Document:

Sixth Amended and Restated Long-Term Incentive Plan - Restricted

 Exhibit 10.4 
 PENN VIRGINIA RESOURCE GP, LLC 
 SIXTH AMENDED AND RESTATED LONG-TERM
INCENTIVE PLAN 
 RESTRICTED UNIT AWARD AGREEMENT 

THIS RESTRICTED UNIT AWARD AGREEMENT is made as of
                    , 2011 (the “Effective Date”) between Penn Virginia Resource GP, LLC, a Delaware limited liability company (the
“Company”), the general partner of Penn Virginia Resource Partners, L.P. (the “Partnership”) and
                                        
(“Employee”). 
 1. Award of Units. As of the Effective Date, the Company hereby grants to Employee
                     common units of Penn Virginia Resource Partners, L.P. (“Units”) pursuant to the Penn Virginia Resource GP, LLC
Sixth Amended and Restated Long-Term Incentive Plan, effective May 12, 2011 (the “Plan”). Employee agrees that this award of Units shall be subject to all of the terms and conditions set forth herein and in the Plan, including any
future amendments thereto, which Plan is incorporated herein by reference as a part of this Agreement. In the event of any conflict between the terms of this Agreement and the Plan, the terms of the Plan shall govern. All terms capitalized but not
defined herein will have the meanings assigned to them in the Plan. 
 2. Forfeiture Restrictions. The Units
granted to Employee pursuant to this Agreement may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in
the event of Employee’s termination from the Company for any reason (other than as described below), Employee shall automatically upon such termination, for no consideration, forfeit to the Company all Units to the extent then subject to the
Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Units to the Company upon termination from the Company are herein referred to as “Forfeiture Restrictions,” and the Units which are then
subject to the Forfeiture Restrictions are herein sometimes referred to as “Restricted Units.” The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of the Units. The Forfeiture Restrictions shall lapse
as to Restricted Units issued to Employee pursuant to this Agreement as follows: (i) as to one-third (1/3) of the Restricted Units granted to Employee hereunder, on the first anniversary of the Effective Date; (ii) as to an additional
one-third (1/3) of the Restricted Units granted to Employee hereunder, on the second anniversary of the Effective Date; and (iii) as to the remaining one-third (1/3) of the Restricted Units granted to Employee hereunder, on the third
anniversary of the Effective Date; provided however, that notwithstanding the foregoing, the Forfeiture Restrictions shall lapse as to all of the Restricted Units on the date a Change of Control occurs or upon the death or Retirement of Employee.

 3. Certificates. A certificate evidencing the Restricted Units shall be issued in Employee’s name,
pursuant to which Employee shall have voting rights and shall be entitled to receive all distributions on such Units free and clear of any Forfeiture Restrictions. The certificate shall bear the following legend: 

The Units evidenced by this certificate have been issued pursuant to an agreement, made as of
                    , a copy of which is attached hereto and incorporated herein, between the Company and the registered holder of the Units,
and are subject to forfeiture to the Company under certain circumstances described in such agreement. The sale, assignment, pledge or other transfer of the Units evidenced by this certificate is prohibited under the terms and conditions of such
agreement, and such Units may not be sold, assigned, pledged or otherwise transferred except as provided in such agreement. 

  

					
		 		 	RESTRICTED UNIT AWARD
		 		 	AGREEMENT

 The Company may cause the certificate to be delivered upon issuance to the Secretary of the
Company as a depository for safekeeping until the forfeiture occurs or the Forfeiture Restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, Employee shall deliver to the Company a unit power, endorsed in blank,
relating to the Restricted Units then subject to the Forfeiture Restrictions. Upon the lapse of the Forfeiture Restrictions without forfeiture, the Company shall cause a new certificate or certificates to be issued for the remaining Units without
legend in the name of Employee in exchange for the certificate evidencing the Restricted Units. Notwithstanding the foregoing, the Company may cause any Units granted hereunder to be uncertificated. 

4. Consideration. It is understood that the consideration for the issuance of Restricted Units shall be Employee’s
agreement to render future services as Employee of the Company. 
 5. Status of Units. Employee agrees that the
Restricted Units will not be sold or otherwise disposed of in any manner that would constitute a violation of any applicable federal or state securities laws. Employee also agrees that (i) the certificates representing the Restricted Units may
bear such legend or legends as the Committee deems appropriate in order to ensure compliance with applicable securities laws, (ii) Penn Virginia Resource Partners, L.P. may refuse to register the transfer of the Restricted Units on the unit
transfer records of Penn Virginia Resource Partners, L.P. if such proposed transfer would in the opinion of counsel satisfactory to Penn Virginia Resource Partners, L.P. constitute a violation of any applicable securities law, and (iii) Penn
Virginia Resource Partners, L.P. may give related stop transfer instructions to its transfer agent. 
 6. Committee’s
Powers. No provision contained in this Agreement shall in any way terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering any of the powers, rights or authority vested in the Committee pursuant to the
terms of the Plan, including, without limitation, the Committee’s rights to make certain determinations and elections with respect to the Restricted Units. 
 7. Binding Effect. This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under Employee. 

