Common use of Vesting of Phantom Units Clause in Contracts

Vesting of Phantom Units. Except as otherwise provided in this Agreement and the Plan, the Phantom Units will vest in accordance with the vesting schedule set forth in the following table, provided that the Director serves as a director of the Company from the Date of Grant through each vesting date set forth below (each, a “Vesting Date”):

Appears in 2 contracts

Samples: Phantom Unit Agreement (CSI Compressco LP), Phantom Unit Agreement (Compressco Partners, L.P.)

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Vesting of Phantom Units. Except as otherwise provided in this Agreement and the Plan, the Phantom Units will vest in accordance with the vesting schedule set forth in the following table, provided that the Director serves as Employee remains continuously employed by a director of the Company Entity from the Date of Grant through each vesting date set forth below (each, a “Vesting Date”):

Appears in 2 contracts

Samples: Phantom Unit Agreement (CSI Compressco LP), Phantom Unit Agreement (Compressco Partners, L.P.)

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