Document:

EX-4.4

 Exhibit 4.4 

COLUMBIA PIPELINE PARTNERS LP 

LONG TERM INCENTIVE PLAN 

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
			
	 Section 1.
	 	Purpose of the Plan	  	 	1	  
	 Section 2.
	 	Administration	  	 	4	  
		 	 (a)
	 	Authority of the Committee	  	 	4	  
		 	 (b)
	 	Manner and Exercise of Committee Authority	  	 	5	  
		 	 (c)
	 	Limitation of Liability	  	 	5	  
		 	 (d)
	 	Exemptions from Section 16(b) Liability	  	 	5	  
	 Section 3.
	 	Units	  	 	6	  
		 	 (a)
	 	Limits on Units Deliverable	  	 	6	  
		 	 (b)
	 	Sources of Units Deliverable Under Awards	  	 	6	  
		 	 (c)
	 	Anti-dilution Adjustments	  	 	6	  
	 Section 4.
	 	Eligibility	  	 	6	  
	 Section 5.
	 	Awards	  	 	6	  
		 	 (a)
	 	General	  	 	6	  
		 	 (b)
	 	Options	  	 	7	  
		 	 (c)
	 	Unit Appreciation Rights	  	 	8	  
		 	 (d)
	 	Restricted Units and Phantom Units	  	 	9	  
		 	 (e)
	 	Unit Awards	  	 	9	  
		 	 (f)
	 	Other Unit Based Awards; Cash Awards	  	 	10	  
		 	 (g)
	 	DERs	  	 	10	  
		 	 (h)
	 	Substitute Awards	  	 	10	  
		 	 (i)
	 	Performance Awards	  	 	10	  
		 	 (j)
	 	Certain Provisions Applicable to Awards	  	 	11	  
	 Section 6.
	 	Amendment and Termination	  	 	13	  
		 	 (a)
	 	Amendments to the Plan and Awards	  	 	13	  
		 	 (b)
	 	Subdivision or Consolidation of Units	  	 	14	  
		 	 (c)
	 	Recapitalizations	  	 	14	  
		 	 (d)
	 	Additional Issuances	  	 	14	  
		 	 (e)
	 	Change of Control	  	 	15	  
		 	 (f)
	 	Change of Control Price	  	 	15	  
		 	 (g)
	 	Impact of Events on Awards Generally	  	 	15	  
	 Section 7.
	 	General Provisions	  	 	16	  
		 	 (a)
	 	No Rights to Award	  	 	16	  
		 	 (b)
	 	Tax Withholding	  	 	16	  
		 	 (c)
	 	No Right to Employment or Services	  	 	16	  
		 	 (d)
	 	Governing Law	  	 	16	  
		 	 (e)
	 	Severability	  	 	16	  
		 	 (f)
	 	Other Laws	  	 	17	  
		 	 (g)
	 	No Trust or Fund Created	  	 	17	  
		 	 (h)
	 	No Fractional Units	  	 	17	  
		 	 (i)
	 	Headings	  	 	17	  
		 	 (j)
	 	Facility of Payment	  	 	17	  
		 	 (k)
	 	Allocation of Costs	  	 	17	  
		 	 (l)
	 	Gender and Number	  	 	17	  
		 	 (m)
	 	Compliance with Section 409A	  	 	17	  

  
 i 

 Table of Contents 

(continued) 
  

									
	 	 	 	 	 	  	Page	 
				
		 	 (n)
	 	Specified Employee under Section 409A of the Code	  	 	17	  
		 	 (o)
	 	No Guarantee of Tax Consequences	  	 	18	  
		 	 (p)
	 	Clawback	  	 	18	  
	 Section 8.
	 	Term of the Plan	  	 	18	  

  
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 COLUMBIA PIPELINE PARTNERS LP 