8. Non-Alienation. To the extent subject to the Forfeiture Restrictions, Employee shall not have any right to pledge,
hypothecate, anticipate or assign this Agreement or the rights with respect to Units granted hereunder, except by will or the laws of descent and distribution. 

  
 2 

 9. No Membership Rights Conferred. This Agreement shall not be deemed to
(i) confer upon Employee any right with respect to continuation of employment or (ii) affect the terms and conditions of any other agreement between the Company and Employee except as expressly provided herein. 

10. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original, but all of which together will constitute one and the same Agreement. 
 11. Governing Law. This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware. 
 IN WITNESS WHEREOF, the
Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and Employee has executed this Agreement, all effective as of the Effective Date. 

 

			
	PENN VIRGINIA RESOURCE GP, LLC
		
	By:	 	  

	Name:	 	Bruce D. Davis, Jr.
	Title:	 	 Executive Vice President and

General Counsel

 I
hereby accept the grant of Restricted Units described in this Agreement, and I agree to be bound by the terms of the Plan and this Agreement. 
  

	
	  

	Name

  
 3Sixth Amended and Restated Long-Term Incentive Plan - Phantom

 Exhibit 10.5 
 PENN VIRGINIA RESOURCE GP, LLC 
 SIXTH AMENDED AND RESTATED LONG-TERM
INCENTIVE PLAN 
 PHANTOM UNIT AWARD AGREEMENT 

This PHANTOM UNIT AWARD AGREEMENT (the “Agreement”), dated as of
                    , 2011 (the “Date of Grant”), is delivered by Penn Virginia Resource GP, LLC (the “Company”), the
general partner of Penn Virginia Resource Partners, L.P. (the “Partnership”) to                      (the “Participant”).

 RECITALS 
 The Company’s Sixth Amended and Restated Long-Term Incentive Plan, effective as of May 12, 2011 (the “Plan”) provides for the award of Phantom Units (as defined in the Plan) in
accordance with the terms and conditions of the Plan. The Compensation and Benefits Committee of the Board of Directors of the Company (the “Committee”) has decided to award Phantom Units to the Participant as an inducement for the
Participant to promote the best interests of the Company and the Partnership and its unitholders. All terms capitalized but not defined herein shall have the meanings assigned to them in the Plan. Copies of the Plan and the Plan prospectus are being
provided to the Participant with this Agreement. 
 NOW, THEREFORE, the parties to this Agreement, intending to be legally
bound, hereby agree as follows: 
 1. Award of Phantom Units. Subject to the terms and conditions set forth in this
Agreement and the Plan, the Company hereby grants the Participant                      Time-Based Phantom Units and
                     Performance-Based Phantom Units (together, the “Phantom Units”). 

2. Phantom Unit Account. Phantom Units represent hypothetical Units and not actual Units. The Company shall establish and maintain
a bookkeeping account on its records for the Participant (a “Phantom Unit Account”) and shall record in such Phantom Unit Account (i) the number and type of Phantom Units granted to the Participant and (ii) either (A) the
number of Units payable to the Participant on account of Phantom Units that have vested or (B) subject to Section 5(a)(ii) below, the amount of cash payable to the Participant on account of Phantom Units that have vested. No Units shall be
issued to the Participant at the time the grant is made, and the Participant shall not be, nor have any of the rights or privileges of, a unitholder of the Partnership with respect to any Phantom Units recorded in the Phantom Unit Account. The
Participant shall not have any interest in any fund or specific assets of the Partnership by reason of this award or the Phantom Unit Account established for the Participant. 
 3. Vesting and Non-Transferability. 
 (a) Except as provided in subsections
3(b) and (c) below, or in any other agreement between Participant and Company or its Affiliates, the Phantom Units shall be subject to forfeiture until the Phantom Units vest. Except as provided in subsections 3(b) and (c) below, the
Phantom Units shall vest according to the schedule set forth in Exhibit A, if the Participant continues to be employed by the Company or any of its Affiliates from the Date of Grant until the applicable vesting date. Exhibit B, attached hereto and
made a part hereof, sets forth the performance measures that will be applied to determine the amount, if any, of Performance-Based Phantom Units earned pursuant to this Agreement. 

