Phantom Unit Agreement Sample Contracts
TXO ENERGY PARTNERS, L.P. PHANTOM UNIT AGREEMENTPhantom Unit Agreement • January 18th, 2023 • MorningStar Partners, L.P. • Crude petroleum & natural gas • Delaware
Pursuant to this Phantom Unit Agreement, dated as of the Grant Date set forth in the Grant Notice below (this “Agreement”), TXO Energy GP, LLC (the “Company”), as the general partner of TXO Energy Partners, L.P. (the “Partnership”), hereby grants to the individual identified in the Grant Notice below (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the TXO Energy Partners, L.P. 2023 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit granted hereunder shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
Standard Contracts
RATTLER MIDSTREAM LP LONG-TERM INCENTIVE PLAN FORM OF PHANTOM UNIT AGREEMENTPhantom Unit Agreement • February 26th, 2020 • Rattler Midstream Lp • Natural gas transmission • Delaware
THIS PHANTOM UNIT AGREEMENT (this “Agreement”) is made and entered into by and between Rattler Midstream GP LLC, a Delaware limited liability company (the “General Partner”), and _____________ (“you”), effective as of ____________ (the “Date of Grant”).
HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Employee)Phantom Unit Agreement • November 3rd, 2021 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas
This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.
FORM OF NORTHERN TIER ENERGY LP PHANTOM UNIT AGREEMENT (PERFORMANCE-BASED VESTING)Phantom Unit Agreement • December 8th, 2014 • Northern Tier Energy LP • Petroleum refining • Delaware
This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between Northern Tier Energy GP LLC, a Delaware limited liability company (the “General Partner”), and [ ] (the “Service Provider”). This Agreement is effective as of the [ ] day of [ ], 20[ ] (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
EX-10.10 2 a13-26811_1ex10d10.htm EX-10.10 USA COMPRESSION PARTNERS, LP FORM OF EMPLOYEE PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 5th, 2020 • Delaware
Pursuant to this Phantom Unit Agreement, dated as of Grant Date identified in the Grant Notice below (this “Agreement”), USA Compression GP, LLC (the “Company”), as the general partner of USA Compression Partners, LP (the “Partnership”), hereby grants to [ ] (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the USA Compression Partners, LP 2013 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding distribution equivalent right (“DER”), as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
HESS MIDSTREAM PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 7th, 2020 • Hess Midstream LP • Crude petroleum & natural gas • Delaware
Pursuant to this Phantom Unit Agreement, dated as of the Grant Date set forth in the Grant Notice below (this “Agreement”), Hess Midstream GP LLC (the “Company”), as the general partner of Hess Midstream GP LP, which is the general partner of Hess Midstream LP (the “Partnership”), hereby grants to the individual identified in the Grant Notice below (the “Participant”) the following Award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the Hess Midstream LP 2017 Long-Term Incentive Plan, as amended from time to time (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit granted hereunder shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. In the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control. Exce
HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Non-Employee Director Award)Phantom Unit Agreement • February 28th, 2023 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas
This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.
BP MIDSTREAM PARTNERS LP FORM OF PHANTOM UNIT AGREEMENT (Non-Employee Director)Phantom Unit Agreement • October 30th, 2017 • BP Midstream Partners LP • Pipe lines (no natural gas) • Delaware
This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between BP Midstream Partners GP LLC, a Delaware limited liability company (the “General Partner”), and (the “Grantee”). This Agreement is effective as of the day of , (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
ContractPhantom Unit Agreement • May 5th, 2020 • Delaware
EX-10.1 5 ex101formofsltagmt.htm FORM OF LTIP AWARD AGMT EXHIBIT 10.1 EXECUTION VERSION SUMMIT MIDSTREAM PARTNERS, LP 2012 LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT Pursuant to this Phantom Unit Agreement, dated as of March ___, 2014 (this “Agreement”), Summit Midstream GP, LLC (the “Company”), as the general partner of Summit Midstream Partners, LP (the “Partnership”), hereby grants to ________________ (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement, the Time of Settlement Election Form (the “Election Form”) (if any) and the Summit Midstream Partners, LP 2012 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. In the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall control. Each Phantom Unit shall constitute a Phantom Unit under the terms of the Plan and is
QES LEGACY LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENTPhantom Unit Agreement • February 14th, 2018 • Quintana Energy Services Inc. • Oil & gas field services, nec • Texas
This Phantom Unit Agreement (this “Agreement”) is made as of (the “Grant Date”) between Quintana Energy Services Inc., a Delaware corporation (the “Company”), and (the “Grantee”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings set forth in Exhibit A. Capitalized terms used in this Agreement but not otherwise defined herein or in Exhibit A shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 5th, 2017 • Arc Logistics Partners LP • Wholesale-petroleum bulk stations & terminals • Delaware
This Phantom Unit Agreement, dated [ ] (this “Agreement”), is made and entered into by and between Arc Logistics GP LLC, a Delaware limited liability company (the “General Partner”), and [] (the “Awardee”), and relates to Phantom Units awarded to the Awardee on [] (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
REGENCY ENERGY PARTNERS LP Time-Vested Phantom Unit AgreementPhantom Unit Agreement • May 9th, 2013 • Regency Energy Partners LP • Crude petroleum & natural gas • Texas
This Phantom Unit Agreement (the “Agreement”), is entered into on the date of acceptance by the Participant (the “Grant Date”) and is made by and between Regency Energy Partners LP (the “Partnership”) and the accepting Participant.
GPM PETROLEUM LP PHANTOM UNIT AGREEMENT (Performance-Based Vesting)Phantom Unit Agreement • May 31st, 2017 • GPM Petroleum LP • Wholesale-petroleum & petroleum products (no bulk stations) • Delaware
This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between GPM Petroleum GP, LLC, a Delaware limited liability company (the “General Partner”), and [ ] (the “Service Provider”). This Agreement is effective as of the [ ] day of [ ], 20[ ] (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
QES LEGACY LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Corporate Executives)Phantom Unit Agreement • February 14th, 2018 • Quintana Energy Services Inc. • Oil & gas field services, nec • Texas
This Phantom Unit Agreement (this “Agreement”) is made as of [●] (the “Grant Date”) between Quintana Energy Services Inc., a Delaware corporation (the “Company”), and (the “Grantee”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings set forth in Exhibit A. Capitalized terms used in this Agreement but not otherwise defined herein or in Exhibit A shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
PHANTOM UNIT AGREEMENTPhantom Unit Agreement • February 22nd, 2013 • Magellan Midstream Partners Lp • Pipe lines (no natural gas)
THIS PHANTOM UNIT AGREEMENT (this “Agreement”) is by and between Magellan GP, LLC (the “Company”) and [Employee Name] (the “Participant”).
CRESTWOOD MIDSTREAM PARTNERS LP LONG TERM INCENTIVE PLAN [FORM OF] PHANTOM UNIT AGREEMENTPhantom Unit Agreement • January 23rd, 2015 • Crestwood Midstream Partners LP • Natural gas transmission • Delaware
This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between Crestwood Midstream GP, LLC, a Delaware limited liability company (the “General Partner”), and (the “Service Provider”). This Agreement is effective as of the day of , (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
SECOND AMENDED AND RESTATED 2011 LONG TERM INCENTIVE PLAN NON-EMPLOYEE DIRECTOR PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 9th, 2019 • CSI Compressco LP • Oil & gas field services, nec • Delaware
This Phantom Unit Agreement (this “Agreement”) is made as of _____________, between CSI Compressco GP Inc., a Delaware corporation (the “Company”), as the General Partner of CSI Compressco LP (the “Partnership”), and __________________________ (the “Director”) pursuant to the terms and conditions of the CSI Compressco LP Second Amended and Restated 2011 Long Term Incentive Plan (the “Plan”). The Director acknowledges receipt of a copy of the Plan, and agrees that the terms and provisions of the Plan, including any future amendments thereto, shall be deemed a part of this Agreement as if fully set forth herein. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise.
PHANTOM UNIT AGREEMENTPhantom Unit Agreement • March 1st, 2018 • Westlake Chemical Partners LP • Industrial organic chemicals • Delaware
This Phantom Unit Agreement (this “Agreement”) is made as of Date (the “Grant Date”) between Westlake Chemical Partners GP LLC, a Delaware limited liability company (the “General Partner”), and Full Name (the “Director”) pursuant to the terms and conditions of the Westlake Chemical Partners LP Long-Term Incentive Plan (the “Plan”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise.
SECOND AMENDED AND RESTATED 2011 LONG TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 9th, 2019 • CSI Compressco LP • Oil & gas field services, nec • Delaware
This Phantom Unit Agreement (this “Agreement”) is made as of [ ], between CSI Compressco GP Inc., a Delaware corporation (the “Company”), as the general partner of CSI Compressco LP (the “Partnership”), and __________________________ (the “Employee”) pursuant to the terms and conditions of the CSI Compressco LP Second Amended and Restated 2011 Long Term Incentive Plan (the “Plan”). The Employee acknowledges receipt of a copy of the Plan, and agrees that the terms and provisions of the Plan, including any future amendments thereto, shall be deemed a part of this Agreement as if fully set forth herein. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise.
FORM OF GPM PETROLEUM LP PHANTOM UNIT AGREEMENT (Time-Based Vesting –Director)Phantom Unit Agreement • May 31st, 2017 • GPM Petroleum LP • Wholesale-petroleum & petroleum products (no bulk stations) • Delaware
This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between GPM Petroleum GP, LLC, a Delaware limited liability company (the “General Partner”), and [ ] (the “Service Provider”). This Agreement is effective as of the [ ] day of [ ], 20[ ] (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
DELEK LOGISTICS GP, LLC EMPLOYEE PHANTOM UNIT AGREEMENTPhantom Unit Agreement • February 26th, 2025 • Delek Logistics Partners, LP • Pipe lines (no natural gas) • Delaware
This Phantom Unit Agreement ("Agreement") between Delek Logistics GP, LLC (the "Company") and (the "Participant"), regarding an award ("Award") of Phantom Units (as defined in the Delek Logistics GP, LLC 2012 Long-Term Incentive Plan (the "Plan")) granted to the Participant on (the "Grant Date"), such number of Phantom Units subject to adjustment as provided in the Plan, and further subject to the following terms and conditions:
ContractPhantom Unit Agreement • May 5th, 2020 • Delaware
EX-10.13 2 srlp-20151231xexx1013.htm EXHIBIT 10.13 Exhibit 10.13 Form of Performance Based Phantom Unit Agreement SPRAGUE RESOURCES, LP 2013 LONG TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (PERFORMANCE BASED VESTING) This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between Sprague Resources GP LLC, a Delaware limited liability company (the “General Partner”), and [_____________________] (the “Service Provider”). This Agreement is effective as of the [_____] day of [________________], 20[__] (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise. W I T N E S S E T H: WHEREAS, Sprague Resources, LP (the “Partnership”), acting through the Board of Directors of the General Partner (the “Board”), has adopted the Sprague Resources LP 2013 Long Term Incentive Plan (the “Plan”) to, among other things, attrac
TXO ENERGY PARTNERS, L.P. PHANTOM UNIT AGREEMENTPhantom Unit Agreement • January 18th, 2023 • MorningStar Partners, L.P. • Crude petroleum & natural gas • Delaware
Pursuant to this Phantom Unit Agreement, dated as of the Grant Date set forth in the Grant Notice below (this “Agreement”), TXO Energy GP, LLC (the “Company”), as the general partner of TXO Energy Partners, L.P. (the “Partnership”), hereby grants to the individual identified in the Grant Notice below (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the TXO Energy Partners, L.P. 2023 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit granted hereunder shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
FTPS Holding, LLC (f/k/a Fifth Third Processing Solutions, LLC) Management Phantom Equity Plan Phantom Unit AgreementPhantom Unit Agreement • March 5th, 2012 • Vantiv, Inc. • Services-business services, nec • Delaware
This PHANTOM UNIT AGREEMENT (the “Agreement”) is entered into as of June 30, 2009 (the “Grant Date”) by and between FTPS Holding, LLC (f/k/a Fifth Third Processing Solutions, LLC), a Delaware limited liability company (the “Company”), and Charles D. Drucker (the “Participant”) pursuant to the FTPS Holding, LLC (f/k/a Fifth Third Processing Solutions, LLC) Management Phantom Equity Plan (as in effect as of the Grant Date, the “Plan”).
EX-10.2 3 d442815dex102.htm FORM OF IPAYMENT HOLDINGS, INC. PHANTOM UNIT AGREEMENT iPAYMENT HOLDINGS, INC. PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 5th, 2020 • Delaware
This PHANTOM UNIT AGREEMENT, dated as of [•] (the “Agreement”), is entered into by and between iPayment Holdings, Inc., a Delaware corporation (the “Company”), and [•] (the “Participant”), pursuant to the iPayment Holdings, Inc. Equity Incentive Plan, as in effect and as amended from time to time (the “Plan”). Capitalized terms that are not defined herein shall have the meanings given to such terms in the Plan.
PBF LOGISTICS LP 2014 LONG-TERM INCENTIVE PLAN FORM OF PHANTOM UNIT AGREEMENT FOR NON-EMPLOYEE DIRECTORSPhantom Unit Agreement • April 22nd, 2014 • PBF Logistics LP • Pipe lines (no natural gas) • Delaware
THIS AGREEMENT (the “Agreement”), is made effective as of the date set forth on the signature page hereto (the “Date of Grant”), between PBF Logistics GP LLC, a Delaware limited liability company (the “General Partner”) and the individual named on the signature page hereto (the “Service Provider”).
