Right to Payment. A UAR shall confer on the Participant to whom it is granted a right to receive, upon exercise thereof, the excess of (a) the Fair Market Value of one Unit on the date of exercise over (b) the price of the UAR on the Grant Date as determined by the Committee.
Appears in 4 contracts
Samples: Long Term Incentive Plan (EnLink Midstream, LLC), Long Term Incentive Plan (EnLink Midstream, LLC), Long Term Incentive Plan (EnLink Midstream, LLC)
