Director Restricted Subordinated Unit Agreement Sample Contracts

SEMGROUP ENERGY PARTNERS G.P., L.L.C. LONG-TERM INCENTIVE PLAN DIRECTOR RESTRICTED SUBORDINATED UNIT AGREEMENT

Director Restricted Subordinated Unit Agreement • December 23rd, 2008 • SemGroup Energy Partners, L.P. • Pipe lines (no natural gas) • Delaware

• Contract Type
  Director Restricted Subordinated Unit Agreement
• Filed
  December 23rd, 2008
• Company
  SemGroup Energy Partners, L.P.
• Industry
  Pipe lines (no natural gas)
• Jurisdiction
  Delaware

This Restricted Subordinated Unit Agreement (“Agreement”) between SemGroup Energy Partners G.P., L.L.C. (the “Company”) and _________________ (the “Participant”), a Director of the Company, regarding an award (“Award”) of _______ Subordinated Units (as defined in the SemGroup Energy Partners G.P., L.L.C. Long-Term Incentive Plan (the “Plan”)) granted to the Participant on _____________ (the “Grant Date”), such number of Subordinated Units (the “Restricted Subordinated Units”) subject to adjustment as provided in the Plan, and further subject to the following terms and conditions: