Document:

Restricted Unit Grant Agreement

 Exhibit 10.26 
 Targa Resources Partners 
 Long-Term Incentive Plan 
 Restricted Unit Grant Agreement 
  

			
	Grantee:                                    
                         	  	
		
	Grant
Date:                                       
    , 200    	  	
		
	Number of Restricted
Units:                           	  	

  

	1.	Grant of Restricted Units. Targa Resources GP LLC (the “Company”) hereby grants to you the above number of Restricted Units under the Targa Resources
Partners Long-Term Incentive Plan (the “Plan”) on the terms and conditions set forth herein and in the Plan, which 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 Plan shall control. Capitalized terms used in this Agreement but not defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise. 

  

	2.	Vesting. Except as otherwise provided in Paragraph 3 below, the Restricted Units granted hereunder shall vest on the anniversary of the Grant Date as follows:

  

						
	 Anniversary of
Grant Date
	  	Cumulative
Vested Percentage	 	 	 
	 prior to 1st anniversary
	  	0	%	 	
			
	 On the 1st anniversary
	  	33 1/3	%	 	
			
	 on the 2nd anniversary
	  	66 2/3	%	 	
			
	 on the 3rd anniversary
	  	100	%	 	

 Distributions on a Restricted Unit shall be vested when made and will be paid to you currently.

  

	3.	Events Occurring Prior to Full Vesting. 

  

	 	(a)	Death or Disability. If your membership on the Board terminates as a result of your death or a disability that substantially prevents you from performing your duties
(as determined by the Board), the Restricted Units then held by you (and any distributions thereon being held) automatically will become fully vested upon such termination. 

	 	(b)	Other Terminations. If your membership on the Board terminates for any reason other than as provided in Paragraph 3(a) above, all unvested Restricted Units then held
by you automatically shall be forfeited without payment upon such termination. 

  

	 	(c)	Change of Control. All outstanding Restricted Units held by you automatically shall become fully vested upon a Change of Control. 

 For purposes of this Paragraph 3, “membership on the Board” shall include being an Employee or a Director of, or a Consultant to, the Company
or an Affiliate. 
  

	4.	Unit Certificates. A certificate evidencing the Restricted Units may be issued in your name, pursuant to which you shall have all voting rights of a holder of a Unit,
if any. The certificate shall bear the following legend: 

 The Units evidenced by this certificate have been
issued pursuant to an agreement made as of                     , 200    , 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. 
 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 restrictions lapse pursuant to the terms of this Agreement. Upon request of the Company, you shall deliver to the Company a unit power, endorsed in blank, relating to the Restricted Units then subject to the
restrictions. Upon the lapse of the restrictions without forfeiture, the Company shall cause a certificate or certificates to be issued without legend in your name in exchange for the certificate evidencing the Restricted Units. 
  

	5.	Limitations Upon Transfer. All rights under this Agreement shall belong to you alone and may not be transferred, assigned, pledged, or hypothecated by you in any way
(whether by operation of law or otherwise), other than by will or the laws of descent and distribution and shall not be subject to execution, attachment, or similar process. Upon any attempt by you to transfer, assign, pledge, hypothecate, or
otherwise dispose of such rights contrary to the provisions in this Agreement or the Plan, or upon the levy of any attachment or similar process upon such rights, such rights shall immediately become null and void. 

  

	6.	 Restrictions. By accepting this grant, you agree that any Units that you may acquire upon vesting of this award will not be sold or otherwise disposed
of in any manner that would constitute a violation of any applicable federal or state securities laws. You also agree that (i) the certificates representing the Units acquired under this award 

  

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may bear such legend or legends as the Company deems appropriate in order to assure compliance with applicable securities laws, (ii) the Company may
refuse to register the transfer of the Units acquired under this award on the transfer records of the Partnership if such proposed transfer would in the opinion of counsel satisfactory to the Partnership constitute a violation of any applicable
securities law, and (iii) the Partnership may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Units to be acquired under this award. 
  

	7.	Withholding of Taxes. To the extent that the grant or vesting of a Restricted Unit or distribution thereon results in the receipt of compensation by you with respect
to which the Company or an Affiliate has a tax withholding obligation pursuant to applicable law, unless other arrangements have been made by you that are acceptable to the Company or such Affiliate, you shall deliver to the Company or the Affiliate
such amount of money as the Company or the Affiliate may require to meet its withholding obligations under such applicable law. No issuance of an unrestricted Common Unit shall be made pursuant to this Agreement until you have paid or made
arrangements approved by the Company or the Affiliate to satisfy in full the applicable tax withholding requirements of the Company or Affiliate with respect to such event. 

  

	8.	Insider Trading Policy. The terms of the Company’s Insider Trading Policy with respect to Units are incorporated herein by reference. 

  

	9.	Binding Effect. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and upon any person lawfully claiming under
you. 

  

	10.	Entire Agreement. This Agreement and the Plan constitute the entire agreement of the parties with regard to the subject matter hereof, and contain all the covenants,
promises, representations, warranties and agreements between the parties with respect to the Restricted Units granted hereby. Without limiting the scope of the preceding sentence, all prior understandings and agreements, if any, among the parties
hereto relating to the subject matter hereof are hereby null and void and of no further force and effect. 

  

	11.	Modifications. Except as provided below, any modification of this Agreement shall be effective only if it is in writing and signed by both you and an authorized
officer of the Company. 

  

	12.	Governing Law. This grant shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to conflicts of laws principles
thereof. 

  

			
	TARGA RESOURCES GP LLC
		
	By:	 	 
	Name:	 	Rene R. Joyce
	Title:	 	Chief Executive Officer

  

 3Targa Resources Investments Inc. Long-Term Incentive Plan

 Exhibit 10.27 
 TARGA RESOURCES INVESTMENTS INC. 
 LONG-TERM INCENTIVE PLAN 
 SECTION 1. Purpose of the Plan. 
 The
Targa Resources Investments Inc. Long-Term Incentive Plan (the “Plan”) has been adopted by Targa Resources Investments Inc., a Delaware corporation (the “Company”), the parent entity of Targa Resources GP LLC (“Targa
GP”), the general partner of Targa Resources Partners LP, a Delaware limited partnership (the “Partnership”). The Plan is intended to promote the interests of the Company and its Affiliates by providing to employees, consultants and
directors of the Company and its Affiliates incentive cash compensation awards for superior performance that are based on Units. The Plan is also contemplated to enhance the ability of the Company and its Affiliates to attract and retain the
services of individuals who are essential for the growth and profitability of the Company and its Affiliates, and to encourage them to devote their best efforts to advancing the business of the Company and its Affiliates. 
 SECTION 2. Definitions. 
 As used in
the Plan, the following terms shall have the meanings set forth below: 
 “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. 
 “Award” means a Performance Unit and shall also include any tandem DERs granted with respect to a Performance Unit. 
 “Award Agreement” means the written or electronic agreement by which an Award shall be evidenced. 
 “Board” means the Board of Directors of the Company. 
 “Change of Control” means, and shall be deemed to have
occurred upon the occurrence of one or more of the following events: 
 (i) any “person” or “group”
within the meaning of those terms as used in Sections 13(d) and 14(d)(2) of the Exchange Act, other than an Affiliate of the Company, shall become the beneficial owner, by way of merger, consolidation, recapitalization, reorganization or otherwise,
of 50% or more of the combined voting power of the equity interests in Targa GP or the Partnership; 

 (ii) the limited partners of the Partnership approve, in one or a series of transactions,
a plan of complete liquidation of the Partnership; 
 (iii) the sale or other disposition by either Targa GP or the
Partnership of all or substantially all of its assets in one or more transactions to any Person other than Targa GP or an Affiliate of Targa GP; or 
 (iv) a transaction resulting in a Person other than Targa GP or an Affiliate of Targa GP being the general partner of the Partnership. 
 Notwithstanding the foregoing, with respect to an Award that is subject to Section 409A of the Code and with respect to which a Change of Control will accelerate payment, “Change of Control” shall mean
a “change of control event” as defined in the regulations and guidance issued under Section 409A of the Code. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the Compensation Committee of
the Board or, if none, the Board or such committee of the Board, if any, as may be appointed by the Board to administer the Plan. 
 “Consultant” means an independent contractor, other than a Director, who performs services for the benefit of the Company or an Affiliate of the Company. 
 “DER” or “Distribution Equivalent Right” means a contingent right, granted in tandem with a specific Performance 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 DER is outstanding. 
 “Director” means a member of the Board or a board of directors of an Affiliate who is not an Employee. 
 “Employee” means any employee of the Company or an Affiliate of the Company who performs services for the benefit of the Company or an Affiliate of the Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Fair Market Value” means the closing sales price of a Unit on the principal national securities exchange or other market in which trading in
Units occurs on the applicable date (or if there is no trading in the Units on such date, on the next preceding date on which there was trading) as reported in The Wall Street Journal (or other reporting service approved by the Committee). In
the event Units are not traded on a national securities exchange or other market at the time a determination of fair market value is required to be made hereunder, the determination of fair market value shall be made in good faith by the Committee.
Notwithstanding the foregoing, with respect to an Award granted on the effective date of the initial public offering of Units, Fair Market Value on such date shall mean the initial offering price per Unit as stated on the cover page of the S-1 for
such offering. 
 “Participant” means any Employee, Consultant or Director granted an Award under the Plan. 
  

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 “Performance Unit” means a phantom (notional) unit granted under the Plan which entitles the
Participant to receive an amount of cash equal to the Fair Market Value of one Unit upon vesting of the Performance Unit. 
 “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. 

“Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains subject to
forfeiture and is not payable to the Participant. 
 “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. 
 “SEC” means the Securities and Exchange Commission,
or any successor thereto. 
 “Unit” means a common unit of the Partnership. 
 SECTION 3. Administration. 
 (a)
Governance. The Plan shall be administered by the Committee. 
 (b) Delegation. Subject to the following and applicable law,
the Committee, in it sole discretion, may delegate any or all of its powers and duties under the Plan, including the power to grant Awards under the Plan, to the Chief Executive Officer of the Company, 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, 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. 
 (c) Authority and Powers. 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 upon all Persons, including 

  

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the Company, Targa GP, the Partnership, any Affiliate, any Participant, and any beneficiary of any Participant. 
 SECTION 4. Award Limits. 
 (a) There
shall not be any limitation on the number of Performance Units that may be granted under the Plan. 
 (b) Adjustments. In the event
that the Committee determines that any distribution (whether in the form of cash, Units, other securities, or other property), recapitalization, split, reverse split, reorganization, merger, Change of Control, 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 affects the Units such that an
adjustment is determined by the Committee to be appropriate in order to prevent the dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem
equitable, adjust any or all of (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, or (iii) if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award; provided, that the number of Units subject to any Award shall always be a whole number. With respect to any other similar event
that would not result in a FAS 123R accounting charge if the adjustment to Awards with respect to such event were subject to discretionary action, the Committee shall have complete discretion to adjust Awards in such manner as it deems appropriate
with respect to such other event. 
 SECTION 5. Eligibility. 
 Any Employee, Consultant or Director shall be eligible to be designated a Participant and receive an Award under the Plan. 
 SECTION 6. Awards. 
 (a)
Performance Units. The Committee shall have the authority to determine the Employees, Consultants, and Directors to whom Performance Units shall be granted, the number of Performance Units to be granted to each such Participant, the
Restricted Period, the time or conditions under which the Performance Units may become vested or forfeited, which may include, without limitation, the accelerated vesting upon the achievement of specified performance goals or other events, and such
other terms and conditions as the Committee may establish with respect to such Awards, including whether DERs are granted with respect to such Performance Units. 
 (i) DERs. Unless and to the extent provided otherwise by the Committee in its discretion, a grant of Performance Units shall
include a tandem DER grant, which provides that such DERs shall be credited to a bookkeeping account (without interest) and shall be paid to the Participant in cash upon the vesting of the tandem Performance Unit. However, the Committee, in its
discretion, may provide such other terms, including different vesting and payment forms and mediums and the “investment” of such DERs in 

  

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additional Performance Units, as it may choose with respect to DERs and may also provide that a grant of Performance Units does not include tandem DERs.

 (ii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a
Participant’s employment or consulting arrangement with the Company, the Partnership and their Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable Restricted Period, all outstanding Performance
Units awarded the Participant, and any outstanding tandem DERs credited to such Participant, shall be automatically forfeited on such termination. The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a
Participant’s Performance Units and DERs. 
 (iii) Lapse of Restrictions. Upon or as soon as reasonably practical
following the vesting of each Performance Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to receive from the Company cash equal to the Fair Market Value of one Unit as of the vesting date. 
 (b) General. 
 (i)
Awards May Be Granted Separately or Together. Except as provided below, 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 paragraph (C) below, each Award shall be exercisable or payable only by or to 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. 
 (B) Except as provided in paragraphs (A) and (C), 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. 

(C) To the extent specifically provided or approved by the Committee with respect to an Award, an Award may be transferred by a
Participant without consideration to immediate family members or related family trusts, limited partnerships or similar entities on such terms and conditions as the Committee may from time to time establish. 
 (iii) Term of Awards. The term of each Award shall be for such period as may be determined by the Committee. 
  

