Restricted Unit Award. This Agreement and the Notice of Restricted Unit Award and Agreement dated February [__], 2014, a copy of which is attached hereto and incorporated herein by reference, establish the terms and conditions for the Company’s grant of an Award of «No_of_Restricted_Units» Restricted Units (the “Award”) to the Grantee pursuant to the Plan. This Agreement, when executed by the Grantee, constitutes an agreement between the Company and the Grantee. Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Plan.
Restricted Unit Award. Subject to the terms and conditions of the Plan and this Agreement, the General Partner hereby grants to the Participant Restricted Units, which shall vest and become nonforfeitable in accordance with Section 3 below.
Restricted Unit Award. The Company hereby grants to Executive this award (the “Award”), effective as of ______________, 20____ (the “Date of Grant”), which is an award of ___________ restricted Units, subject to the terms and conditions set forth herein and in the Plan, including, without limitation, those restrictions described in Section 2 (the “Restricted Units”). The Award is specifically made subject to the execution by Executive of this Agreement.
Restricted Unit Award. This instrument and that certain Restricted Unit Stock Bonus Award and Agreement, dated February 18, 2010, a copy of which is attached hereto and incorporated herein by reference (the “Notice of Restricted Unit Stock Bonus Award and Agreement”) constitute evidence of the issuance and grant of a Stock Bonus Award (hereinafter referred to as "Award") to the Grantee by the Corporation under the Plan pursuant to which shares of the Corporation's Common Stock (hereinafter referred to as "Common Stock") shall be distributed in the future to the Grantee in lieu of, or as a supplement to, any other compensation that may have been earned by services rendered prior to the date the distribution is made, pursuant to and in accordance with the terms of this instrument under which the Corporation grants a Stock Bonus Award under the Plan that shall include and is to be awarded by the grant restricted stock units (hereinafter referred to a "Restricted Units) under the Plan in the amount of «No_of_Restricted_Units» Restricted Units that shall entitle the Grantee to receive shares of Common Stock all subject to the terms, provisions, and conditions of this instrument (including, without limitation, the restrictions stated in paragraph 5, below) and of the Plan, which are incorporated herein by reference. This instrument, when executed by the Grantee, together with the Notice of Restricted Unit Stock Bonus Award and Agreement constitute an agreement between the Corporation and the Grantee. Notwithstanding the foregoing, should there be any inconsistency between the provisions of this instrument and the terms of the Award stated in the resolutions and records of the Board of Directors of the Corporation, or the Plan, the provisions of such resolutions and records and of the Plan shall control. The grant of Restricted Units to the Grantee and the Grantee’s entitlement to receive and be issued shares of Common Stock shall be effective in the manner and to the extent provided in this instrument and the Plan as to all or any part of the shares of Common Stock subject to the grant from time to time during the period stated herein.
Restricted Unit Award. On the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth and specified in the Plan, the Company hereby awards to Employee, and Employee hereby accepts, a restricted Unit award (the “Award”) of __________ Units (the “Restricted Units”). The Award is made effective as of ________________________ (the “Effective Date”). The Restricted Units shall be issued in book-entry or unit certificate form in the name of Employee as of the Effective Date. The Restricted Units shall be held by the Company in escrow for Employee’s benefit until such time as the Restricted Units are either forfeited by Employee to the Company or the restrictions thereon terminate as set forth in this Agreement. Employee shall not retain physical custody of any certificates representing Restricted Units until such time as the restrictions on such Restricted Units terminate as set forth in this Agreement. Employee, by acceptance of the Award, shall be deemed to appoint, and does so appoint, the Company and each of its authorized representatives as Employee’s attorney(s)-in-fact to effect any transfer of forfeited Restricted Units to the Company as may be required pursuant to the Plan or this Agreement, and to execute such representations or other documents or assurances as the Company or such representatives deem necessary or advisable in connection with any such transfer. To the extent allowable by applicable law, the Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Restricted Units in escrow while acting in good faith in the exercise of its judgment.
Restricted Unit Award. This instrument and that certain Notice of Restricted Unit Award and Agreement, dated January 19, 2006, a copy of which is attached hereto and incorporated herein by reference (the “Notice of Restricted Unit Award and Agreement”) constitute evidence of the issuance and grant of a Restricted Unit Award to the Grantee by the Corporation under the Plan of «No_of_Restricted_Units» Restricted Units that shall entitle the Grantee to receive shares of the Corporation’s Common Stock (hereinafter referred to as “Common Stock”) all subject to the terms, provisions, and conditions of this instrument (including, without limitation, the restrictions stated in paragraph 5, below) and of the Plan, which are incorporated herein by reference (hereinafter referred to as “Award”). This instrument, when executed by the Grantee, together with the Notice of Restricted Unit Award and Agreement constitute an agreement between the Corporation and the Grantee. Notwithstanding the foregoing, should there be any inconsistency between the provisions of this instrument and the terms of the Award stated in the resolutions and records of the Board of Directors of the Corporation, or the Plan, the provisions of such resolutions and records and of the Plan shall control. The grant of Restricted Units to the Grantee shall be effective in the manner and to the extent provided in this instrument and the Plan as to all or any part of the shares of Common Stock subject to the grant from time to time during the period stated herein.
Restricted Unit Award. The Participant is hereby allocated Units (the “Units”) subject to the restrictions and on the terms and conditions set forth in this Agreement (the “Award”). Each Unit shall represent the right to receive one (1) common share of beneficial interest, par value $0.001 per share, of the Company (the “Common Shares”). The number of Units subject to this Award and the number of Common Shares deliverable with respect to such Units may be adjusted from time to time for capitalization adjustments as described in Section 4.2 of the Plan.
Restricted Unit Award. This Agreement and the Notice of Restricted Unit Award and Agreement dated February [__], 2014, a copy of which is attached hereto and incorporated herein by reference, establish the terms and conditions for the Company’s grant of an Award of «No_of_Restricted_Units» Restricted Units (the “Award”) to the Grantee pursuant to the Plan. This Award replaces all Restricted Units that ONEOK previously awarded to Grantee on February 20, 2013. This Agreement, when executed by the Grantee, constitutes an agreement between the Company and the Grantee. Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Plan.
Restricted Unit Award. As soon as practicable after the date hereof, the Company shall grant Executive a restricted unit award with a current notional value of $875,000 based on the value of membership units of TJ Chemical Holdings LLC, as determined by the Board. Each “Restricted Unit” will be the equivalent of one notional membership unit of TJ Chemical Holdings LLC. Executive shall not have any beneficial ownership in the notional membership units underlying the Restricted Units and the grant of Restricted Units shall represent an unsecured promise to deliver membership units of TJ Chemical Holdings LLC (either directly or through membership units of KRATON Management LLC) on a future date. Twenty percent of the Restricted Units shall vest on each anniversary of the grant date, provided that Executive remains employed with the Company through the applicable vesting date. Except as provided in the next succeeding sentence, upon termination of employment for any reason all unvested Restricted Units shall immediately and automatically be forfeited. In the event of a Change in Control, if the Executive’s employment is terminated without Cause or for Good Reason during the two year period immediately following the date of the Change in Control, all unvested Restricted Units shall become immediately vested. Distribution of membership units representing the portion of vested Restricted Units shall occur as soon as practicable after the earlier of a Change in Control or termination of Executive’s employment, provided that following a Change in Control, unvested Restricted Units shall remain outstanding and continue to vest as provided above until the Executive’s employment terminates.
Restricted Unit Award. On the Effective Date, Executive shall receive a one-time award of 70,753 restricted units pursuant to the Company’s form Restricted Unit Agreement for officers attached hereto as Exhibit B.
