Common use of Phantom Unit Account Clause in Contracts

Phantom Unit Account. Phantom Units represent hypothetical Units and not actual Units. The General Partner shall establish and maintain a bookkeeping account on its records for the Awardee (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number of Phantom Units granted to the Awardee and (b) the amount deliverable to the Awardee at settlement on account of Phantom Units that have vested. The Awardee shall not have any interest in any fund or specific assets of the Partnership by reason of this Award or the Phantom Unit Account established for the Awardee.

Phantom Unit Account. Phantom Units represent hypothetical notional Units and not actual Units. The General Partner shall establish and maintain a bookkeeping account on its records for the Awardee Participant (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number of Phantom Units granted to the Awardee Participant and (b) the amount deliverable to the Awardee Participant at settlement on account of Phantom Units that have vestedvested in accordance with Section 4. The Awardee Participant shall not have any interest in any fund or specific assets of the Partnership by reason of this Award or the Phantom Unit Account established for the AwardeeParticipant.

Phantom Unit Account. Phantom Units represent hypothetical Units and not actual Units. The General Partner Partnership shall establish and maintain a bookkeeping account on its records for the Awardee Participant (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number of Phantom Units granted to the Awardee Participant and (b) the amount deliverable to the Awardee Participant at settlement on account of Phantom Units that have vested. The Awardee Participant shall not have any interest in any fund or specific assets of the Partnership by reason of this Award or the Phantom Unit Account established for the AwardeeParticipant.

Phantom Unit Account. Phantom Units represent hypothetical Units and not actual Units. The General Partner shall establish and maintain a bookkeeping account on its records for the Awardee Director (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number of Phantom Units granted to the Awardee Director and (b) the amount deliverable to the Awardee Director at settlement on account of Phantom Units that have vested. The Awardee Director shall not have any interest in any fund or specific assets of the Partnership by reason of this Award or the Phantom Unit Account established for the AwardeeDirector.

Phantom Unit Account. Phantom Units represent hypothetical notional Units and not actual Units. The General Partner shall establish and maintain a bookkeeping account on its records for the Awardee Participant (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number Target Amount of Phantom Units granted to the Awardee Participant and (b) the amount deliverable to the Awardee Participant at settlement on account of Phantom Units that have vested. The Awardee vested in accordance with Section 4 and the methodology set forth in Annex A. Participant shall not have any interest in any fund or specific assets of the Partnership by reason of this Award or the Phantom Unit Account established for the AwardeeParticipant.

Phantom Unit Account. Phantom Units represent hypothetical Units and not actual Units. The General Partner Company shall establish and maintain a bookkeeping account on its records for the Awardee Participant (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number of Phantom Units granted to the Awardee Participant and (b) the amount deliverable to the Awardee Participant at settlement on account of Phantom Units that have vested. The Awardee Participant shall not have any interest in any fund or specific assets of the Company or the Partnership by reason of this Award or the Phantom Unit Account established for the AwardeeParticipant.