Vested Phantom Units definition

Vested Phantom Units means the quantity of a Participant’s Unvested Phantom Units which are earned upon culmination of the Measurement Period.
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Vested Phantom Units means Phantom Units of a Participant which have vested in accordance with Section 5 of the Plan and the Participant’s Phantom Unit Award Agreement.
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Vested Phantom Units means the quantity of a Participant's Unvested Phantom Units which are earned upon culmination of the Measurement Period.
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Examples of Vested Phantom Units in a sentence

  • Vested Phantom Units shall be subject to the payment provisions set forth in Section 5 below.

  • Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in Section 5 below.

  • Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below.

  • No fractional Units shall be issued with respect to Vested Phantom Units; rather, you will receive a cash payment for such amount as is necessary to eliminate fractional Units and effect the issuance and acceptance of only whole Units.

  • Notwithstanding the foregoing, if you are serving as a Designated Director of the General Partner, you may enter into a transfer agreement that transfers this Award and requires issuance of the Units in settlement of the Vested Phantom Units to an entity, including without limitation a private equity or other investment fund that is an investor in the Partnership (an “Investor”), subject to compliance with all applicable securities laws.

  • Notwithstanding the above vesting schedule, upon the occurrence of a Change of Control prior to the date all Phantom Units granted pursuant to this Agreement become Vested Phantom Units, all of Phantom Units subject to this Agreement will immediately become Vested Phantom Units.

  • Except as provided in Section 3(c)(ii) below, notwithstanding anything to the contrary in the foregoing provisions of this Section 3, in the event your Continuous Service with the Partnership Entities is terminated prior to the date all Phantom Units granted pursuant to this Agreement become Vested Phantom Units, then all of your Nonvested Phantom Units will remain unvested, will become null and void and will be forfeited as of the date of such termination.

  • Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant as set forth in Section 5 below.

  • Vested Phantom Units (and accumulated but unpaid distributions with respect to DERs) shall be settled on a date determined by the Company, which date shall be not more than 10 days following the Vesting Date of such Vested Phantom Units (“Settlement Date”).

  • Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units and/or cash as set forth in Section 5 below.


More Definitions of Vested Phantom Units

Vested Phantom Units means Phantom Units which vest in the name of a Participant in accordance with Article 4.
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