Common use of Subdivision or Consolidation of Units Clause in Contracts

Subdivision or Consolidation of Units. The terms of this Award shall be subject to adjustment from time to time, in accordance with the following provisions: (i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a unit split, by the issuance of a dividend on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then the number of shares of Phantom Units specified in Section 1 above shall be increased proportionately. (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, reverse unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, the number of shares of Phantom Units specified in Section 1 above shall be decreased proportionately. (iii) Whenever the number of shares of Units subject to this Award are required to be adjusted as provided in this Section 6(b), the Committee shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Units specified in Section 1 above after giving effect to the adjustments. The Committee shall promptly give the Executive such a notice. (iv) Adjustments under Sections 6(b)(i) and (ii) shall be made by the Committee, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive.

Subdivision or Consolidation of Units. The terms of this Award shall be subject to adjustment from time to time, in accordance with the following provisions: (i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a unit split, by the issuance of a dividend on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then the number of shares of Phantom Restricted Units specified in Section 1 above shall be increased proportionately. (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, reverse unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, the number of shares of Phantom Restricted Units specified in Section 1 above shall be decreased proportionately. (iii) Whenever the number of shares of Units subject to this Award are required to be adjusted as provided in this Section 6(b7(b), the Committee shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Restricted Units specified in Section 1 above after giving effect to the adjustments. The Committee shall promptly give the Executive such a notice. (iv) Adjustments under Sections 6(b)(i7(b)(i) and (ii) shall be made by the Committee, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive.

Subdivision or Consolidation of Units. The terms of this Award shall be subject to adjustment from time to time, in accordance with the following provisions: (i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a unit split, by the issuance of a dividend on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then the number of shares of Phantom Units specified in Section 1 above shall be increased proportionately. (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, reverse unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, the number of shares of Phantom Units specified in Section 1 above shall be decreased proportionately. (iii) Whenever the number of shares of Units subject to this Award are required to be adjusted as provided in this Section 6(b5(b), the Committee shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Units specified in Section 1 above after giving effect to the adjustments. The Committee shall promptly give the Executive such a notice. (iv) Adjustments under Sections 6(b)(i5(b)(i) and (ii) shall be made by the Committee, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive.

Subdivision or Consolidation of Units. The terms of this Award shall be subject to adjustment from time to time, in accordance with the following provisions: (i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a unit split, by the issuance of a dividend on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then the number of shares of Phantom Restricted Units specified in Section 1 above shall be increased proportionately. (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, reverse unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, the number of shares of Phantom Restricted Units specified in Section 1 above shall be decreased proportionately. (iii) Whenever the number of shares of Units subject to this Award are required to be adjusted as provided in this Section 6(b), the Committee shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Restricted Units specified in Section 1 above after giving effect to the adjustments. The Committee shall promptly give the Executive such a notice. (iv) Adjustments under Sections 6(b)(i) and (ii) shall be made by the Committee, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive.

Subdivision or Consolidation of Units. The terms of this Award shall be subject to adjustment from time to time, in accordance with the following provisions: (i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a unit split, by the issuance of a dividend on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then the number of shares of Phantom Restricted Units specified in Section 1 above shall be increased proportionately. (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, reverse unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, the number of shares of Phantom Restricted Units specified in Section 1 above shall be decreased proportionately. (iii) Whenever the number of shares of Units subject to this Award are required to be adjusted as provided in this Section 6(b), the Committee Company shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Restricted Units specified in Section 1 above after giving effect to the adjustments. The Committee Company shall promptly give the Executive such a notice. (iv) Adjustments under Sections 6(b)(i) and (ii) shall be made by the CommitteeCompany, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive.

Subdivision or Consolidation of Units. The terms of this Award shall be subject to adjustment from time to time, in accordance with the following provisions: (i) If at any time, or from time to time, the Company shall subdivide as a whole (by reclassification, by a unit split, by the issuance of a dividend on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then the number of shares of Phantom Units specified in Section 1 above shall be increased proportionately. (ii) If at any time, or from time to time, the Company shall consolidate as a whole (by reclassification, reverse unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, the number of shares of Phantom Units specified in Section 1 above shall be decreased proportionately. (iii) Whenever the number of shares of Units subject to this Award are required to be adjusted as provided in this Section 6(b), the Committee Company shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Units specified in Section 1 above after giving effect to the adjustments. The Committee Company shall promptly give the Executive such a notice. (iv) Adjustments under Sections 6(b)(i) and (ii) shall be made by the CommitteeCompany, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive.

Subdivision or Consolidation of Units. The terms of this Award the Agreement and the Phantom Units granted thereunder shall be subject to adjustment from time to time, in accordance with the following provisions: (i) a. If at any time, or from time to time, the Company Partnership shall subdivide as a whole (by reclassification, by a unit Unit split, by the issuance of a dividend distribution on Units payable in Units, or otherwise) the number of shares of Units then outstanding into a greater number of shares of Units, then or in the event the Partnership distributes an extraordinary cash dividend, then, as appropriate, the number of shares Units (or other kind of Phantom Units specified in Section 1 above securities) that may be acquired under the Award shall be increased proportionately. (ii) b. If at any time, or from time to time, the Company Partnership shall consolidate as a whole (by reclassification, by reverse unit Unit split, or otherwise) the number of shares of Units then outstanding into a lesser number of shares of Units, then, as appropriate, the number of shares Units (or other kind of Phantom Units specified in Section 1 above securities) that may be acquired under the Award shall be decreased proportionately. (iii) c. Whenever the number of shares of Units subject to this the Award are is required to be adjusted as provided in this Section 6(b)1, the Committee shall promptly prepare and deliver to the Executive a notice setting forth, in reasonable detail, the event requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the change in the number of shares of Phantom Units specified in Section 1 above Units, other securities, cash, or property subject to the Award after giving effect to the adjustments. The Committee shall promptly give provide the Executive Participant with such a notice. (iv) d. Adjustments under Sections 6(b)(i) and (ii) this Section 1 shall be made by the Committee, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive. No fractional interest shall be issued under the Agreement on account of any such adjustments.