Rights of Service Provider. No Units shall be issued to you at the time the grant is made, and you shall not be, nor have any of the rights and privileges of, a unitholder or limited partner of the Partnership with respect to any Phantom Units recorded in the Phantom Unit Account. You shall have no voting rights with respect to the Phantom Units.
Appears in 5 contracts
Samples: Phantom Unit Award Agreement (Natural Resource Partners Lp), Phantom Unit Award Agreement (Natural Resource Partners Lp), Phantom Unit Award Agreement (Natural Resource Partners Lp)
Rights of Service Provider. No Units shall be issued to you the Service Provider at the time the grant is made, and you the Service Provider shall not be, nor have any of the rights and privileges of, a unitholder or limited partner of the Partnership with respect to any Phantom Units recorded in the Phantom Unit Account, including the right to receive any distribution with respect to such Phantom Unit. You The Service Provider shall have no voting or distribution equivalent rights with respect to the Phantom Units.
Appears in 2 contracts
Samples: Phantom Unit Agreement (GPM Petroleum LP), Long Term Incentive Plan (GPM Petroleum LP)
Rights of Service Provider. No Units shall be issued to you the Service Provider at the time the grant is made, and you the Service Provider shall not be, nor have any of the rights and privileges of, a unitholder or limited partner of the Partnership with respect to any Phantom Units recorded in the Phantom Unit Account. You The Service Provider shall have no voting or distribution equivalent rights with respect to the Phantom Units.
Appears in 2 contracts
Samples: Long Term Incentive Plan (GPM Petroleum LP), Long Term Incentive Plan (GPM Petroleum LP)
Rights of Service Provider. No Units shall be issued to you at the time the grant is made, and you shall not be, nor have any of the rights and privileges of, a shareholder of the Company or a unitholder or limited partner of the Partnership with respect to any Phantom Units recorded in the Phantom Unit Account. You shall have no voting rights with respect to the Phantom Units.
Appears in 1 contract
Samples: Phantom Unit Award Agreement (Oasis Petroleum Inc.)