 If the foregoing Exhibit A would produce fractional Phantom Units, the number of Phantom
Units that vests shall be rounded down to the nearest whole Phantom Unit. 
 (b) Notwithstanding any provision to the contrary
herein or in the Plan, in the event that (i) the Participant is at the Date of Grant or becomes Retirement Eligible or (ii) the Participant’s employment is terminated on account of the Participant’s death or Disability (as
defined in Section 409A(a)(2)(C) of the Code), the Phantom Units shall become fully vested and nonforfeitable on the date on which the Participant becomes Retirement Eligible (or on the Date of Grant if the Participant is already Retirement
Eligible) or the date of the Participant’s death or Disability. 
 (c) Notwithstanding any provision to the contrary herein
or in the Plan, in the event of a Change of Control, the outstanding Phantom Units shall become fully vested and nonforfeitable upon the date of the Change of Control. Performance measures, if any, shall be deemed to have been achieved at the target
level. 
 4. Termination of Phantom Units. Except as provided in the terms of any other agreement between Participant and
the Company or its Affiliates, if the Participant’s employment with the Company terminates for any reason other than as described in subsection 3(b) above before the Phantom Units vest, any unvested Phantom Units shall automatically terminate
and shall be forfeited as of the date of the Participant’s termination of employment. No payment shall be made with respect to any unvested Phantom Units that terminate as described in this Section 4. 

5. Timing and Manner of Payment of Phantom Units. 
 (a) When the Phantom Units vest in accordance with Section 3 above, the Participant (or the Participant’s beneficiary or estate, in the event of the Participant’s death) shall receive
(i) that number of Units equal to the number of Phantom Units that vested or (ii) at the Participant’s request and upon the approval of the Committee, a lump sum cash payment equal to the product of (x) the Fair Market Value of a
Unit on the date on which the Phantom Units vest times (y) the number of such vested Phantom Units subject, in either case, to withholding as described below. Except as provided in subsections 5(c), (d), (e) and (f) below, payment
shall be made within sixty (60) days after the date on which such Phantom Units vest. 
 (b) Notwithstanding any provision
to the contrary herein or in the Plan, in the event the Phantom Units accelerate when the Participant is at the Date of Grant or becomes Retirement Eligible as described in subsection 3(b)(i) above, the Participant shall receive payment with respect
to such Phantom Units, except as provided in subsections 5(c), (d), (e) and (f) below, within sixty (60) days after the date the Phantom Units would otherwise have vested under subsection 3(a) above. All Performance-Based Phantom
Units will remain subject to adjustment for any performance factors in accordance with the applicable provisions of Exhibit B attached hereto, and will be paid out only if and when the applicable performance goals have been met

  

					
		  	2	  	PVR Phantom Unit Grant

 
and the performance period has ended. Any lump sum cash payment made with respect to such Phantom Units pursuant to Section 5(a)(ii) above shall be equal to the product of (x) the Fair
Market Value of a Unit on the otherwise applicable vesting date set forth in subsection 3(a) above times (y) the number of such vested Phantom Units. 
 (c) Notwithstanding any provision to the contrary herein or in the Plan, in the event the Phantom Units accelerate on account of the Participant’s death or Disability as described in subsection
3(b)(ii) above, the Participant or the Participant’s estate shall receive payment with respect to such Phantom Units, except as provided in subsections 5(d), (e) and (f) below, within sixty (60) days after the date of the
Participant’s death or Disability. Any lump sum cash payment made with respect to such Phantom Units pursuant to Section 5(a)(ii) above shall be equal to the product of (i) the Fair Market Value of a Unit on the date of the
Participant’s death or Disability times (ii) the number of such vested Phantom Units. 
 (d) Notwithstanding any
provision to the contrary herein or in the Plan, in the event the Phantom Units accelerate upon a Change of Control as described in subsection 3(c) above, the Participant shall receive payment with respect to such Phantom Units, except as provided
in subsection 5(f) below, within sixty (60) days after the Change of Control; provided, however, that Phantom Units shall be paid within sixty (60) days after such Change of Control (except as provided in subsection 5(f)
below) only if the transaction constituting a Change of Control under this Agreement is also a “change in control event” for purposes of section 409A of the Code (“409A Change in Control Event”). Any lump sum cash payment made
with respect to such Phantom Units pursuant to Section 5(a)(ii) above shall be equal to the product of (i) the Fair Market Value of a Unit on the date of the Change of Control, times (ii) the number of such vested Phantom Units. If,
however, the transaction constituting a Change of Control does not constitute a 409A Change in Control Event, the Participant shall receive payment with respect to such Phantom Units, except as provided in subsection 5(f) below, within sixty
(60) days after the earlier of (x) the date the Phantom Units would otherwise have vested under subsection 3(a) or (y) the date of the Participant’s termination of employment following the Change of Control. Any lump sum cash
payment made with respect to such Phantom Units pursuant to Section 5(a)(ii) above shall be equal to the product of (A) the Fair Market Value of a Unit on the date of the Change of Control, times (B) the number of such vested Phantom
Units. 
 (e) Notwithstanding any provision to the contrary herein or in the Plan, if on the date of the Participant’s
termination of employment, the Participant is a “specified employee” (within the meaning of section 409A of the Code) as determined by the Board of Directors of Penn Virginia Corporation (or its delegate) in its sole discretion in
accordance with its “specified employee” determination policy, then all payments payable to the Participant under this Agreement that are deemed as deferred compensation subject to the requirements of section 409A of the Code shall be
postponed for a period of six (6) months following the Participant’s “separation from service” with the Company (or any Affiliate or successor thereto) (the “postponed amounts”). The postponed amounts shall be credited
with interest as described in subsection 7(b) below and paid to the Participant in a lump sum within thirty (30) days after the date that is six (6) months following the Participant’s “separation from service” with the
Company (or any Affiliate or successor thereto). If the Participant dies during the postponement period, the postponed amounts shall be paid to the personal representative of the Participant’s estate within sixty (60) days after
Participant’s death. 

