Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 35 contracts
Samples: Phantom Unit Agreement (MorningStar Partners, L.P.), Phantom Unit Agreement (MorningStar Partners, L.P.), Termination Agreement and Mutual Release
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the terms of the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 11 contracts
Samples: Phantom Unit Award Agreement (MPLX Lp), Phantom Unit Award Agreement (MPLX Lp), Performance Phantom Unit Agreement (Andeavor Logistics Lp)
Partnership Agreement. Units issued upon payment of the Phantom Units under the Award shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 6 contracts
Samples: 2020 Ltip Grant Award Agreement (Summit Midstream Partners, LP), 2023 Ltip Grant Award Agreement (Summit Midstream Partners, LP), Ltip Grant Award Agreement (Summit Midstream Partners, LP)
Partnership Agreement. Units issued upon payment of the Vested Equity-Settled Phantom Units shall be subject to the terms of the Plan Program and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 2 contracts
Samples: Equity Settled Phantom Unit Agreement (Mid-Con Energy Partners, LP), Equity Settled Phantom Unit Agreement (Mid-Con Energy Partners, LP)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the terms of the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (ia) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (iib) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 2 contracts
Samples: Phantom Unit Agreement (Emerge Energy Services LP), Phantom Unit Agreement (Emerge Energy Services LP)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her the Participant’s part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 2 contracts
Samples: Phantom Unit Agreement (Mach Natural Resources Lp), Phantom Unit Agreement (Mach Natural Resources Lp)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan Program and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 1 contract
Samples: Phantom Unit Agreement (Mid-Con Energy Partners, LP)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, bound by the terms of the Partnership AgreementAgreement applicable to holders of the Partnership’s Units.
Appears in 1 contract
Samples: Phantom Unit Award Agreement (America First Multifamily Investors, L.P.)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the terms of the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his DC\1432231.6 or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 1 contract
Samples: Performance Phantom Unit Agreement (Tesoro Logistics Lp)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan Program and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as {1992824;3} 3 of 6 defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 1 contract
Samples: Equity Settled Phantom Unit Agreement (Mid-Con Energy Partners, LP)
Partnership Agreement. Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.
Appears in 1 contract
Samples: Phantom Unit Agreement (USA Compression Partners, LP)