Vesting/Payments. Except as otherwise provided herein, this Award is subject to vesting over a five (5) year period, with 60% of this Award to vest on the third December 5th following the date of the Award, and the remaining 40% to vest on the fifth December 5th following the date of the Award subject to the Participant’s continued employment with the Partnership or one of its affiliates on each applicable vesting date.
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Samples: Restricted Unit/Phantom Unit Agreement (Sunoco LP), Time Vested Restricted Phantom Unit Agreement (Sunoco LP)
Vesting/Payments. Except as otherwise provided herein, this Award is subject to vesting over a five (5) year periodyears, with 60% of this Award to vest on the third December 5th following the date of the Awardaward, and the remaining 40% to vest on the fifth December 5th following the date of the Award subject to the Participant’s continued employment with the Partnership or one of its affiliates subsidiary or affiliate on each applicable vesting date.
Appears in 1 contract
Samples: Long Term Incentive Plan (Sunoco Logistics Partners L.P.)
Vesting/Payments. Except as otherwise provided herein, this This Award is subject to vesting over a five (5) year periodyears, with 60% of this Award to vest on the third December 5th following the date of the Award5, 2015 and the remaining 40% to vest on the fifth December 5th following the date of the Award 5, 2017 subject to the Participant’s 's continued employment with the Partnership or one of its affiliates subsidiary or affiliate on each applicable vesting date.
Appears in 1 contract
Samples: Phantom Unit Agreement (Regency Energy Partners LP)
Vesting/Payments. Except as otherwise provided herein, this Award is subject to vesting over a five (5) year periodyears, with 60% of this Award to vest on the third December 5th following the date of the Award, and the remaining 40% to vest on the fifth December 5th following the date of the Award subject to the Participant’s continued employment with the Partnership or one of its affiliates on each applicable vesting date.
Appears in 1 contract
Samples: Long Term Incentive Plan (Sunoco Logistics Partners L.P.)