  

					
		  	3	  	PVR Phantom Unit Grant

 (f) Notwithstanding any provision to the contrary herein or in the Plan, if, at the time the
Participant’s Phantom Units vest as described in Section 3 above, the amount of (i) any Phantom Units that is otherwise payable hereunder plus (ii) any other compensation to the Participant that is taken into account for purposes
of section 162(m) of the Code for the year (“Other Compensation”) exceeds or is expected to exceed the $1,000,000 limit on deductible compensation under section 162(m) of the Code (the “Limit”), then payment of any Phantom Units
to the extent (or all of the Phantom Units if Other Compensation is already or is expected to be over the Limit) that it plus all Other Compensation is in excess of the Limit shall automatically be deferred until the date of the Participant’s
“separation from service” under section 409A of the Code, subject to the six-month delay described in subsection 5(d) above. 
 6. DERs. 
 (a) Time-Based Phantom Units. Until such time as the
Time-Based Phantom Units vest and are paid or are forfeited, if any cash distributions are paid with respect to the Units, the Partnership shall pay the Participant, in cash, the amount of the distribution that would have been distributed if the
Time-Based Phantom Units credited to the Participant’s Phantom Unit Account at the time of the distribution payment were Units. The distribution equivalent payment shall be made within thirty (30) days after the cash distribution is paid
with respect to the Units. 
 (b) Performance-Based Phantom Units. Until such time as the Performance-Based Phantom Units
vest and are paid or are forfeited, if any cash distributions are paid with respect to the Units, the Partnership shall establish a bookkeeping account to credit the amount of the distribution that would have been distributed if the
Performance-Based Phantom Units credited to the Participant’s Phantom Unit Account at the time of the distribution payment were Units. Such distribution equivalents will not bear interest. At the time the Participant’s Performance-Based
Phantom Units vest as described in Section 3 above, the Participant shall be entitled to receive payment of an amount in cash equal to the accumulated distributions on the Performance-Based Phantom Units actually earned. Payment of all
distribution equivalents on Performance-Based Phantom Units shall be made within sixty (60) days after the date on which such Performance-Based Phantom Units vest. If Performance-Based Phantom Units are forfeited, all distribution equivalents
shall also be forfeited. 
 7. Earnings. If vested Phantom Units are not paid within 60 days after the date such Phantom
Units vest, the Company shall credit the cash value, if any, recorded in the Participant’s Phantom Unit Account with earnings through the date the Phantom Units are paid as if such cash balance of the Participant’s Phantom Unit Account had
been invested at a rate equal to the prime rate published in the Wall Street Journal on the applicable vesting date of the Phantom Unit. 
 8. Grant Subject to Plan Provisions. This grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with
the Plan. The grant is subject to interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining
to (a) rights and obligations with respect to withholding taxes, (b) the registration, qualification or listing of the Units, (c) changes in capitalization of the Partnership, (d) compliance with section 409A of the Code and
(e) other requirements of applicable law. The Committee shall have the authority to interpret and construe the grant pursuant to the terms of the Plan, and its decisions shall be conclusive as to questions arising hereunder. 

