Form of 2008 Non-employee Director Restricted Unit Agreement



 Exhibit 10.02 
 Non-Employee Director 
 AWARD AGREEMENT 
 This Restricted Unit and distribution equivalent right award agreement (“Agreement”), effective as of the date set forth at the end of this
Agreement (“Grant Date”), is between NuStar GP, LLC (the “Company”) and [insert name] (“Participant”), a participant in the NuStar GP, LLC Second Amended and Restated 2000 Long-Term Incentive Plan, as
amended (the “Plan”). All capitalized terms contained in this Award shall have the same definitions as are set forth in the Plan unless otherwise defined herein. The terms of this grant are set forth below. 
  

	1.	The Compensation Committee of the Board of Directors of the Company hereby grants to Participant [insert #] Restricted Units under the Plan. A “Restricted Unit” is
a phantom unit that is equivalent in value to a common unit (“MLP Common Unit”) of NuStar Energy L.P. (the “MLP”). In addition, a Restricted Unit represents the right to receive, upon vesting as provided below, an MLP Common
Unit. Restricted Units are granted hereunder in tandem with an equal number of distribution equivalent rights (“DERs”). A DER is a right to receive an amount in cash from the Company or its designee equal to the distributions made by MLP
with respect to an MLP Common Unit during the period that ends upon vesting of the tandem Restricted Unit or its forfeiture pursuant to Section 6.2 (ii) of the Plan. 

  

	 2.
	 The Restricted Units granted hereunder are subject to the following Restricted Periods, and will vest and accrue to
Participant in the following increments: [insert  1/3 #] Units on [insert
1st anniversary of grant date]; [insert  1/3 #] Units on [insert 2nd
anniversary of grant date]; and [insert  1/3 #] Units on [insert 3rd anniversary of grant date]. The Restricted Units
may vest prior to the expiration of such period as set forth in the Plan. Upon vesting, for each Restricted Unit granted hereunder, the Participant will be entitled to receive an unrestricted Common Unit of NuStar Energy L.P. 



  

	3.	Participant agrees that the unrestricted common Units to which Participant will be entitled in connection with the vesting of each Restricted Unit may be issued in uncertificated
form pursuant to the Direct Registration Service of the MLP’s transfer agent. 

  

	4.	DERs with respect to the Restricted Units will be paid to Participant in cash as of each record payment date during the period such Restricted Units are outstanding. DERs are
subject to the same restrictions as the Restricted Units. 

  

	5.	The Company will withhold any taxes due from Participant’s grant as required by law, which, in the sole discretion of the Compensation Committee, may include withholding a
number of Restricted Units otherwise payable to Participant. 

  

	6.	By accepting this Award, Participant hereby accepts and agrees to be bound by all of the terms, provisions, conditions, and limitations of the Plan and any subsequent amendment or
amendments thereto, as if it had been set forth verbatim in this Award. 

  

	7.	This Award shall be binding upon the parties hereto and their respective heirs, legal representatives, and successors. 

  

	8.	This Award is effective as of [insert grant date]. 

  

	 9.
	 The issuance of Units under this Award shall be made on or as soon as reasonably practical following the applicable date
of vesting, but in any event no later than the 15th day of the third month following the end of the year in which the applicable date of vesting
occurs. With respect to the receipt of distributions, the payment of distributions shall be made by the last day of the fiscal quarter during which distributions on the Company’s Units are paid, but in any event by no later than the
15th day of the month following the end of the year in which the applicable distributions on the Company’s Units are paid. This Agreement and
the Award evidenced hereby are intended to comply, and shall be administered consistently in all respects with Section 409A of the Internal Revenue Code and the regulations promulgated thereunder. If necessary in order to ensure such
compliance, this Agreement may be reformed consistent with guidance issued by the Internal Revenue Service. 


  

	10.	The validity, construction and effect of this Agreement shall be determined by the laws of the State of Texas. 

  

	11.	Neither Participant nor any person claiming by, through or under Participant with respect to the Restricted Units shall have any rights as a unitholder of NuStar Energy L.P.
(including, without limitation, voting rights). 









	12.	The Agreement and Participant’s interest in the Restricted Units granted by this Agreement are of a personal nature, and, except as expressly provided in the Agreement or the
Plan, Participant’s rights with respect thereto may not be sold, mortgaged, pledged, assigned, transferred, conveyed or disposed of in any manner by Participant. Any such attempted sale, mortgage, pledge, assignment, transfer, conveyance or
disposition shall be void, and the Company shall not be bound thereby. 

  

			
	NUSTAR GP, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  



  

	
	Accepted:
	
	  

	[insert name]
	Date: