Document:

Long-Term Incentive Plan

 Exhibit 10.2 

 
  

 
 SUNOCO PARTNERS LLC

 LONG-TERM INCENTIVE PLAN 

Amended and restated as of July 27, 2010 
  

 
  

 

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 SUNOCO PARTNERS LLC 

LONG-TERM INCENTIVE PLAN 

SECTION 1. Purpose of the Plan. 

The Sunoco Partners LLC Long-Term Incentive Plan (the “Plan”) is intended to promote the interests of Sunoco Logistics Partners
L.P., a Delaware limited partnership (the “Partnership”), by providing to employees and directors of Sunoco Partners LLC, a Pennsylvania limited liability company (the “Company”), and its Affiliates who perform services for the
Partnership and its subsidiaries, incentive awards for superior performance that are based on Units. The Plan is also intended to enhance the ability of the Company and its Affiliates to attract and retain employees whose services are key to the
growth and profitability of the Partnership, and to encourage them to devote their best efforts to the business of the Partnership and its subsidiaries, thereby advancing the Partnership’s interests. 

SECTION 2. Definitions. 
 As used in the
Plan, the following terms shall have the meanings set forth below: 
 2.1 “Affiliate” means, with respect to any
Person, any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct
or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

2.2 “Award” means a grant of one or more Options or Restricted Units pursuant to the Plan, and shall include any tandem
DERs granted with respect to such Award. 
 2.3 “Board” means the Board of Directors of the Company.

 2.4 “Cause” means: 

(i) fraud or embezzlement on the part of the Participant; 

(ii) conviction of or the entry of a plea of nolo contendere by the Participant to any felony; 

(iii) the willful and continued failure or refusal by the Participant to perform substantially the Participant’s
duties with the Company or an Affiliate thereof (other than any such failure resulting from incapacity due to physical or mental illness, or death, or following notice of employment termination by the Participant for Good Reason) within thirty
(30) days following the delivery of a written demand for substantial performance to the Participant by the Board, or any employee of the Company or an Affiliate with supervisory authority over the Participant, that specifically identifies the
manner in which the Board or such supervising employee believes that the Participant has not substantially performed the Participant’s duties; or 

(iv) any act of willful misconduct by the Participant which: 

(a) is intended to result in substantial personal enrichment of the Participant at the expense of the Partnership, the
Company or any of their Affiliates; or 
 (b) has a material adverse impact on the business or reputation of the
Partnership, the Company or any Affiliate thereof (such determination to be made by the Partnership, the Company or any such Affiliate in the good faith exercise of its reasonable judgment). 

 

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 2.5 “Change of Control” means, and shall be deemed to have occurred upon
the occurrence of one or more of the following events: 
 (i) the consolidation, reorganization, merger or other
transaction pursuant to which more than 50% of the combined voting power of the outstanding equity interests in the Company cease to be owned by Sunoco, Inc. and its Affiliates; 

(ii) a “Change in Control” of Sunoco, Inc., as defined from time to time in the Sunoco, Inc. stock plans; or

 (iii) the general partner (whether the Company or any other Person) of the Partnership ceases to be an
Affiliate of Sunoco, Inc. 
 2.6 “Committee” means the Compensation Committee of the Board, such subcommittee
thereof, or such other committee of the Board appointed to administer the Plan. 
 2.7 “DER” or
“Distribution Equivalent Right” means contingent right, granted in tandem with a specific Restricted Unit, to receive an amount in cash equal to the cash distributions made by the Partnership with respect to a Unit during the period
such Restricted Unit is outstanding. 
 2.8 “Director” means a member of the Board who is not an Employee.

 2.9 “Employee” means any employee of the Company or an Affiliate, who performs services for the Partnership.

 2.10 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

2.11 “Fair Market Value” means, as of any date and in respect of any Unit, the opening price of a Unit on such date
(which price shall be the closing price of a Unit on the previous trading day, as reflected in the consolidated trading tables of The Wall Street Journal or any other publication selected by the Committee). If there is no sale of Units on the New
York Stock Exchange for more than ten (10) days immediately preceding such date, or if deemed appropriate by the Committee for any other reason, the Fair Market Value of such Units shall be as determined in good faith by the Committee in such
other manner as it may deem appropriate. 
 2.12 “Member” means, as of any date, any Person that has executed
the limited liability company operating agreement of the Company (the “LLC Agreement”) as a member of the Company, and thereafter been admitted to the Company as a member as provided in the LLC Agreement, but such term does not include any
Person who has ceased to be a member in the Company. 
 2.13 “Option” means on option to purchase Units granted
under the Plan. 
 2.14 “Participant” means any Employee or Director granted an Award under the Plan.

 2.15 “Person” means an individual or a corporation, limited liability company, partnership, joint venture,
trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 
 2.16
“Qualifying Termination” - of the employment of a Participant shall mean any of the following: 

(a) a termination of employment by the Company within two (2) years after a Change of Control, other than for Cause,
death or disability; or 
 (b) a termination of employment by the Participant within two (2) years after a
Change of Control for one or more of the following reasons: 
 (1) the material reduction of the
Participant’s authorities, duties, or responsibilities as an executive officer and/or officer of the Company form those in effect as of ninety (90) calendar days prior to a Change in Control, other than (i) an insubstantial reduction,
or (ii) an inadvertent reduction that is remedied by the Company promptly after receipt of notice thereof given by the Participant; provided, however, that any reduction in the foregoing resulting from the acquisition of the Company and its

  

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existence as a subsidiary or division of another entity shall not be sufficient to constitute a Qualifying Termination; or 

(2) with respect to any Participant who is a member of the Company’s board of directors immediately prior to the
Change of Control, any failure of the members of the Company to elect or re-elect, or of the Company to appoint or re-appoint, the Participant as a member of such board of directors; 

(3) a reduction by the Company in either the Participant’s annual base salary or guideline (target) bonus as in
effect immediately prior to the Change of Control; or 
 (4) the failure of the Company to provide the
Participant with employee benefits and incentive compensation opportunities that: 
 (i) are not less favorable
than those provided to other executives who occupy the same grade level at the Company as the Participant, or if the Company’s grade levels are no longer applicable, to a similar peer group of the executives of the Company; and 

