TEXAS EASTERN PRODUCTS PIPELINE COMPANY, LLC 2005 PHANTOM UNIT PLAN AWARD AGREEMENTPhantom Unit Plan Award Agreement • June 16th, 2006 • Teppco Partners Lp • Wholesale-petroleum bulk stations & terminals • Texas
THIS AWARD AGREEMENT (this “Agreement”) is made between Texas Eastern Products Pipeline Company, LLC, a Delaware limited liability company (“TEPPCO”), and (the “Grantee”) effective as of , (the “Effective Date”). TEPPCO considers that its interests will be served by granting the Grantee phantom units under the Texas Eastern Products Pipeline Company, LLC 2005 Phantom Unit Plan (the “Plan”) as an inducement for the Grantee to . The award of phantom units granted hereby (the “Award”) is subject to the terms of the Plan, a copy of which is attached hereto and incorporated by reference herein. Terms that are not specifically defined in this Agreement shall have the meanings ascribed to them in the Plan.