MACH NATURAL RESOURCES LP 2023 LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENTPhantom Unit Agreement • October 27th, 2023 • Mach Natural Resources Lp • Crude petroleum & natural gas • Delaware
Pursuant to this Phantom Unit Agreement, dated as of the Grant Date set forth in the Grant Notice below (this “Agreement”), Mach Natural Resources GP LLC (the “Company”), as the general partner of Mach Natural Resources LP (the “Partnership”), hereby grants to the individual identified in the Grant Notice below (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the Mach Natural Resources LP 2023 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit granted hereunder shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 5th, 2017 • Arc Logistics Partners LP • Wholesale-petroleum bulk stations & terminals • Delaware
This Phantom Unit Agreement, dated [ ] (this “Agreement”) is made and entered into by and between Arc Logistics GP LLC, a Delaware limited liability company (the “General Partner”), and [] (the “Awardee”), and relates to Phantom Units awarded to the Awardee on [] (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
FORM OF TESORO LOGISTICS LP 2011 LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENTPhantom Unit Agreement • April 4th, 2011 • Tesoro Logistics Lp • Pipe lines (no natural gas) • Delaware
Pursuant to this Phantom Unit Agreement, dated as of [_______], 2011 (the “Agreement”), Tesoro Logistics GP, LLC (the “Company”), as the general partner of Tesoro Logistics LP (the “Partnership”), hereby grants to [___________] (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the Tesoro Logistics LP 2011 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
FORM OF] COLUMBIA PIPELINE PARTNERS LP LONG TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Non-Employee Director Award)Phantom Unit Agreement • February 11th, 2015 • Columbia Pipeline Partners LP • Natural gas transmission • Delaware
THIS PHANTOM UNIT AGREEMENT (this “Agreement”) is made and entered into by and between CPP GP LLC, a Delaware limited liability company (the “General Partner”), and you, effective as of [ ] (the “Date of Grant”).
FORM OF PHANTOM UNIT AGREEMENT PURSUANT TO THE ARES MANAGEMENT, L.P. 2014 EQUITY INCENTIVE PLANPhantom Unit Agreement • May 7th, 2014 • Ares Management Lp • Investment advice • Delaware
THIS AGREEMENT (the “Agreement”) is entered into as of (the “Grant Date”), by and between Ares Management, L.P., a Delaware limited partnership (the “Partnership”), and (the “Participant”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Ares Management, L.P. 2014 Equity Incentive Plan (the “Plan”).
BLUEKNIGHT ENERGY PARTNERS G.P., L.L.C. LONG-TERM INCENTIVE PLAN EMPLOYEE PHANTOM UNIT AGREEMENTPhantom Unit Agreement • March 26th, 2020 • Blueknight Energy Partners, L.P. • Pipe lines (no natural gas) • Delaware
This Phantom Unit Agreement (“Agreement”) is between Blueknight Energy Partners G.P., L.L.C. (the “Company”) and Mark Hurley (the “Participant”), regarding an award (“Award”) of 61,448 Phantom Units (as defined in the Blueknight Energy Partners G.P., L.L.C. Long-Term Incentive Plan (the “Plan”)) granted to the Participant on January 1, 2018 (the “Grant Date”), such number of Phantom Units subject to adjustment as provided in the Plan, and further subject to the following terms and conditions:
RICE MIDSTREAM PARTNERS LP FORM OF PHANTOM UNIT AGREEMENT (Cash Settled)Phantom Unit Agreement • December 19th, 2014 • Rice Midstream Partners LP • Natural gas transmission • Delaware
This Phantom Unit Agreement (this “Agreement”) is made and entered into by and between Rice Midstream Management LLC, a Delaware limited liability company (the “General Partner”), and (the “Service Provider”). This Agreement is effective as of the day of , 20 (the “Date of Grant”). Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan (as defined below), unless the context requires otherwise.
EX-10.8 7 dex108.htm FORM OF PHANTOM UNIT AGREEMENT SEMGROUP ENERGY PARTNERS G.P., L.L.C. LONG-TERM INCENTIVE PLAN EMPLOYEE PHANTOM UNIT AGREEMENTPhantom Unit Agreement • May 5th, 2020 • Delaware
This Phantom Unit Agreement (“Agreement”) between SemGroup Energy Partners G.P., L.L.C. (the “Company”) and (the “Participant”), regarding an award (“Award”) of Phantom 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 Phantom Units subject to adjustment as provided in the Plan, and further subject to the following terms and conditions:
PHANTOM UNIT AGREEMENTPhantom Unit Agreement • February 21st, 2018 • Andeavor Logistics Lp • Pipe lines (no natural gas) • Delaware
Pursuant to this Phantom Unit Agreement, dated as of [_______], [_____] (the “Agreement”), Tesoro Logistics GP, LLC (the “Company”), as the general partner of Andeavor Logistics LP (the “Partnership”), hereby grants to [___________] (the “Participant”) the following award of Phantom Units (“Phantom Units”), pursuant and subject to the terms and conditions of this Agreement and the Andeavor Logistics LP 2011 Long-Term Incentive Plan, as amended and restated to date (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each Phantom Unit shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