(ii) provide the Participant with benefits that are at least as favorable, measured separately for: 

(A) incentive compensation opportunities, 

(B) savings and retirement benefits, 

(C) welfare benefits, and 

(D) fringe benefits and vacation 

as the most favorable of each such category of benefit in effect for the Participant at any time during the 120-day period immediately
preceding the Change of Control; or 
 (5) the Company requires the Participant to be based anywhere other than
the Participant’s present work location or a location within thirty-five (35) miles from the present location; or the Company requires the Participant to travel on Company business to an extent substantially more burdensome than such
Participant’s travel obligations during the period of twelve (12) consecutive months immediately preceding the Change of Control; 

provided, however, the Participant may not terminate under this subparagraph (b) unless he or she has given written notice
delivered to the Partnership, the Company or their Affiliates, as appropriate, of the action or inaction giving rise to such termination, such notice to state with specificity the nature of the breach, failure or refusal, and such action or inaction
is not corrected within thirty (30) days thereafter; provided further that such termination shall not be deemed to be a Qualifying Termination unless the termination occurs within 120 days after the occurrence of the event or events
constituting the reason for the termination; or 
 (c) before a Change of Control, a termination of employment by
the Company, other than a termination for Cause, or a termination of employment by the Participant for one of the reasons set forth in (b) above, if the affected Participant can demonstrate that such termination or circumstance in
(b) above leading to the termination: 
 (1) was at the request of a third party with which the Company had entered into
negotiations or an agreement with regard to a Change of Control; or 
 (2) otherwise occurred in connection with a Change of
Control; 
 provided, however, that in either such case, a Change of Control actually occurs within one (1) year
following the Employment Termination Date. 
 Any good faith determination made by the Participant that the Participant has experienced a
Qualifying Termination pursuant to Section 2.16(b) shall be conclusive. A Participant’s mental or physical incapacity following the occurrence of an event described above in (b) above shall not affect the

  

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Participant’s ability to have a Qualifying Termination. As used in this Section 2.16, a “termination of employment” means a separation from service as defined in Code
Section 409A and the regulations issued thereunder. 
 2.17 “Restricted Period” means the period
established by the Committee with respect to an Award during which the Award either remains subject to forfeiture or is not exercisable by the Participant. 

2.18 “Restricted Unit” means a phantom, or notional, unit granted under the Plan which is equivalent in value and in
distribution rights to a Unit and which, upon vesting, entitles the Participant to receive a Unit or its Fair Market Value in cash, whichever is determined by the Committee. 

2.19 “Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act, or any successor rule or regulation
thereto as in effect from time to time. 
 2.20 “SEC” means the Securities and Exchange Commission, or any
successor thereto. 
 2.21 “Specified Employee” shall mean each of the following: the Chief Executive Officer;
the President and Chief Operating Officer; the Chief Financial Officer; the Vice President, Operations; the Vice President, Business Development; the Vice President, Lease Acquisition and Marketing; the Vice President, General Counsel and Secretary;
the Vice President, Human Resources and Administration; the Chief Information Officer; the Treasurer; and the Controller (designated pursuant to the election of an alternative method specified in Treasury Regulation Sections 1.409A-1(i)(5) and
1.409A-1(i)(8)). 
 2.22 “Unit” means a common unit of the Partnership. 

SECTION 3. Administration. 

The Plan shall be administered by the Committee. A majority of the Committee shall constitute a quorum, and the acts of the members of the
Committee who are present at any meeting thereof at which a quorum is present, or acts unanimously approved by the members of the Committee in writing, shall be the acts of the Committee. Annual grant levels for Participants will be recommended to
the Committee by the Chief Executive Officer of the Company. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power
and authority to: 
 (i) designate Participants; 

(ii) determine the type or types of Awards to be granted to a Participant; 

(iii) determine the number of Units to be covered by Awards; 

(iv) determine the terms and conditions of any Award; 

(v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or
forfeited; 
 (vi) interpret and administer the Plan and any instrument or agreement relating to an Award made
under the Plan; 
 (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents
as it shall deem appropriate for the proper administration of the Plan; and 
 (viii) make any other
determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or with
respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding 

 

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upon all Persons, including the Company, the Partnership, any Affiliate, any Participant, and any beneficiary of any Award. 

Subject to the following and any applicable law, the Committee, in its sole discretion, may delegate any or all of its powers and duties
under the Plan to the Chief Executive Officer of the Company, including the power to grant Awards under the Plan, provided the Chief Executive Officer is also a member of the Board, subject to such limitations on such delegated powers and duties as
the Committee may impose, if any. Upon any such delegation all references in the Plan to the “Committee”, other than in Section 7 (“Amendment and Termination”), shall be deemed to include the Chief Executive Officer;
provided, however, that such delegation shall not limit the Chief Executive Officer’s right to receive Awards under the Plan. Notwithstanding the foregoing, the Chief Executive Officer may not grant Awards to, or take any action with respect to
any Award previously granted to, a person who is an officer subject to Rule 16b-3 or a member of the Board. 
 SECTION 4. Units Available for
Awards. 
 4.1 Units Available. Subject to adjustment as provided in Section 4.3, the number of Units with
respect to which Awards may be granted under the Plan is one million two hundred fifty thousand (1,250,000). If any Award is forfeited or otherwise terminates or is canceled without the delivery of Units, then the Units covered by such Award, to the
extent of such forfeiture, termination, or cancellation, shall again be Units with respect to which Awards may be granted. 

4.2 Sources of Units Deliverable Under Awards. Any Units delivered pursuant to an Award shall consist, in whole or in part, of
Units acquired in the open market, from any Affiliate, the Partnership or any other Person, or any combination of the foregoing, as determined by the Committee in its discretion. 

4.3 Adjustments. In the event of any change in the outstanding Units of the Partnership by reason of any distribution (whether in
the form of cash, Units, other securities, or other property), split, reverse split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Partnership, issuance of
warrants or other rights to purchase Units or other securities of the Partnership, or other similar transaction or event, an equitable and proportionate anti-dilution adjustment will be made to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan, and to offset any resultant change in the price per Unit and preserve the intrinsic value of Options, Restricted Units and other awards theretofore granted under the Plan. Such
mandatory adjustment may include a change in one or more of the following: 
 (i) the number and type of Units
(or other securities or property) with respect to which Awards may be granted; 
 (ii) the number and type of
Units (or other securities or property) subject to outstanding Awards; 
 (iii) the purchase price per Unit
purchasable under outstanding Options; 
 (iv) the number of Restricted Units outstanding; and 

(v) other similar matters. 

SECTION 5. Eligibility. 

Any Employee or Director will be eligible to be designated a Participant and receive an Award under the Plan. 

 

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 SECTION 6. Awards. 

6.1 Options. The Committee shall have the authority to determine the Employees and Directors to whom Options will be granted, the
number of Units to be covered by each Option, the purchase price therefor and the conditions and limitations applicable to the exercise of the Option, including the following terms and conditions and such additional terms and conditions, as the
Committee shall determine, that are not inconsistent with the provisions of the Plan. 
 (i) Exercise
Price. The purchase price per Unit purchasable under an Option shall be determined by the Committee at the time the Option is granted but shall not be less than the closing price of a Unit on the date the Option is granted, as reflected in the
consolidated trading tables of the Wall Street Journal under the caption ‘New York Stock Exchange Composite Transactions’ or any other publication selected by the Committee). If there is no sale of shares of Units on the New York Stock
Exchange for more than ten (10) days immediately preceding such date, the applicable purchase price per Unit purchasable under an Option shall be as determined by the Committee in such other manner as it may deem appropriate. 

(ii) Time and Method of Exercise. The Committee shall determine the Restricted Period, i.e., the time or times at
which an Option may be exercised in whole or in part, and the method or methods by which payment of the exercise price with respect thereto may be made or deemed to have been made which may include, without limitation, cash, check acceptable to the
Company, a “cashless-broker” exercise (through procedures approved by the Company), other securities or other property, a note from the Participant (in a form acceptable to the Company), or any combination thereof, having a Fair Market
Value on the exercise date equal to the relevant exercise price. 
 (iii) Forfeiture. Except as otherwise
provided in the terms of the Option grant, upon termination of a Participant’s employment with the Company, or membership on the Board, whichever is applicable, for any reason (other than retirement, death, permanent disability, or approved
leave of absence), including transfer of employment to Sunoco, Inc. (or any subsidiary thereof that is not also a subsidiary of the Company) during the applicable Restricted Period, all Options shall be forfeited by the Participant, unless otherwise
provided in a written employment agreement (if any) between the Participant and the Company or one or more of its Affiliates; provided, however, that the Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a
Participant’s Options; and, further provided, that a Participant who is eligible to receive payment of retirement benefits under the Sunoco, Inc. Retirement Plan, and who terminates voluntarily his or her employment with the Company during the
applicable Restricted Period, shall not forfeit any of his then-outstanding Options, and such Participant shall be treated as though he or she had, in fact, retired during the applicable Restricted Period. 

6.2 Restricted Units. The Committee shall have the authority to determine the Employees and Directors to whom Restricted Units
shall be granted, the number of Restricted Units to be granted to each such Participant, the duration of the Restricted Period, the conditions under which the Restricted Units may become vested or forfeited, and such other terms and conditions as
the Committee may establish respecting such Awards, including whether DERs are granted with respect to such Restricted Units. The Committee may establish, at the time of the grant of Restricted Units, other conditions that must be met for payout to
occur. These conditions shall be set forth in the Committee’s resolution granting the Restricted Units and in the applicable agreements with Participants. 

(i) DERs. To the extent provided by the Committee, in its discretion, a grant of Restricted
Units may include a tandem DER grant, which may provide that such DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee) subject to the same restrictions as
the tandem Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. Notwithstanding the foregoing, payment of all DERs under a tandem DER grant made pursuant to this Section 6.2(i) shall be
made within two and one-half (2- 1/2) months
following the calendar year in which such DERs become nonforfeitable. 
  

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 (ii) Forfeiture. Except as otherwise provided in the terms of the
Award agreement, upon termination of a Participant’s employment with the Company or membership on the Board, whichever is applicable, for any reason (other than retirement, death, permanent disability, or approved leave of absence), including
transfer of employment to Sunoco, Inc. (or any subsidiary thereof that is not also a subsidiary of the Company), during the applicable Restricted Period, all Restricted Units shall be forfeited by the Participant, unless otherwise provided in a
written employment agreement (if any) between the Participant and the Company or one or more of its Affiliates; provided, however, that the Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a
Participant’s Restricted Units; and, further provided, that a Participant who is eligible to receive payment of retirement benefits under the Sunoco, Inc. Retirement Plan, and who terminates voluntarily his or her employment with the
Company during the applicable Restricted Period, shall not forfeit any of his then-outstanding Restricted Units, and such Participant shall be treated as though he or she had, in fact, retired during the applicable Restricted Period. 

(iii) Lapse of Restrictions. Upon, or as soon as reasonably practicable following, the vesting
of each Restricted Unit, but within two and one-half
(2- 1/2) months following the calendar year in which
such Restricted Unit becomes nonforfeitable, the Participant shall be entitled to receive from the Company, and the Company shall pay to the Participant, one Unit or its Fair Market Value, in cash, as determined by the Committee, subject to the
provisions of Section 8.2. 
 6.3 General. 

(i) Awards May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be granted either
alone or in addition to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other Awards or awards
granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 

(ii) Limits on Transfer of Awards. 

(a) Except as provided in (b) below: 

(1) no Award and no right under any such Award may be assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by a Participant and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; 

(2) each Option shall be exercisable only by the Participant during the Participant’s lifetime, or by the person to
whom the Participant’s rights shall pass by will or the laws of descent and distribution; and 
 (b) To the
extent specifically provided by the Committee with respect to an Option grant, an Option may be transferred by a Participant without consideration to immediate family members or related family trusts, limited partnerships or similar entities or on
such terms and conditions as the Committee may from time to time establish. In addition, Awards may be transferred by will and the laws of descent and distribution. 

