Nature of the Grant. Under this Award Agreement, the Participant is subject to condition that this 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 (MPLX Lp), Phantom Unit Award Agreement (Marathon Petroleum Corp), Phantom Unit Award Agreement (Marathon Petroleum Corp)