agreement does not create any contractual or other right to receive future Awards of Phantom Units, or benefits in lieu of Phantom Units even if Phantom Units have been awarded repeatedly in the past.
Appears in 16 contracts
Samples: Phantom Unit Award Agreement (MPLX Lp), Phantom Unit Award Agreement (Marathon Petroleum Corp), Phantom Unit Award Agreement (Marathon Petroleum Corp)
Nature of the Grant. Under this Award Agreement, the Participant is subject to the following conditions on the Award:
(a) condition that this grant Award of Phantom Units is voluntary and occasional and this Award Agreement does not create any contractual or other right to receive future Awards of Phantom Units, or benefits in lieu of Phantom Units even if Phantom Units have been awarded repeatedly in the past.
Appears in 14 contracts
Samples: Phantom Unit Award Agreement (Marathon Petroleum Corp), Phantom Unit Award Agreement (MPLX Lp), Phantom Unit Award Agreement (Marathon Petroleum Corp)
Nature of the Grant. Under this Award Agreement, the Participant is subject to the following conditions on the Award:
(a) this grant of Phantom Units is voluntary and occasional and this Award Agreement does not create any contractual or other right to receive future Awards of Phantom Units, or benefits in lieu of Phantom Units even if Phantom Units have been awarded repeatedly in the past; and
(b) Participant is not an employee of the Company or the Partnership, and this Award of Phantom Units is granted in connection with service as an officer of MPC to the benefit of the Company and the Partnership.
Appears in 2 contracts
Samples: Phantom Unit Award Agreement (Marathon Petroleum Corp), Phantom Unit Award Agreement (MPLX Lp)
