Common use of Restricted Units Clause in Contracts

Restricted Units. As of the Effective Date, the Employee will receive a restricted Unit award in the amount of 50,000 Units of Linn Energy, which shall be awarded under the terms of the Incentive Plan, and subject to a service-based vesting schedule and such other terms and conditions set forth in the applicable restricted unit agreement.

Appears in 3 contracts

Samples: Employment Agreement (Linn Energy, LLC), Employment Agreement (Linn Energy, LLC), Employment Agreement (Linn Energy, LLC)

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Restricted Units. As of the Effective Date, the Employee will receive a restricted Unit award in the amount of 50,000 30,000 Units of Linn Energy, which shall be awarded under the terms of the Incentive Plan, and subject to a service-based vesting schedule and such other terms and conditions set forth in the applicable restricted unit agreement.

Appears in 1 contract

Samples: Employment Agreement (Linn Energy, LLC)

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Restricted Units. As of the Effective Date, the Employee will receive a restricted Unit award in the amount of 50,000 20,000 Units of Linn Energy, which shall be awarded under the terms of the Incentive Plan, and subject to a serviceperformance-based 3-year vesting schedule and such other terms and conditions set forth in the applicable restricted unit agreement.

Appears in 1 contract

Samples: Employment Agreement (Linn Energy, LLC)

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