Common use of Vesting of Phantom Units Clause in Contracts

Vesting of Phantom Units. Subject to the earlier expiration of this Award as herein provided, this Award may be settled in accordance with the provisions of this Agreement, pursuant to the following vesting schedule, provided the Executive has continuously provided services to the Company, without interruption, from the Date of Grant through each applicable vesting date (each, a “Vesting Date”), in accordance with the following schedule: May 18, 2013 20% May 18, 2014 20% May 18, 2015 20% May 18, 2016 20% May 18, 2017 20% Total Vested Percentage 100% Phantom Units that become vested pursuant to the schedule set forth above are referred to herein as “Vested Units.” Phantom Units that have not vested pursuant to the schedule set forth above are referred to herein as “Unvested Units.” Notwithstanding anything to the contrary in the foregoing, in the event that the Executive’s employment is terminated prior to full vesting under the schedule above, the following terms shall apply:

Vesting of Phantom Units. Subject to the earlier expiration of this Award as herein provided, this Award may be settled in accordance with the provisions of this Agreement, pursuant to the following vesting schedule, provided the Executive has continuously provided services to the Company, without interruption, from the Date of Grant through each applicable vesting date (each, a “Vesting Date”), in accordance with the following schedule: May 18, 2013 Vesting Date Percentage of Phantom Units That Become Vested [__________________,] 20____ 33-1/3 % May 18, 2014 [__________________,] 20____ 66-2/3% May 18, 2015 [__________________,] 20% May 18, 2016 20% May 18, 2017 20% Total Vested Percentage ____ 100% Phantom Units that become vested pursuant to the schedule set forth above are referred to herein as “Vested Units.” Phantom Units that have not vested pursuant to the schedule set forth above are referred to herein as “Unvested Units.” Notwithstanding anything to the contrary in the foregoing, in the event that the Executive’s employment is terminated prior to full vesting under the schedule aboveterminated, the following terms shall apply: