Common use of Phantom Unit Account Clause in Contracts

Phantom Unit Account. The Company shall establish and maintain a Phantom Unit account, as a bookkeeping account on its records (the “Phantom Unit Account”), for the Participant and shall record in such Phantom Unit Account the number of Phantom Units granted to the Participant pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Employer by reason of this grant or the Phantom Unit Account established for the Participant.

Appears in 5 contracts

Samples: Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.)

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Phantom Unit Account. The Company shall establish and maintain a Phantom Unit account, as a bookkeeping account on its records (the “Phantom Unit Account”), for the Participant and shall record in such Phantom Unit Account the number of Phantom Deferral Units and Matching Units granted to the Participant pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Employer by reason of this grant or the Phantom Unit Account established for the Participant.

Appears in 4 contracts

Samples: Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.)

Phantom Unit Account. The Company shall establish and maintain a Phantom Unit account, as a bookkeeping account on its records (the “Phantom Unit Account”), for the Participant and shall record in such Phantom Unit Account the number of Phantom Units granted to the Participant pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Employer Service Recipient by reason of this grant or the Phantom Unit Account established for the Participant.

Appears in 4 contracts

Samples: Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.)

Phantom Unit Account. The Company Partnership shall establish and maintain a Restricted Phantom Unit account, as a bookkeeping account on its records records, (the "Phantom Restricted Unit Account”), ") for the Participant and shall record in such Phantom Restricted Unit Account the number of Phantom Restricted Units granted to the Participant pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Employer Partnership by reason of this grant or the Phantom Restricted Unit Account established for the Participant.

Appears in 2 contracts

Samples: Phantom Unit Grant Agreement (Atlas Pipeline Holdings, L.P.), Phantom Unit Grant Agreement (Atlas Pipeline Holdings, L.P.)

Phantom Unit Account. The Company shall establish and maintain a Phantom Unit account, as a bookkeeping account on its records for you (the a “Phantom Unit Account”), for the Participant ) and shall record in such Phantom Unit Account Account: (a) the number of Phantom Units granted to you, (b) the Participant pursuant amount deliverable to this Agreementyou at settlement on account of Phantom Units that have vested and (c) the amount of any distribution equivalent rights credited to you in accordance with Section 4 hereof. The Participant You shall not have any interest in any fund or specific assets of the Employer Company or the Partnership by reason of this grant Award or the Phantom Unit Account established for the Participantyou.

Appears in 1 contract

Samples: Phantom Unit Award Agreement (Oasis Petroleum Inc.)

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Phantom Unit Account. The Company Partnership shall establish and maintain a Restricted Phantom Unit account, as a bookkeeping account on its records records, (the “Phantom Restricted Unit Account”), ) for the Participant and shall record in such Phantom Restricted Unit Account the number of Phantom Restricted Units granted to the Participant pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Employer Partnership by reason of this grant or the Phantom Restricted Unit Account established for the Participant.

Appears in 1 contract

Samples: Phantom Unit Grant Agreement (Atlas Pipeline Holdings, L.P.)

Phantom Unit Account. The Company Partnership shall establish and maintain a Phantom Unit account, as a bookkeeping account on its records records, (the “Phantom Unit Account”), ) for the Participant and shall record in such Phantom Unit Account the number of Phantom Units granted to the Participant pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Employer Partnership by reason of this grant or the Phantom Unit Account established for the Participant.

Appears in 1 contract

Samples: Phantom Unit Grant Agreement (Atlas Resource Partners, L.P.)

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