MPLX LP 2018 INCENTIVE COMPENSATION PLAN PHANTOM UNIT AWARD AGREEMENTPhantom Unit Award Agreement • November 4th, 2019 • MPLX Lp • Pipe lines (no natural gas)
As evidenced by this Award Agreement and pursuant to the MPLX LP 2018 Incentive Compensation Plan (the “Plan”), MPLX GP LLC, a Delaware limited liability company (the “Company”), the general partner of MPLX LP, a Delaware limited partnership (the “Partnership”), grants to [NAME] (the “Participant”) on [MONTH AND DAY], 2019 (the “Grant Date”), (i) [NUMBER] Phantom Units, with each Phantom Unit representing the right to receive a Unit of the Partnership, and (ii) tandem DERs as set forth in Paragraph 3 below, each subject to the terms and conditions of this Award Agreement and the Plan, the terms and conditions of which are incorporated by reference in this Award Agreement. The following terms and conditions apply to this Award made to the Participant:
