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Common use of Plan Limit Clause in Contracts

Plan Limit. Notwithstanding the foregoing, to the extent that the Company determines that the distribution of Units in settlement of the RPUs (together with the issuance of Units subject to then outstanding Unit-settled Awards) would result in the issuance of Units in excess of the limit on the number of Units available for issuance under the Plan, the RPUs shall be settled in cash in accordance with the terms hereof.

Appears in 9 contracts

Samples: Restricted Phantom Unit Agreement (Breitburn Energy Partners LP), Restricted Phantom Unit Agreement (Breitburn Energy Partners LP), Restricted Phantom Unit Agreement (Breitburn Energy Partners LP)