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 (iv) Consideration for Grants. Awards may be granted for such consideration,
including services, as the Committee determines. 
 (v) Change in Control, Similar Events. Upon the occurrence of a Change of
Control, any change in applicable law or regulation affecting the Plan or Awards thereunder, or any change in accounting principles affecting the financial statements of the Company or the Partnership, the Committee, in its sole discretion, without
the consent of any Participant or holder of the Award, and on such terms and conditions as it deems appropriate, may take any one or more of the following actions in order to either prevent dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan or an outstanding Award or mitigate any unfavorable accounting consequences: 
 (A) provide for either (i) the termination of any Award in exchange for an amount of cash, if any, equal to the amount that would have been attained upon the realization of the Participant’s rights (and, for the avoidance of
doubt, if as of the date of the occurrence of such transaction or event the Committee determines in good faith that no amount would have been attained upon the realization of the Participant’s rights, then such Award may be terminated by the
Company without payment) or (ii) the replacement of such Award with other rights or property selected by the Committee in its sole discretion; 
 (B) provide that such award be assumed by the successor or survivor entity, or a parent or subsidiary thereof, or be exchanged for similar awards covering the equity of the successor or survivor, or a parent or
subsidiary thereof, with appropriate adjustments as to the number and kind of equity interests and prices; 
 (C) make
adjustments in the number and type of Units (or other securities or property) subject to outstanding Awards, and in the number and kind of outstanding Awards or in the terms and conditions of, and the vesting and performance criteria included in,
outstanding Awards, or both; 
 (D) provide that such Award shall be payable, notwithstanding anything to the contrary in the
Plan or the applicable Award Agreement; and 
 (E) provide that the Award cannot become payable after such event,
i.e., shall terminate upon such event. 
 Notwithstanding the foregoing, (i) with respect to an above event that is an
“equity restructuring” event that would be subject to a compensation expense pursuant FAS 123R if a discretionary change is made, the provisions in Section 4(b) shall control to the extent they are in conflict with the discretionary
provisions of this Section 6 and (ii) upon a Change of Control all Awards shall become vested and exercisable or payable, as the case may be, unless, and to the extent, the Committee specifically provides to the contrary in the Award
Agreement with respect to a Change of Control. 
  

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 SECTION 7. Amendment and Termination. Except to the extent prohibited by applicable law:

 (a) Amendments to the Plan. Except as required by the rules of the principal securities exchange on which the Units are traded and
subject to Section 7(b) below, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner, without the consent of any member, Participant, other holder or beneficiary of an Award, or other Person.

 (b) Amendments to Awards. Subject to Section 7(a), 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 6(b)(v) or, as determined by the Committee, in its sole discretion, as being necessary or appropriate to comply with applicable law, including, without
limitation, Section 409A of the Code, in any Award shall materially reduce the benefit of a Participant without the consent of such Participant. 
 SECTION 8. General Provisions. 
 (a) No Rights to Award. No Person shall have any claim to be
granted any Award under the Plan, 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 recipient. 
 (b) Tax 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 of any applicable taxes payable in respect of the grant of an Award, 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. 
 (c) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Company or any Affiliate or to remain on the Board or a Consultant,
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. 
 (d) 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 State of Delaware law without regard to its conflict of laws principles. 
 (e) Section 409A.
This Plan is intended to meet the requirements of Section 409A of the Code and may be administered in a manner that is intended to meet those requirements and will be construed and interpreted in accordance with such intent. All Awards granted
and payments hereunder will either be exempt from Section 409A of the Code or will be subject to Section 409A of the Code and will be structured in a manner that will meet the requirements of Section 409A of the Code, including
regulations or other guidance issued with respect thereto. Any provision of this Plan that would cause an Award or payment to fail to satisfy Section 409A of the Code will be amended (in a manner that as closely as practicable achieves the
original intent of the Award) to comply with Section 409A of the Code on a timely basis, which may be 

  

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made on a retroactive basis, in accordance with regulations and other guidance issued under Section 409A of the Code. 
 (f) 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. 
 (g) Other Laws. The Committee may refuse to pay an Award if, in its sole discretion,
it determines that such payment might violate any applicable law or regulation, the rules of the principal securities exchange on which the Units are then traded, or result in recoverable short-swing profits under Section 16(b) of the Exchange
Act. 
 (h) 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 participating 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 participating Affiliate
pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the Company or any participating Affiliate. 
 (i) 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. 
 (j) 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. 
 (k) Gender and
Number. Words in the masculine gender shall include the feminine gender, the plural shall include the singular and the singular shall include the plural. 
 SECTION 9. Term of the Plan. 
 The Plan shall become effective on the date of its approval by the
Committee and shall terminate on the date established by the Board or the Committee. Unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted prior to any Plan 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. 
  

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