Common use of Vesting and Forfeiture of Phantom Units Clause in Contracts

Vesting and Forfeiture of Phantom Units. (a) The Phantom Units shall vest in three cumulative annual installments, as follows:

Appears in 18 contracts

Samples: Phantom Unit Award Agreement (MPLX Lp), Phantom Unit Award Agreement (Andeavor Logistics Lp), Award Agreement (MPLX Lp)

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Vesting and Forfeiture of Phantom Units. (a) The Subject to paragraph 3, the Phantom Units shall vest in three cumulative annual installments, as follows:

Appears in 6 contracts

Samples: Phantom Unit Award Agreement (MPLX Lp), Phantom Unit Award Agreement (MPLX Lp), Phantom Unit Award Agreement (Marathon Petroleum Corp)

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