Distribution Equivalent Rights under the EPCO Inc. 2006 TPP Long-Term Incentive PlanDistribution Equivalent Rights • November 7th, 2008 • Teppco Partners Lp • Natural gas transmission
EPCO, Inc. (the “Company”) is pleased to inform you that you have been granted the number of DERs set forth above under the EPCO, Inc. 2006 TPP Long-Term Incentive Plan (the “Plan”). A DER is a contingent right to an amount of cash equal to all or part of the cash distributions made by TEPPCO Partners, L.P. (the “Partnership”) with respect to a Common Unit during a specified period, subject to the forfeiture and non-transferability provisions and other terms and conditions set forth below in this Agreement. The terms of the grant are as follows:
