Phantom Units Contract Clauses (49)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Phantom Units clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Phantom Units. Subject to Section 4 below, each Phantom Unit that vests shall represent the right to receive payment, in accordance with Section 5 below, in the form of one (1) Unit. Unless and until a Phantom Unit vests, the Participant will have no right to payment in respect of such Phantom Unit. Prior to actual payment in respect of any vested Phantom Unit, such Phantom Unit will represent an unsecured obligation of the Partnership, payable (if at all) only from the general assets of the Partnership.
Found in CNX Midstream Partners LP contract
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Phantom Units. Subject to Section 4 3 below, each Phantom Unit that vests shall represent the right to receive payment, in accordance with Section 5 4 below, in the form of one (1) Unit. Unless and until a Phantom Unit vests, the Participant will have no right to payment in respect of such Phantom Unit. Prior to actual payment in respect of any {1992824;3}1 of 6 vested Phantom Unit, such Phantom Unit will represent an unsecured obligation of the Partnership, payable (if at all) only from the general assets of... the Partnership. View More Arrow
Found in Mid-Con Energy Partners, LP contract
Phantom Units. Subject to Section Paragraph 4 below, each Phantom Unit that vests shall represent the right to receive payment, in accordance with Section Paragraph 5 below, in the form of one (1) Unit. Unless and until a Phantom Unit vests, the Participant will have no right to payment in respect of any such Phantom Unit. Prior to actual payment in respect of any vested Phantom Unit, such Phantom Unit will represent an unsecured obligation of the Partnership, payable (if at all) only from the general assets... of the Partnership. View More Arrow
Found in MPLX LP contract
Phantom Units. Subject to Section 4 below, each Each Phantom Unit that vests shall represent the right to receive payment, receive, following (i) vesting of such Phantom Unit in accordance with Section 4 below, and (ii) settlement of such Phantom Unit in accordance with Section 5 below, in the form of one (1) Unit. Unless and until a Phantom Unit vests, the Participant will have no right to payment in respect of such Phantom Unit. Prior to actual payment in respect settlement of any vested Phantom Unit, such... Phantom Unit will represent an unsecured obligation of the Partnership, payable (if at all) only from the general assets of the Partnership. View More Arrow
Found in USA Compression Partners, LP contract
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Phantom Units. Each Phantom Unit under the Award is a notional Unit granted under Section 6.4 of the Plan, which upon vesting entitles you to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Partnership Unit.
Found in RATTLER MIDSTREAM LP contract
Phantom Units. Each Phantom Unit under the Award is a notional Unit granted under Section 6.4 6(d) of the Plan, which upon vesting entitles you to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Partnership Unit.
Found in RATTLER MIDSTREAM LP contract
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