BREITBURN ENERGY PARTNERS, LP CONVERTIBLE PHANTOM UNIT AGREEMENTConvertible Phantom Unit Agreement • February 28th, 2014 • BreitBurn Energy Partners L.P. • Crude petroleum & natural gas • Delaware
Pursuant to this Convertible Phantom Unit Agreement, (the “Agreement”), BreitBurn GP, LLC (the “Company”), as the general partner of BreitBurn Energy Partners L.P., a Delaware limited partnership (the “Partnership”), hereby grants to [___________] (the “Participant”) the following award of Convertible Phantom Units (“CPUs”), pursuant and subject to the terms and conditions of this Agreement and the Partnership’s First Amended and Restated 2006 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each CPU is hereby granted in tandem with a corresponding Performance Distribution Right (“PDR”), as further detailed in Section 3 below. Each CPU and PDR shall constitute an “Other Unit-Based Award” under the terms of the Plan. Except as otherwise expressly provided herein (including on Exhibit A hereto), all capitalized terms used in this Agreement, but not otherwise defined, shall have the meanings provided in the
BREITBURN ENERGY PARTNERS, LP CONVERTIBLE PHANTOM UNIT AGREEMENTConvertible Phantom Unit Agreement • August 11th, 2008 • BreitBurn Energy Partners L.P. • Crude petroleum & natural gas • Delaware
Pursuant to this Convertible Phantom Unit Agreement, (the “Agreement”), BreitBurn GP, LLC (the “Company”), as the general partner of BreitBurn Energy Partners L.P., a Delaware limited partnership (the “Partnership”), hereby grants to [___________] (the “Participant”) the following award of Convertible Phantom Units (“CPUs”), pursuant and subject to the terms and conditions of this Agreement and the Partnership’s 2006 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each CPU is hereby granted in tandem with a corresponding Performance Distribution Right (“PDR”), as further detailed in Section 3 below. Each CPU and PDR shall constitute an “Other Unit-Based Award” under the terms of the Plan. Except as otherwise expressly provided herein (including on Exhibit A hereto), all capitalized terms used in this Agreement, but not otherwise defined, shall have the meanings provided in the Plan.