(iii) Term of Awards. The term of each Award shall be for such period as may be determined by the Committee.

 (iv) Unit Certificates. All certificates for Units or other securities of the Partnership delivered
under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any
stock exchange upon which such Units or other securities are then listed, and any applicable federal or state laws, 

 

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and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

(v) Consideration for Grants. Awards may be granted for such consideration as the Committee determines including,
without limitation, services or such minimal cash consideration as may be required by applicable law. 
 (vi)
Delivery of Units or other Securities and Payment by Participant of Consideration. Notwithstanding anything in the Plan or any grant agreement to the contrary, delivery of Units pursuant to the exercise or vesting of an Award may be deferred
for any period during which, in the good faith determination of the Committee, the Company is not reasonably able to obtain Units to deliver pursuant to such Award without violating the rules or regulations of any applicable law or securities
exchange. No Units or other securities shall be delivered pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award agreement (including, without limitation, any exercise price or any
tax withholding) is received by the Company. Such payment may be made by such method or methods and in such form or forms as the Committee shall determine, including, without limitation, cash, other Awards, withholding of Units, cashless broker
exercises with immediate sale, or any combination thereof; provided, however, that the combined value, as determined by the Committee, of all cash and cash equivalents and the Fair Market Value of any such Units or other property so tendered to the
Company, as of the date of such tender, is at least equal to the full amount required to be paid to the Company pursuant to the Plan or the applicable Award agreement. 

(vii) Change of Control. 

(a) Payment of Restricted Units. In the event of a Qualifying Termination, Restricted Units
will be paid to the Participant no later than the earlier of ninety (90) days following the date of occurrence of such Qualifying Termination or two and one-half
(2- 1/2) months following the end of the calendar
year in which occurs the date of such Qualifying Termination, regardless of whether the applicable performance goals or targets have been met. 

For a Qualifying Termination occurring within the first consecutive twelve-month period following the date of
grant, the number of performance-based Restricted Units paid out with regard to such grant shall be equal to the total number of Restricted Units outstanding in such grant as of the Qualifying Termination, not adjusted for any performance factors.

 For a Qualifying Termination occurring after the first consecutive twelve-month period following the
date of grant, the number of performance-based Restricted Units paid out with regard to such grant shall be the greater of: 

(a) the total number of Restricted Units outstanding in such grant as of the Qualifying Termination, not adjusted for any
performance factors, or 
 (b) the total number of such Restricted Units outstanding in such grant, multiplied by
the applicable performance factors related to the Partnership’s actual performance immediately prior to the Qualifying Termination. 

In the case of an award of Restricted Units conditioned upon the Participant’s continued employment, the total number
of Restricted Units outstanding in such grant as of the Qualifying Termination shall be paid to the Participant. 

The Participant’s Restricted Units shall be payable to the Participant in cash or Units, as determined by the
Committee, as follows: 
 (a) if the Participant is to receive Units, the Participant will receive the total
number of Units stated above in this Section 6.3(vii); or 
 (b) if the Participant is to receive cash, the
Participant will be paid an amount in cash equal to the number of Units stated above in this Section 6.3(vii), multiplied by the 

 

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Fair Market Value per Unit. Such amount will be reduced by the applicable federal, state and local withholding taxes due. 

(b) Payment of Distribution Equivalents. On or before the earlier of the ninetieth
(90th) day following the date of occurrence of such Qualifying Termination or the day that is two and one-half
(2- 1/2) months following the end of the calendar
year in which occurs the date of such Qualifying Termination, the Participant will be paid an amount in cash equal to the value of the applicable DERs on the number of Units being paid pursuant to this Section 6.3(vii) for the time period
immediately preceding the Qualifying Termination. 
 (c) Options. Notwithstanding any provisions to
the contrary in agreements evidencing Options granted thereunder, or in this Plan, each outstanding Option shall become immediately and fully exercisable upon the occurrence of any Qualifying Termination. 

6.4 Payment of Restricted Units on Termination of Employment. For purposes of this Section 6, termination of a
Participant’s employment, and any and all other references to a Participant’s employment being terminated (“Termination of Employment”), shall mean with respect to a Participant such Participant’s separation from service as
defined in Internal Revenue Code (“Code”) Section 409A and the regulations issued thereunder, and a Participant’s Employment Termination Date shall mean the date that a Participant separates from service as defined in Code
Section 409A and the regulations issued thereunder. Notwithstanding any other provisions of this Section 6, payment of any Restricted Unit (and related DER) to any Participant who is a Specified Employee on account of such
Participant’s Termination of Employment shall be made as follows. Restricted Units that are scheduled to be paid for the period which begins on such Participant’s Employment Termination Date and ends on the date six months from such
Participant’s Employment Termination Date, shall not be paid as scheduled, but shall be accumulated and paid in a lump sum on the date six months after the Participant’s Employment Termination Date. In the case of payments delayed pursuant
to this Section 6.4, at the time of a Participant’s Termination of Employment, at the election of the Participant, all or a portion of a Participant’s Restricted Units may be converted to the cash equivalent Fair Market Value of such
units (“Cash Units”). Simple interest will be paid on Cash Units delayed hereunder from the date of such conversion to the date of actual payment, at a rate equal to the prime rate of Citibank, N.A. as in effect from time to time after
such due date. With respect to any Restricted Units that are not converted to Cash Units, and which include a tandem DER, the provisions of Section 6.2(i) will continue to apply to such Restricted Units during the period that payment of
Restricted Units are delayed pursuant to this Section 6.4, with payment of all such DERs made at the time of payment of the associated Restricted Unit hereunder. 

SECTION 7. Amendment and Termination. 

Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award agreement or in the Plan: 

(i) Amendments to the Plan. Except as required by applicable law or the rules of the principal securities exchange
on which the Units are traded and subject to Section 7(ii) below, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner; provided, however, that neither the Board nor the Committee may increase
the number of Units available for Awards under the Plan, without the express prior written consent of the Members of the Company. 

(ii) Amendments to Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter any
Award theretofore granted, provided no change, other than pursuant to Section 7(iii), in any Award shall materially reduce the benefit to Participant without the consent of such Participant. 