  

					
		  	4	  	PVR Phantom Unit Grant

 9. No Employment or Other Rights. This grant shall not confer upon the Participant
any right to be retained by or in the employ of the Company or any Affiliate and shall not interfere in any way with the right of the Company or any Affiliate to terminate the Participant’s employment at any time. The right of the Company or
any Affiliate to terminate at will the Participant’s employment at any time for any reason is specifically reserved. 
 10.
Withholding Tax. All obligations of the Company under this Agreement shall be subject to the rights of the Company or any Affiliate to withhold amounts required to be withheld for any taxes, if applicable. The Participant shall be required to
pay to the Company, or make other arrangements satisfactory to the Company to provide for the payment of, any federal, state, local or other taxes that the Company or any Affiliate is required to withhold with respect to the Phantom Units.

 11. No Unitholder Rights. Neither the Participant, nor any person entitled to receive payment in the event of the
Participant’s death, shall have any of the rights and privileges of a unitholder with respect to Units until such Units vest. 
 12. Assignment and Transfers. Except as the Committee may otherwise permit pursuant to the Plan, the rights and interests of the Participant under this Agreement may not be sold, assigned,
encumbered or otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution. In the event of any attempt by the Participant to alienate, assign, pledge, hypothecate or otherwise
dispose of the Phantom Units or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the
Phantom Units by notice to the Participant, and the Phantom Units and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the
Company’s Affiliates. This Agreement may be assigned by the Company without the Participant’s consent. 
 13.
Applicable Law. The validity, construction, interpretation and effect of this instrument shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the conflicts of laws provisions
thereof. 
 14. Notice. Any notice to the Company provided for in this instrument shall be addressed to the Company in
care of General Counsel at Five Radnor Corporate Center, Suite 500, 100 Matsonford Road, Radnor, PA 19087 and any notice to the Participant shall be addressed to such Participant at the current address known by the Company, or to such other address
as the Participant may designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office
regularly maintained by the United States Postal Service. 

  

					
		  	5	  	PVR Phantom Unit Grant

 15. Section 409A of the Code. This Agreement shall be interpreted to avoid any
penalty sanctions under section 409A of the Code. If any payment cannot be provided or made at the time specified herein without incurring sanctions under section 409A of the Code, then such payment shall be provided in full at the earliest time
thereafter when such sanctions will not be imposed. All payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” under section 409A of the Code. For purposes of section
409A of the Code, each payment made under this Agreement shall be treated as a separate payment, and if a payment is not made by the designated payment date under the Agreement, the payment shall be made by December 31 of the calendar year in
which the designated date occurs. In no event shall the Participant, directly or indirectly, designate the calendar year of payment. 
 [Signature Page Follows] 

  

					
		  	6	  	PVR Phantom Unit Grant

 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute and attest
this instrument, and the Participant has placed his or her signature hereon, effective as of the Date of Grant. 
  

			
	Penn Virginia Resource GP, LLC
		
	By:	 	 
	Name:	 	Bruce D. Davis, Jr.
	Title:	 	Executive Vice President and General Counsel

 I hereby accept the grant of Phantom Units described in this Agreement, and I agree to be bound by the terms of the Plan and this Agreement. I hereby agree that I have received delivery of the Plan
prospectus and that all of the decisions and determinations of the Committee with respect to the Phantom Units shall be final and binding. 
  

	
	  
	 [Participant]

  

					
		  	7	  	PVR Phantom Unit Grant

 Exhibit A 
 Time-Based Phantom Units: 
 Vesting Period: 

 

			
	 Vesting Date
	 	 Vested Phantom Units

	 [            ]
	 	[            ]
	 [            ]
	 	[            ]
	 [            ]
	 	[            ]

 The vesting of the Time-Based Phantom Units shall be cumulative, but shall not exceed 100% of the Time-Based Phantom Units granted. 
 Performance-Based Phantom Units: 
 Performance Period: The performance period for the
Performance-Based Phantom Units begins on January 1,                  and ends on December 31,
                . Pursuant to the terms of the Award Agreement, a percentage of the Award will vest and become payable at the end of Performance Period based upon
the level of achievement of the performance measures specified in Exhibit B. 
 The vesting the Performance-Based Phantom Units shall not exceed
200% of the Performance-Based Phantom Units granted. 

  

					
		  	8	  	PVR Phantom Unit Grant

 Exhibit B 
 [Performance Measures] 

  

					
		  	9	  	PVR Phantom Unit Grant

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