Common use of Vesting of Phantom Units Clause in Contracts

Vesting of Phantom Units. The Phantom Units are restricted in that they may be forfeited by the Grantee and in that they may not, except as otherwise provided in the Plan, be transferred or otherwise disposed of by the Grantee. Subject to the terms and conditions of this Agreement, the Phantom Units shall vest as follows: provided, however, that the Phantom Units shall vest in accordance with the foregoing provision only if the Grantee has continuously provided services to the General Partner from the Date of Grant until the date of vesting of the Phantom Units.

Vesting of Phantom Units. The Phantom Units are restricted in that they may be forfeited by the Grantee you and in that they may not, except as otherwise provided in the Plan, be transferred or otherwise disposed of by the Granteeyou. Subject to the terms and conditions of this Agreement, the restrictions on the Phantom Units shall vest as follows: providedlapse, however, that and the Phantom Units shall vest in accordance with the foregoing provision only if the Grantee has and become nonforfeitable, provided you have continuously provided services to the General Partner Partnership Entities, without interruption, from the Date of Grant until through the date of vesting one year anniversary of the Phantom UnitsDate of Grant (the “Vesting Date”).

Vesting of Phantom Units. The Phantom Units are restricted in that they may be forfeited by the Grantee Service Provider and in that they may not, except as otherwise provided in the Plan, be transferred or otherwise disposed of by the GranteeService Provider. Subject to the terms and conditions of this Agreement, the Phantom Units shall vest as follows: Vesting Date Cumulative Vested Percentage On [ , 20 ] [ ]% provided, however, that the Phantom Units shall vest in accordance with the foregoing provision only if the Grantee Service Provider has continuously provided services to the General Partner Partnership Entities from the Date of Grant until the date of vesting of the Phantom Units.

Vesting of Phantom Units. The Phantom Units are restricted in that they may be forfeited by the Grantee you and in that they may not, except as otherwise provided in the Plan, be transferred or otherwise disposed of by the Granteeyou. Subject to the terms and conditions of this Agreement, the restrictions on the Phantom Units shall vest as follows: providedlapse, however, that and the Phantom Units shall vest in accordance with the foregoing provision only if the Grantee has and become nonforfeitable, provided you have continuously provided services to the General Partner Partnership Entities, without interruption, from the Date of Grant until through [ ] (the date of vesting of the Phantom Units“Vesting Date”).