(iii) Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. In order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, adjustments will be made in the terms and conditions of, 

 

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and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4.3 of the Plan) affecting the
Partnership or the financial statements of the Partnership, or of changes in applicable laws, regulations, or accounting principles. 

SECTION 8. General Provisions. 

8.1 No Rights to Awards. No Person shall have any claim to be granted any Award, and there is no obligation for
uniformity of treatment of Participants. The terms and conditions of Awards need not be the same with respect to each Participant. 

8.2 Withholding. The Company or any Affiliate is authorized to withhold from any Award, from any payment due or
transfer made under any Award or from any compensation or other amount owing to a Participant the amount (in cash, Units, other securities, Units that otherwise would be issued pursuant to such Award or other property) of any applicable taxes
payable in respect of the grant of an Award, its exercise, the lapse of restrictions thereon, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy its
withholding obligations for the payment of such taxes. 
 8.3 No Right to Employment. The grant of an
Award shall not be construed as giving a Participant the right to be retained in the employment of the Company or any Affiliate or to remain on the Board, as applicable. Further, the Company or an Affiliate may at any time dismiss a Participant from
employment, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award agreement. 

8.4 Governing Law. THE VALIDITY, CONSTRUCTION, AND EFFECT OF THE PLAN AND ANY RULES AND REGULATIONS RELATING TO THE
PLAN SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA AND APPLICABLE FEDERAL LAW. 

8.5 Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or
unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if
it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan
and any such Award shall remain in full force and effect. 
 8.6 Other Laws. The Committee may refuse to
issue or transfer any Units or other consideration under an Award if, in its sole discretion, it determines that the issuance or transfer of such Units or such other consideration might violate any applicable law or regulation, the rules of the
principal securities exchange on which the Units are then traded, or entitle the Partnership or an Affiliate to recover the entire then Fair Market Value thereof under Section 16(b) of the Exchange Act, and any payment tendered to the Company
by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. 

8.7 No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an
Award, such right shall be no greater than the right of any general unsecured creditor of the Company or any Affiliate. 
  

 Page 11 of 12 

 8.8 No Fractional Units. No fractional Units shall be issued or
delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto
shall be canceled, terminated, or otherwise eliminated. 
 8.9 Headings. Headings are given to the
Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

8.10 Facility Payment. Any amounts payable hereunder to any person under legal disability or who, in the judgment
of the Committee, is unable to properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of such person in any manner which the Committee may select, and the Company shall be
relieved of any further liability for payment of such amounts. 
 8.11 Gender and Number. Words in the
masculine gender shall include the feminine and the neuter, the plural shall include the singular and the singular shall include the plural. 

SECTION 9. Term of the Plan. 
 The Plan
shall be effective on the date of its approval by the Board and shall continue until the date terminated by the Board or Units are no longer available for grants of Awards under the Plan, whichever occurs first. However, unless otherwise expressly
provided in the Plan or in an applicable Award Agreement, any Award granted prior to such termination, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any
conditions or rights under such Award, shall extend beyond such termination date. 
  

 Page 12 of 12Form of Restricted Unit Agreement (Performance)

 Exhibit 10.2.1 

RESTRICTED UNIT AGREEMENT 

under the 

SUNOCO PARTNERS LLC LONG-TERM INCENTIVE PLAN 

This Restricted Unit Agreement (the “Agreement”), entered into as of
             (the “Agreement Date”), by and between Sunoco Partners LLC (the “Company”) and
            , an employee of the Company or one of its Affiliates (the “Participant”). 

WHEREAS, in order to make certain awards to officers and/or key employees, the Company maintains the Sunoco Partners LLC
Long-Term Incentive Plan (the “Plan”); and 
 WHEREAS, the Plan is administered by the Compensation
Committee of the Company’s Board of Directors (the “Committee”); and 
 WHEREAS, the Committee has
determined to make an award to the Participant of Restricted Units, representing rights to receive common units, representing limited partnership interests in Sunoco Logistics Partners L.P. (the “Partnership”), which are subject to a risk
of forfeiture by the Participant, pursuant to the terms and conditions of the Plan; and 
 WHEREAS, the
Participant has determined to accept such award; 
 NOW, THEREFORE, the Company and the Participant each,
intending to be legally bound hereby, agree as follows: 
 ARTICLE I 

AWARD OF RESTRICTED UNITS 
  

	1.1	Identifying Provisions. For purposes of this Agreement, the following terms shall have the following respective meanings: 

 

							
	(a)	  	Participant	 	:	  	  

				
	(b)	  	Date of Grant	 	:	  	  

				
	(c)	  	Number of Restricted Units	 	:	  	  

				
	(d)	  	Restricted Period	 	:	  	  

Any initially capitalized terms and phrases used in this Agreement but not otherwise defined herein, shall have the respective meanings
ascribed to them in the Plan. 
  

	1.2	Award of Restricted Units. Subject to the terms and conditions of the Plan and this Agreement, the Participant is hereby granted the number of Restricted Units
set forth herein at Section 1.1. 

  

 Page 1 of 9 

Restricted Unit Agreement (Performance) 

	1.3	Distribution Equivalent Rights (“DERs”). The Participant shall be entitled to receive payment from the Company in an amount equal to each cash
distribution payable subsequent to the Date of Grant (each such entitlement being a distribution equivalent right or “DER”), just as though the Participant, on the applicable record date for payment of such cash distribution, had been the
holder of record of Units, equal to the actual number of Restricted Units, if any, earned and received by the Participant at the end of the Restricted Period. The Company shall establish a bookkeeping methodology to account for the distribution
equivalents to be credited to the Participant in recognition of these DERs. Such distribution equivalents will not bear interest. 

  

	1.4	Performance Measures. Exhibit [2010-1], attached hereto and made a part hereof, sets forth the performance measures that will be applied to determine the amount
of the award earned pursuant to this Agreement. Any or all of these performance measures may be modified by the Committee during, and after the end of, the Restricted Period to reflect significant events that occur during such Restricted Period.

