Tax Consequences to Grantee. It is intended that: (i) until the applicable Vesting Date occurs, Grantee’s right to payment for an award under this Agreement shall be considered to be subject to a substantial risk of forfeiture in accordance with those terms as defined or referenced in Sections 83(a), 409A and 3121(v)(2) of the Code; and (ii) until the award vests on the applicable Vesting Date, Grantee shall have merely an unfunded, unsecured promise to receive such award.
Appears in 13 contracts
Samples: Restricted Stock Award Agreement (Equitrans Midstream Corp), 2023 Restricted Stock Award Agreement (Equitrans Midstream Corp), 2022 Restricted Stock Award Agreement (Equitrans Midstream Corp)