  

	1.5	Payment of Restricted Units and Related DERs. Payment in respect of the Restricted Units, and the related DERs, shall be paid to Participant after the Restricted
Period for such Restricted Units has ended, but only to the extent the Committee determines that the applicable performance targets have been met. 

  

	 	(a)	 Payment in Respect of Restricted Units Earned. Except as provided by Section 1.6 hereof, all payment for Restricted Units earned
shall be made in Units. The number of Units paid shall be equal to the number of Restricted Units earned; provided, however, that any fractional Units shall be rounded up and distributed to the Participant to the nearest whole Unit. Payment
shall be made within two and one-half (2- 1/2)
months following the calendar year in which such Restricted Units become nonforfeitable. 

  

	 	(b)	 Payment of Earned DERs. The Participant will be entitled to receive from the Company at the end of the Restricted Period, payment of an
amount in cash equal to the DERs earned, as determined in accordance with the applicable provisions of Exhibit [2010-I]. Payment of all DERs shall be within two and one-half
(2- 1/2) months following the calendar year in which
such DERs become nonforfeitable. 

 Applicable federal, state and local taxes shall be withheld in
accordance with Section 2.6 hereof. 
  

	1.6	Change of Control. 

  

	 	(a)	 Payment of Restricted Units. In the event of a Qualifying Termination, the Restricted Units subject to this award will be paid to the
Participant no later than the earlier of ninety (90) days following the date of occurrence of such Qualifying Termination or two and one-half (2- 1
/2) months following the end of the calendar year in which occurs the date of such Qualifying Termination, regardless of whether the applicable
Restricted Period has expired or whether applicable performance goals or targets have been met. 

For a Qualifying Termination occurring within the first consecutive twelve-month period following the Date of
Grant, the number of performance-based Restricted Units paid out shall be equal to the total number of Restricted Units outstanding in this award as of the Qualifying Termination, not adjusted for any performance factors. 

For a Qualifying Termination occurring after the first consecutive twelve-month period following the Date of Grant,
the number of performance-based Restricted Units paid out shall be the greater of: 
 (1) the total number of
Restricted Units outstanding in this award as of the Qualifying Termination, not adjusted for any performance factors, or 

(2) the total number of Restricted Units outstanding in this grant, multiplied by the applicable performance factors
related to the Partnership’s actual performance immediately prior to the Qualifying Termination. 
  

 Page 2 of 9 

Restricted Unit Agreement (Performance) 

 The Restricted Units subject to this award shall be payable to the
Participant in cash or Units, as determined by the Committee prior to the Qualifying Termination, as follows: 

(1) if the Participant is to receive Units, the Participant will receive the total number of Units stated above in this
Section 1.6(a); or 
 (2) if the Participant is to receive cash, the Participant will be paid an amount in
cash equal to the number of Units stated above in this Section 1.6(a), multiplied by the Fair Market Value per Unit immediately prior to the Qualifying Termination. Such amount will be reduced by the applicable federal, state and local
withholding taxes due. 
  

	 	(b)	 Distribution Equivalents. On or before the earlier of the ninetieth (90th) day following the date of occurrence of such Qualifying
Termination or the day that is two and one-half
(2- 1/2) months following the end of the calendar
year in which occurs the date of such Qualifying Termination, the Participant will be paid an amount in cash equal to the value of the applicable DERs on the number of Units being paid pursuant to Section 1.6(a) hereof, for the time period
immediately preceding the Qualifying Termination. 

  

	 	(c)	“Qualifying Termination” - of the employment of a Participant shall mean any of the following: 

(a) a termination of employment by the Company within two (2) years after a Change of Control, other than for Cause,
death or disability; or 
 (b) a termination of employment by the Participant within two (2) years after a
Change of Control for one or more of the following reasons: 
 (1) the material reduction of the
Participant’s authorities, duties, or responsibilities as an executive officer and/or officer of the Company form those in effect as of ninety (90) calendar days prior to a Change in Control, other than (i) an insubstantial reduction,
or (ii) an inadvertent reduction that is remedied by the Company promptly after receipt of notice thereof given by the Participant; provided, however, that any reduction in the foregoing resulting from the acquisition of the Company and its
existence as a subsidiary or division of another entity shall not be sufficient to constitute a Qualifying Termination; or 

(2) with respect to any Participant who is a member of the Company’s board of directors immediately prior to the
Change of Control, any failure of the members of the Company to elect or re-elect, or of the Company to appoint or re-appoint, the Participant as a member of such board of directors; 

(3) a reduction by the Company in either the Participant’s annual base salary or guideline (target) bonus as in
effect immediately prior to the Change of Control; or 
 (4) the failure of the Company to provide the
Participant with employee benefits and incentive compensation opportunities that: 
 (i) are not less favorable
than those provided to other executives who occupy the same grade level at the Company as the Participant, or if the Company’s grade levels are no longer applicable, to a similar peer group of the executives of the Company; and 

(ii) provide the Participant with benefits that are at least as favorable, measured separately for: 

(A) incentive compensation opportunities, 

(B) savings and retirement benefits, 

(C) welfare benefits, and 

(D) fringe benefits and vacation 
  

 Page 3 of 9 

Restricted Unit Agreement (Performance) 

 as the most favorable of each such category of benefit in effect for the Participant at any
time during the 120-day period immediately preceding the Change of Control; or 
 (5) the Company requires the
Participant to be based anywhere other than the Participant’s present work location or a location within thirty-five (35) miles from the present location; or the Company requires the Participant to travel on Company business to an extent
substantially more burdensome than such Participant’s travel obligations during the period of twelve (12) consecutive months immediately preceding the Change of Control; 

provided, however, the Participant may not terminate under this subparagraph (b) unless he or she has given written notice
delivered to the Partnership, the Company or their Affiliates, as appropriate, of the action or inaction giving rise to such termination, such notice to state with specificity the nature of the breach, failure or refusal, and such action or inaction
is not corrected within thirty (30) days thereafter; provided further that such termination shall not be deemed to be a Qualifying Termination unless the termination occurs within 120 days after the occurrence of the event or events
constituting the reason for the termination; or 
 (c) before a Change of Control, a termination of employment by
the Company, other than a termination for Cause, or a termination of employment by the Participant for one of the reasons set forth in (b) above, if the affected Participant can demonstrate that such termination or circumstance in
(b) above leading to the termination: 
 (1) was at the request of a third party with which the Company had
entered into negotiations or an agreement with regard to a Change of Control; or 
 (2) otherwise occurred in
connection with a Change of Control; 
 provided, however, that in either such case, a Change of Control actually occurs
within one (1) year following the Employment Termination Date. 
 Any good faith determination made by the Participant that the Participant
has experienced a Qualifying Termination pursuant to Section 1.6(c) shall be conclusive. A Participant’s mental or physical incapacity following the occurrence of an event described above in (c) above shall not affect the
Participant’s ability to have a Qualifying Termination. As used in this Section 1.6, a “termination of employment” means a separation from service as defined in Code Section 409A and the regulations issued thereunder.

  

	1.7	Termination of Employment. 

  

	 	(a)	Death, Disability or Retirement. The Committee has determined that, with regard to any particular Restricted Period, no portion of the Participant’s
Restricted Units, and related DERs, for such Restricted Period shall be forfeited as a result of the occurrence, prior to the end of that Restricted Period, of either of the following: 

 

	 	(1)	the death of the Participant; or 

  

	 	(2)	the termination of the Participant’s employment with the Company by reason of retirement or permanent disability (as each is determined by the Committee).

 Instead, the Participant’s Restricted Units, and related DERs, earned for such Restricted Period shall
remain and be paid out as though the Participant had continued in the employment of the Company through the end of the applicable Restricted Period. 

The Participant’s Restricted Units, and related DERs will remain subject to adjustment for any performance factors in accordance with
the applicable provisions of Exhibit [2010-I] attached hereto, and will be paid out only as, if, and when the applicable performance goals have been met and the Restricted Period has ended, just as though the Participant had continued in the
employment of the Company through the end of the Restricted Period. 
  

	 	(b)	 Other Termination of Employment. Except as provided in Sections 1.6 and 1.7(a)

  

 Page 4 of 9 

Restricted Unit Agreement (Performance) 

	 	 
above, or as determined by the Committee, upon termination of the Participant’s employment with the Company at any time prior to the end of the Restricted Period, the Participant shall
forfeit 100% of such Participant’s Restricted Units, together with the related DERs, and the Participant shall not be entitled to receive any Units, or any payment in respect of any DERs, regardless of the level of performance goals achieved
for all or any part of the Restricted Period. 

  

	 	(c)	Payment of Restricted Units to Specified Employees on Termination of Employment. Termination of a Participant’s employment, and all other references herein
to a Participant’s employment being terminated, shall mean such Participant’s separation from service as defined in Internal Revenue Code Section 409A and the regulations issued thereunder, and a Participant’s Employment
Termination Date shall mean the date that a Participant separates from service as defined in Internal Revenue Code Section 409A and the regulations issued thereunder. Notwithstanding any other provisions of this Agreement, payment of any
Restricted Unit (and related DER) to any Participant who is a Specified Employee on account of such Participant’s Termination of Employment shall be made as follows: 

 

	 	(1)	Restricted Units scheduled to be paid for the period beginning on such Participant’s Employment Termination Date and ending on the date six (6) months from
such Participant’s Employment Termination Date, shall not be paid as scheduled, but shall be accumulated and paid in a lump sum on the date six (6) months after the Participant’s Employment Termination Date. In the case of payments so
delayed at the time of a Participant’s Termination of Employment, all or a portion of a Participant’s Restricted Units may be converted, at the election of the Participant, to the cash equivalent Fair Market Value of such Units (“Cash
Units”). Simple interest will be paid thereon from the date of such conversion to the date of actual payment, at a rate equal to the prime rate of Citibank, N.A. as in effect from time to time after such due date. With respect to any Restricted
Units that are not converted to Cash Units, and which include a tandem DER, the provisions of this Section 1.7(c)(1) will continue to apply to such Restricted Units during the period that payment of Restricted Units are delayed pursuant to this
Section 1.7, with payment of all such DERs made at the time of payment of the associated Restricted Unit hereunder. 

ARTICLE II 

GENERAL PROVISIONS 
  

	2.1	Non-Assignability. The Restricted Units and the related earned DERs covered by this Agreement shall not be assignable or transferable by the Participant, except
by will or the laws of descent and distribution, unless otherwise provided by the Committee. During the life of the Participant, the Restricted Units and the related DERs covered by this Agreement shall be payable only to the Participant or the
guardian or legal representative of such Participant, unless the Committee provides otherwise. 

  

	2.2	Heirs and Successors. This Agreement shall be binding upon and inure to the benefit of, the Company and its successors and assigns, and upon any person
acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. In the event of the Participant’s death prior to payment of the Restricted Units and/or the
related DERs, payment may be made to the estate of the Participant to the extent such payment is otherwise permitted by this Agreement. Subject to the terms of the Plan, any benefits distributable to the Participant under this Agreement that are not
paid at the time of the Participant’s death shall be paid at the time and in the form determined in accordance with the provisions of this Agreement and the Plan, to the legal representative or representatives of the estate of the Participant.

  

 Page 5 of 9 

Restricted Unit Agreement (Performance) 

	2.3	No Right of Continued Employment. The receipt of this award does not give the Participant, and nothing in the Plan or in this Agreement shall confer upon the
Participant, any right to continue in the employment of the Company or any of its subsidiaries. Nothing in the Plan or in this Agreement shall affect any right which the Company or any of its subsidiaries may have to terminate the employment of the
Participant. The payment of earned Restricted Units, and the related DERs, under this Agreement shall not give the Company or any of its subsidiaries any right to the continued services of the Participant for any period. 

 

	2.4	Rights as a Limited Partner. Neither the Participant nor any other person shall be entitled to the privileges of ownership of Units, or otherwise have any rights
as a limited partner, by reason of the award of the Restricted Units covered by this Agreement or any Partnership Units, issuable in respect of such Restricted Units, unless and until such Units have been validly issued to such Participant or such
other person as fully paid common units, representing limited partnership interests in the Partnership. 

  

	2.5	Registration of Common Units. Notwithstanding any other provision of this Agreement, the Restricted Units shall not be or become payable in whole or in part
unless a registration statement with respect to the common units subject thereto has been filed with the Securities and Exchange Commission and has become effective. 

 

	2.6	Tax Withholding. All distributions under this Agreement are subject to withholding of all applicable taxes. 

 

	 	(a)	Payment in Common Units. Immediately prior to the payment of any common units to Participant in respect of earned Restricted Units, the Participant shall
remit an amount sufficient to satisfy any Federal, state and/or local withholding tax due on the receipt of such Units. At the election of the Participant, and subject to such rules as may be established by the Committee, such withholding
obligations may be satisfied through the surrender of Units and otherwise payable to Participant in respect of such earned Restricted Units. 

  

	 	(b)	Payment in Cash. Cash payments in respect of any earned Restricted Units, and/or the related DERs, shall be made net of any applicable federal, state, or
local withholding taxes. 

  

	2.7	Adjustments. In the event of any change in the outstanding Units by reason of a distribution, re-capitalization, merger, consolidation, split-up, combination,
exchange of Units or the like, an equitable and proportionate adjustment will be made to prevent dilution or enlargement of benefits intended to be made available under the Plan, to offset any resultant change in the price of Units representing
limited partnership interests in the Partnership, and to preserve the intrinsic value of awards previously granted under the Plan. 

  

	2.8	Leaves of Absence. The Committee shall make such rules, regulations and determinations as it deems appropriate under the Plan in respect of any leave of absence
taken by the Participant. Without limiting the generality of the foregoing, the Committee shall be entitled to determine: 

  

	 	(a)	whether or not any such leave of absence shall constitute a termination of employment within the meaning of the Plan; and 

 

	 	(b)	the impact, if any, of any such leave of absence on any prior awards made to the Participant under the Plan. 

 

	2.9	 Administration. Pursuant to the Plan, the Committee is vested with conclusive authority to interpret and construe the Plan, to adopt rules and
regulations for carrying out the Plan, and to make determinations with respect to all matters relating to this Agreement, the Plan and awards made pursuant thereto. The authority to manage and control the operation and administration

  

 Page 6 of 9 

Restricted Unit Agreement (Performance) 

	 	 
of this Agreement shall be likewise vested in the Committee, and the Committee shall have all powers with respect to this Agreement as it has with respect to the Plan. Any interpretation of this
Agreement by the Committee, and any decision made by the Committee with respect to this Agreement, shall be final and binding. 

  

	2.10	Effect of Plan; Construction. The entire text of the Plan is expressly incorporated herein by this reference and so forms a part of this Agreement. In the event
of any inconsistency or discrepancy between the provisions of this Restricted Unit Agreement and the terms and conditions of the Plan under which such Restricted Units are granted, the provisions in the Plan shall govern and prevail. The Restricted
Units, the related DERs and this Agreement are each subject in all respects to, and the Company and the Participant each hereby agree to be bound by, all of the terms and conditions of the Plan, as the same may have been amended from time to time in
accordance with its terms; provided, however, that no such amendment shall deprive the Participant, without such Participant’s consent, of any rights earned or otherwise due to Participant hereunder. 

 

	2.11	Amendment. This Agreement shall not be amended or modified except by an instrument in writing executed by both parties to this Agreement, without the consent of
any other person, as of the effective date of such amendment. 

  

	2.12	Captions. The captions at the beginning of each of the numbered Sections and Articles herein are for reference purposes only and will have no legal force or
effect. Such captions will not be considered a part of this Agreement for purposes of interpreting, construing or applying this Agreement and will not define, limit, extend, explain or describe the scope or extent of this Agreement or any of its
terms and conditions. 

  

	2.13	Governing Law. THE VALIDITY, CONSTRUCTION, INTERPRETATION AND EFFECT OF THIS INSTRUMENT SHALL EXCLUSIVELY BE GOVERNED BY AND DETERMINED IN ACCORDANCE WITH THE
LAW OF THE COMMONWEALTH OF PENNSYLVANIA (WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PRINCIPLES THEREOF), EXCEPT TO THE EXTENT PREEMPTED BY FEDERAL LAW, WHICH SHALL GOVERN. 

 

	2.14	Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing, by facsimile, by overnight courier or by
registered or certified mail, postage prepaid and return receipt requested. Notices to the Company shall be deemed to have been duly given or made upon actual receipt by the Company. Such communications shall be addressed and directed to the parties
listed below (except where this Agreement expressly provides that it be directed to another) as follows, or to such other address or recipient for a party as may be hereafter notified by such party hereunder: 

 

			
	(a) if to the Company:	  	SUNOCO PARTNERS LLC
		  	Board of Directors
		  	1818 Market Street, Suite 1500
		  	Philadelphia, Pennsylvania, 19103
		  	Attention: Vice President, General Counsel and Secretary
		
	(b) if to the Participant:	  	to the address for Participant as it appears on the Company’s records.

  

	2.15	Severability. If any provision hereof is found by a court of competent jurisdiction to be prohibited or unenforceable, it shall, as to such jurisdiction, be
ineffective only to the extent of such prohibition or unenforceability, and such prohibition or unenforceability shall not invalidate the balance of such provision to the extent it is not prohibited or unenforceable, nor invalidate the other
provisions hereof. 

  

 Page 7 of 9 

Restricted Unit Agreement (Performance) 

	2.16	Entire Agreement. This Agreement constitutes the entire understanding and supersedes any and all other agreements, oral or written, between the parties hereto,
in respect of the subject matter of this Agreement and embodies the entire understanding of the parties with respect to the subject matter hereof. 

[SIGNATURE PAGE FOLLOWS] 
  

 Page 8 of 9 

Restricted Unit Agreement (Performance) 

 IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have executed
this Agreement as of the day first above written. 
  

			
	SUNOCO PARTNERS LLC
		
	By:	 	  

		 	Lynn L. Elsenhans
		 	Chief Executive Officer
		
	By:	 	  

		
	Name:	 	  

		 	Participant

  

 Page 9 of 9 

Restricted Unit Agreement (Performance)

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