LONG TERM INCENTIVE PLAN 

Section 1. Purpose of the Plan. The Columbia Pipeline Partners LP Long Term Incentive Plan (the
“Plan”) has been adopted on January 12, 2015 (the “Effective Date”) by CPP GP LLC, a Delaware limited liability company, the general partner (“General Partner”) of Columbia
Pipeline Partners LP, a Delaware limited partnership (the “Partnership”). The Plan is intended to promote the interests of the General Partner, the Partnership and their Affiliates by providing to Employees, Consultants and
Directors incentive compensation awards to encourage superior performance. The Plan is also contemplated to enhance the ability of the General Partner, the Partnership and their Affiliates to attract and retain the services of individuals who are
essential for the growth and profitability of the Partnership and to encourage them to devote their best efforts to advancing the business of the Partnership. 

(a) Definitions. For purposes of the Plan, capitalized terms used but not otherwise defined herein shall have the meanings set forth
below: 
 (b) “409A Award” means an Award that constitutes a “deferral of compensation” within the meaning
of the 409A Regulations, whether by design, due to a subsequent modification in the terms and conditions of such Award or as a result of a change in applicable law following the date of grant of such Award, and that is not exempt from
Section 409A of the Code pursuant to an applicable exemption. 
 (c) “409A Regulations” means the applicable
Treasury regulations and other interpretive guidance promulgated pursuant to Section 409A of the Code. 
 (d)
“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. 

(e) “Award” means an Option, Unit Appreciation Right, Restricted Unit, Phantom Unit, Unit Award, Substitute Award,
Other Unit Based Award, Cash Award, Distribution Equivalent Right (whether granted alone or in tandem with respect to another Award (other than a Restricted Unit or Unit Award) or Performance Award, in each case, granted under the Plan. 

(f) “Award Agreement” means the written or electronic agreement by which an Award shall be evidenced. 

(g) “Board” means the Board of Directors of the General Partner. 

(h) “Cash Award” means an Award denominated in cash granted under Section 6(f) hereof. 

(i) “Change of Control” means, and shall be deemed to have occurred upon one or more of the following events, except
as otherwise provided in an Award Agreement: 
 (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 members, limited partners, or other 

 
owners (as applicable) of the General Partner, the Partnership, or an Affiliate of either the General Partner or the Partnership, shall become the beneficial owner, directly or indirectly and by
way of merger, consolidation, recapitalization, reorganization, distribution to such owners or otherwise, of 50% or more of the voting power of the voting securities of the General Partner or the Partnership; 

(ii) the members or limited partners (as applicable) of the General Partner or the Partnership approve, in one transaction or a
series of transactions, a plan of complete liquidation of the General Partner or the Partnership; 
 (iii) the sale or other
disposition by either the General Partner or the Partnership of all or substantially all of its assets in one or more transactions to any Person other than members, limited partners, or other owners (as applicable) of the General Partner, the
Partnership, or an Affiliate of either the General Partner or the Partnership; 
 (iv) the individuals who constitute the
Incumbent Board of the Sponsor or the General Partner cease for any reason to constitute at least a majority of the Board or the Sponsor Board; or 

(v) the General Partner or an Affiliate of the General Partner or the Partnership ceases to be the general partner of the
Partnership; provided, however, that a distribution of membership interests of the General Partner to the limited partners of the Partnership will not constitute a “Change of Control.” 

Notwithstanding the above, with respect to a 409A Award, a “Change of Control” for purposes of triggering the exercisability,
settlement, or other payment or distribution of such 409A Award shall not occur unless that Change of Control also constitutes a “change in the ownership of a corporation,” a “change in the effective control of a corporation,” or
a “change in the ownership of a substantial portion of a corporation’s assets,” in each case, within the meaning of 1.409A-3(i)(5) of the 409A Regulations, as applied to non-corporate entities. 

(j) “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

(k) “Committee” means the Board or such committee as may be appointed by the Board to administer the Plan, which
alternative committee may be the board of directors or managers of any Affiliate or a committee therefore. 
 (l)
“Consultant” means an individual who renders consulting or advisory services to the General Partner, the Partnership or an Affiliate of either. 

(m) “Director” means a member of the Board or the board of directors of an Affiliate of the General Partner who is not
an Employee or a Consultant (other than in that individual’s capacity as a Director). 
 (n) “Distribution Equivalent
Right” or “DER” means a contingent right, granted alone or in tandem with a specific Award (other than a Restricted Unit or Unit Award) under Section 6(g) hereof, to receive with respect to each Unit subject
to the Award an amount in cash, Units and/or Phantom Units, as determined by the Committee in its sole discretion, equal in value to the distributions made by the Partnership with respect to a Unit during the period such Award is outstanding. 

(o) “Employee” means an employee of the General Partner or an Affiliate of the General Partner. An employee on leave
of absence may be considered as still in the employ of the General Partner or an Affiliate of the General Partner for purposes of eligibility for participation in this Plan. 

  
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 (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 (q) “Fair Market Value” means, on any relevant date, the closing sales price of a Unit on the principal national
securities exchange or other market in which trading in Units occurs on the last market trading day prior to the applicable day (or, if there is no trading in the Units on such date, on the next preceding day on which there was trading) as reported
in The Wall Street Journal (or other reporting service approved by the Committee). If 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 by the Committee in good faith using a “reasonable application of a reasonable valuation method” within the meaning of the 409A Regulations (specifically, Section 1.409A-l(b)(5)(iv)(B)
of the 409A Regulations). 
 (r) “Incumbent Board” means the portion of the Board or Sponsor Board, as applicable,
constituted of the individuals who are members of the Board or Sponsor Board, as applicable, as of the Effective Date and any other individual who becomes a director of the General Partner or Sponsor, as applicable, after the Effective Date and
whose election or appointment to the Board or the Sponsor Board was approved by a vote of at least a majority of the directors then comprising the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board.

 (s) “Option” means a right, granted under Section 6(b) hereof, to purchase Units at a specified price during
specified time periods. 
 (t) “Other Unit Based Award” means an Award granted under Section 6(f) hereof that
may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Units. 
 (u)
“Participant” means Person who has been granted an Award under the Plan that remains outstanding, including a Person who is no longer an Employee, Consultant or Director. 

(v) “Performance Award” means a right granted under Section 6(i) hereof to receive an Award based upon
performance conditions specified by the Committee. 
 (w) “Person” means an individual or a corporation, limited
liability company, partnership, joint venture, trust, unincorporated organization, association, governmental agency or political subdivision thereof or other entity. 

(x) “Phantom Unit” means a notional Unit granted under Section 6(d) hereof which upon vesting entitles the
Participant to receive, at the time of settlement (which may or may not be coterminous with the vesting schedule of the Award), a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole
discretion. 
 (y) “Qualified Member” means a member of the Committee who is a “nonemployee director”
within the meaning of Rule 16b-3(b)(3). 

  
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 (z) “Restricted Period” means the period established by the Committee
with respect to an Award during which the Award remains subject to forfeiture and is either not exercisable by or payable to the Participant, as the case may be. 

(aa) “Restricted Unit” means a Unit granted under Section 6(d) hereof that is subject to a Restricted Period.

 (bb) “Rule 16b-3” means Rule 16b-3 promulgated by the SEC under Section 16 of the Exchange Act or any
successor rule or regulation thereto as in effect from time to time. 
 (cc) “SEC” means the Securities and Exchange
Commission, or any successor thereto. 
 (dd) “Sponsor” means Columbia Energy Group, a Delaware corporation. 

(ee) “Sponsor Board” means the Board of Directors of Sponsor. 

(ff) “Substitute Award” means an Award granted under Section 6(h) hereof in substitution for a similar award as a
result of certain business transactions. 
 (gg) “Unit Distribution Right” or “UDR” means a
distribution made by the Partnership with respect to a Restricted Unit. 
 (hh) “Unit” means a common or
subordinated unit of the Partnership and such other securities as may be substituted or resubstituted for common or subordinated, as applicable, units pursuant to Section 7. 

(ii) “Unit Appreciation Right” or “UAR” means a contingent right granted under
Section 6(c) hereof that entitles the holder to receive, in cash or Units, as determined by the Committee in its sole discretion, an amount equal to the excess of the Fair Market Value of a Unit on the exercise date of the Unit Appreciation
Right (or another specified date) over the exercise price of the Unit Appreciation Right. 
 (jj) “Unit Award” means
a grant under Section 6(e) hereof of a Unit that is not subject to a Restricted Period. 
 Section 2.
Administration. 
 (a) Authority of the Committee. 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. 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 Employees,
Consultants and Directors as 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,
consistent with the terms of the Plan, which terms may include any provision regarding the acceleration of vesting or waiver of forfeiture restrictions or any other condition or limitation regarding an Award, based on such factors as the Committee
shall determine, in its sole discretion; (v) determine whether, to what extent, and under what circumstances Awards may be vested, 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 

  
 4 

 
and regulations and delegate to 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. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan or an Award Agreement in such manner and to such extent
as the Committee deems necessary or appropriate. 
 (b) Manner and Exercise of Committee Authority. At any time that a member of the
Committee is not a Qualified Member, any action of the Committee relating to an Award granted or to be granted to a Participant who is then subject to Section 16 of the Exchange Act in respect of the Partnership may be taken by (i) the
full Board, (ii) a subcommittee, designated by the Committee, composed solely of two or more Qualified Members, or (iii) the Committee but with each such member who is not a Qualified Member abstaining or recusing himself or herself from
such action; provided, however, that upon such abstention or recusal the Committee remains composed solely of two or more Qualified Members. An action, authorized by such a subcommittee or by the Committee upon the abstention or
recusal of such non-Qualified Member(s), shall be the action of the Committee for all purposes 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, without limitation, the General Partner, the Partnership, any Affiliate,
any Participant, and any beneficiary of a Participant. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting the power or authority of the Committee. Subject to
the Plan and any applicable law, the Committee, in its 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 General Partner,
subject to such limitations on such delegated powers and duties as the Committee may impose, if any, and provided that the Committee may not delegate its duties where such delegation would violate state corporate law, or with respect to making
Awards to, or otherwise with respect to Awards granted to, Participants who are subject to Section 16(b) of the Exchange Act. 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. Any such delegation shall not limit the Chief Executive Officer’s right to receive Awards under the Plan; provided, however, the Chief Executive Officer may not grant Awards to
himself, a Director or any executive officer of the General Partner or an Affiliate, or take any action with respect to any Award previously granted to himself, an individual who is an executive officer or a Director (other than as a member of the
Board). Under no circumstances shall any such delegation result in the loss of an exemption under Rule 16b-3(d)(1) for Awards granted to Participants subject to Section 16 of the Exchange Act in respect of the Partnership. 

(c) Limitation of Liability. The Committee and each member thereof shall be entitled to, in good faith, rely or act upon any report or
other information furnished to him or her by any officer or employee of the General Partner, the Partnership or their Affiliates, the General Partner’s or the Partnership’s legal counsel, independent auditors, consultants or any other
agents assisting in the administration of the Plan. Members of the Committee and any officer or employee of the General Partner, the Partnership or any of their Affiliates acting at the direction or on behalf of the Committee shall not be personally
liable for any action or determination taken or made in good faith with respect to this Plan, and shall, to the fullest extent permitted by law, be indemnified and held harmless by the General Partner with respect to any such action or
determination. 
 (d) Exemptions from Section 16(b) Liability. It is the intent of the General Partner that the grant of any
Awards to, or other transaction by, a Participant who is subject to Section 16 of the Exchange Act shall be exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 or another applicable exemption (except for transactions
acknowledged by the Participant in writing to be non-exempt). Accordingly, if any provision of the Plan or any Award Agreement does not comply with the 

  
 5 

 
requirements of Rule 16b-3 or such other exemption as then applicable to any such transaction, such provision shall be construed or deemed amended to the extent necessary to conform to the
applicable requirements of Rule 16b-3 or such other exemption. 
 Section 3. Units. 

(a) Limits on Units Deliverable. Subject to adjustment as provided in Section 4(c) and Section 7, the number of Units that
may be delivered with respect to Awards under the Plan is 9,000,000 Units. Units withheld from an Award or surrendered by a Participant to satisfy the Partnership’s or an Affiliate’s tax withholding obligations (including the withholding
of Units with respect to Restricted Units) or to satisfy the payment of any exercise price with respect to the Award shall not be considered to be Units delivered under the Plan for this purpose. If any Award is forfeited, cancelled, exercised,
settled in cash, or otherwise terminates or expires without the actual delivery of Units pursuant to such Award (the grant of Restricted Units is not a delivery of Units for this purpose), the Units subject to such Award shall again be available for
Awards under the Plan (including Units not delivered in connection with the exercise of an Option or Unit Appreciation Right). There shall not be any limitation on the number of Awards that may be granted and paid in cash. 

(b) Sources of Units Deliverable Under Awards. Any Units delivered pursuant to an Award will consist, in whole or in part, of newly
issued Units, Units acquired in the open market, previously owned Units, Units acquired from any Affiliate, the Partnership or any other Person, or any combination of the foregoing, as determined by the Committee in its discretion. 

(c) Anti-dilution Adjustments. Notwithstanding anything contained in Section 7, with respect to any “equity
restructuring” event that could result in an additional compensation expense to the General Partner or the Partnership pursuant to the provisions of Financial Accounting Standards Board, Accounting Standards Codification, Topic 718—Stock
Compensation (“ASC 718”) if adjustments to Awards with respect to such event were discretionary, the Committee shall equitably adjust the number and type of Units covered by each outstanding Award and the terms and
conditions, including the exercise price and performance criteria (if any), of such Award to equitably reflect such restructuring event and shall adjust the number and type of Units (or other securities or property) with respect to which Awards may
be granted after such event. With respect to any other similar event that would not result in an accounting charge under ASC 718 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. In the event the Committee makes any adjustment pursuant to the foregoing provisions of this Section 4(c), the Committee shall make a
corresponding and proportionate adjustment with respect to the maximum number of Units that may be delivered with respect to Awards under the Plan as provided in Section 4(a) and the kind of Units or other securities available for grant under
the Plan. 
 Section 4. Eligibility. Any Employee, Consultant or Director shall be eligible to be designated a
Participant and receive an Award under the Plan; provided, that an Employee, Consultant or Director must be an “employee” (within the meaning of General Instruction A.1(a) to Form S-8) of the Partnership or a parent or subsidiary of the
Partnership to be eligible to receive such an Award. 
 Section 5. Awards. 

(a) General. Awards may be granted on the terms and conditions set forth in this Section 6. In addition, the Committee may impose
on any Award or the exercise thereof, at the date of grant or thereafter (subject to Section 7(a)), such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine, including terms
requiring forfeiture of Awards 

  
 6 

 
in the event of termination of employment by the Participant, or termination of the Participant’s service relationship with the General Partner, the Partnership, or their Affiliates, and
terms permitting a Participant to make elections relating to his or her Award. Subject to Section 7(a), the Committee shall retain full power and discretion to accelerate, waive or modify, at any time, any term or condition of an Award that is
not mandatory under the Plan; provided, however, that the Committee shall not have any discretion to accelerate the terms of payment of any Award that provides for a deferral of compensation under Section 409A the Code and the
409A Regulations if such acceleration would subject a Participant to additional taxes under Section 409A the Code and the 409A Regulations. 

(b) Options. The Committee may grant Options that are intended to comply with Section 1.409A-l(b)(5)(i)(A) of the 409A Regulations
only to Employees, Consultants or Directors performing services on the date of grant for the Partnership or a corporation or other type of entity in a chain of corporations or other entities in which each corporation or other entity has a
“controlling interest” in another corporation or entity in the chain, starting with the Partnership and ending with the corporation or other entity for which the Employee, Consultant or Director performs services. For purposes of this
Section 6(b), “controlling interest” means (i) in the case of a corporation, ownership of stock possessing at least 50% of total combined voting power of all classes of stock of such corporation entitled to vote or at least 50%
of the total value of shares of all classes of stock of such corporation; (ii) in the case of a partnership, ownership of at least 50% of the profits interest or capital interest of such partnership; (iii) in the case of a sole
proprietorship, ownership of the sole proprietorship; or (iv) in the case of a trust or estate, ownership of an actuarial interest (as defined in Section 1.414(c)-2(b)(2)(ii) of the 409A Regulations) of at least 50% of such trust or
estate. The Committee may grant Options that are otherwise exempt from or compliant with Section 409A of the Code to any eligible Employee, Consultant or Director. The Committee shall have the authority to determine the number of Units to be
covered by each Option, the purchase price therefor and the Restricted Period and other 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
exercise price per Unit purchasable under an Option that does not provide for the deferral of compensation under the 409A Regulations shall be determined by the Committee at the time the Option is granted but, except with respect to Substitute
Awards, may not be less than the Fair Market Value of a Unit as of the date of grant of the Option. For purposes of this Section 6(b)(i), the Fair Market Value of a Unit shall be determined as of the date of grant. The exercise price per Unit
purchasable under an Option that does not provide for the deferral of compensation by reason of satisfying the short-term deferral rule set forth in the 409A Regulations or that is compliant with Section 409A of the Code shall be determined by
the Committee at the time the Option is granted. 
 (ii) Time and Method of Exercise. The Committee shall determine
the exercise terms and the Restricted Period with respect to an Option grant, which may include, without limitation, a provision for accelerated vesting upon the achievement of specified performance conditions or other events, 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 Committee, withholding Units from an Award, a
“cashless-broker” exercise through procedures approved by the General Partner, or any combination of the above methods, having a Fair Market Value on the exercise date equal to the relevant exercise price. 

(iii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a
Participant’s employment with or service to the General Partner 

  
 7 

 
and its Affiliates or membership on the Board or the board of directors of an Affiliate, whichever is applicable, for any reason during the applicable Restricted Period, all unvested Options
shall be forfeited by the Participant. The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a Participant’s Options; provided that the waiver contemplated under this Section 6(b)(iii) shall
be effective only to the extent that such waiver will not cause the Participant’s Options that are designed to satisfy Section 409A of the Code to fail to satisfy such Section. 

(c) Unit Appreciation Rights. The Committee may grant Unit Appreciation Rights that are intended to comply with
Section 1.409A-l(b)(5)(i)(B) of the 409A Regulations only to Employees, Consultants or Directors performing services on the date of grant for the Partnership or a corporation or other type of entity in a chain of corporations or other entities
in which each corporation or other entity has a “controlling interest” in another corporation or entity in the chain, starting with the Partnership and ending with the corporation or other entity for which the Employee, Consultant or
Director performs services. For purposes of this Section 6(c), “controlling interest” means (i) in the case of a corporation, ownership of stock possessing at least 50% of total combined voting power of all classes of stock of
such corporation entitled to vote or at least 50% of the total value of shares of all classes of stock of such corporation; (ii) in the case of a partnership, ownership of at least 50% of the profits interest or capital interest of such
partnership; (iii) in the case of a sole proprietorship, ownership of the sole proprietorship; or (iv) in the case of a trust or estate, ownership of an actuarial interest (as defined in Section 1.414(c)-2(b)(2)(ii) of the 409A
Regulations) of at least 50% of such trust or estate. The Committee may grant Unit Appreciation Rights that are otherwise exempt from or compliant with Section 409A of the Code to any eligible Employee, Consultant or Director. The Committee
shall have the authority to determine the Employees, Consultants and Directors to whom Unit Appreciation Rights shall be granted, the number of Units to be covered by each grant, whether Units or cash shall be delivered upon exercise, the exercise
price therefor and the conditions and limitations applicable to the exercise of the Unit Appreciation Rights, 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 exercise price per Unit Appreciation Right
that does not provide for the deferral of compensation under the 409A Regulations shall be determined by the Committee at the time the Unit Appreciation Right is granted but, except with respect to Substitute Awards, may not be less than the Fair
Market Value of a Unit as of the date of grant of the Unit Appreciation Right. For purposes of this Section 6(c)(i), the Fair Market Value of a Unit shall be determined as of the date of grant. The exercise price per Unit Appreciation Right
that does not provide for the deferral of compensation by reason of satisfying the short-term deferral rule set forth in the 409A Regulations or that is compliant with Section 409A of the Code shall be determined by the Committee at the time
the Unit Appreciation Right is granted. 
 (ii) Time of Exercise. The Committee shall determine the Restricted Period
and the time or times at which a Unit Appreciation Right may be exercised in whole or in part, which may include, without limitation, accelerated vesting upon the achievement of specified performance conditions or other events. 

(iii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a
Participant’s employment with or service to the General Partner, the Partnership and their Affiliates or membership on the Board or the board of directors of an Affiliate, whichever is applicable, for any reason during the applicable Restricted
Period, all outstanding Unit Appreciation Rights awarded to the 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
Unit Appreciation Rights. 

  
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 (d) Restricted Units and Phantom Units. The Committee shall have the authority to
determine the Employees, Consultants and Directors to whom Restricted Units or Phantom Units shall be granted, the number of Restricted Units or Phantom Units to be granted to each such Participant, the Restricted Period, the conditions under which
the Restricted Units or Phantom Units may become vested or forfeited and such other terms and conditions as the Committee may establish with respect to such Awards. 

(i) UDRs. To the extent provided by the Committee, in its discretion, a grant of Restricted Units may provide that the
distributions made by the Partnership with respect to the Restricted Units shall be subject to the same forfeiture and other restrictions as the Restricted Unit and, if restricted, such distributions shall be held, without interest, until the
Restricted Unit vests or is forfeited with the UDR being paid or forfeited at the same time, as the case may be. In addition, the Committee may provide that such distributions be used to acquire additional Restricted Units for the Participant. Such
additional Restricted Units may be subject to such vesting and other terms as the Committee may prescribe. Absent such a restriction on the UDRs in the Award Agreement, UDRs shall be paid to the holder of the Restricted Unit without restriction at
the same time as cash distributions are paid by the Partnership to its unitholders. Notwithstanding the foregoing, UDRs shall only be paid in a manner that is either exempt from or in compliance with Section 409A of the Code. 

(ii) Forfeitures. Except as otherwise provided in the terms of the applicable Award Agreement, upon termination of a
Participant’s employment with or services to the General Partner and its Affiliates or membership on the Board or the board of directors of an Affiliate, whichever is applicable, for any reason during the applicable Restricted Period, all
outstanding, unvested Restricted Units and Phantom Units awarded to the 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 Restricted Units and/or Phantom Units; provided that the waiver contemplated under this Section 6(d)(ii) shall be effective only to the extent that such waiver will not cause the Participant’s Restricted Units
and/or Phantom Units that are designed to satisfy Section 409A of the Code to fail to satisfy such Section. 
 (iii)
Lapse of Restrictions. 
 (A) Phantom Units. Except as otherwise provided in the applicable Award Agreement,
no later than the 15th calendar day following the vesting of each Phantom Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to settlement of such Phantom Unit
and shall receive one Unit or an amount in cash equal to the Fair Market Value of a Unit (for purposes of this Section 6(f)(iii), as calculated on the last day of the Restricted Period), as determined by the Committee in its discretion. 

(B) Restricted Units. Upon the vesting of each Restricted Unit, subject to satisfying the tax withholding obligations
of Section 8(b), the Participant shall be entitled to have the restrictions removed from his or her Award so that the Participant then holds an unrestricted Unit. 

(e) Unit Awards. The Committee shall have the authority to grant a Unit Award under the Plan to any Employee, Consultant or Director in
a number determined by the Committee in its discretion, as a bonus or additional compensation or in lieu of cash compensation the individual is otherwise entitled to receive, in such amounts as the Committee determines to be appropriate. 

  
 9 

 (f) Other Unit Based Awards; Cash Awards. The Committee is authorized, subject to
limitations under applicable law, to grant to Employees, Consultants or Directors such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Units, as deemed by the
Committee to be consistent with the purposes of this Plan, including, without limitation, convertible or exchangeable debt securities, other rights convertible or exchangeable into Units, purchase rights for Units, Awards with value and payment
contingent upon performance of the Partnership or any other factors designated by the Committee, and Awards valued by reference to the book value of Units or the value of securities of or the performance of specified Affiliates of the General
Partner or the Partnership. The Committee shall determine the terms and conditions of such Other Unit Based Awards. Units delivered pursuant to an Other Unit Based Award in the nature of a purchase right granted under this Section 6(f) shall be
purchased for such consideration, paid for at such times, by such methods, and in such forms, including, without limitation, cash, Units, other Awards, or other property, as the Committee shall determine. Cash Awards, as an element of or supplement
to, or independent of any other Award under this Plan, may also be granted pursuant to this Section 6(f). 
 (g) DERs. To the
extent provided by the Committee, in its discretion, an Employee, Consultant or Director may be granted a stand-alone DER or another Award (other than a Restricted Unit or Unit Award) granted to an Employee, Consultant or Director may include a
tandem DER grant, in either case, which may provide that such DERs shall be paid directly to the Participant, be reinvested into additional Awards, be credited to a bookkeeping account (with or without interest in the discretion of the Committee)
subject to the same vesting restrictions as the tandem Award (if any), or be subject to such other provisions or restrictions as determined by the Committee in its discretion. Absent a contrary provision in the Award Agreement, DERs shall be paid to
the Participant without restriction at the same time as ordinary cash distributions are paid by the Partnership to its unitholders. Notwithstanding the foregoing, DERs shall only be paid in a manner that is either exempt from or in compliance with
Section 409A of the Code. 
 (h) Substitute Awards. Awards may be granted under the Plan in substitution for similar awards held
by individuals who become Employees, Consultants or Directors as a result of a merger, consolidation or acquisition by the Partnership or an Affiliate of another entity or the assets of another entity. Such Substitute Awards that are Options or Unit
Appreciation Rights may have exercise prices less than the Fair Market Value of a Unit on the date of the substitution if such substitution complies with Section 409A of the Code and the 409A Regulations and other applicable laws and exchange
rules. 
 (i) Performance Awards. The right of an Employee, Consultant or Director to receive a grant, and the right of a Participant
to exercise or receive a settlement of any Award, and the vesting or timing thereof, may be subject to such performance conditions as may be specified by the Committee. 

(i) Performance Goals Generally. The performance conditions for such Performance Awards shall consist of one or more
business criteria or individual performance criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee consistent with this Section 6(i). The Committee may determine that such
Performance Awards shall be granted, exercised, vested and/or settled upon achievement of any one performance condition or that two or more performance conditions must be achieved as a condition to grant, exercise, vesting and/or settlement of such
Performance Awards. The Committee may establish any such performance conditions and goals based on one or more business criteria for the General Partner and/or the Partnership, on a consolidated basis, and/or for specified Affiliates or business or
geographical units of the Partnership, or other measures of performance, as determined to be appropriate by the Committee in its discretion, which include (but are not limited to) one or more of the following: (A) earnings per Unit,
(B) revenues, (C) cash 

  
 10 

 
flow, (D) cash flow from operations, (E) cash flow return, (F) return on net assets, (G) return on assets, (H) return on investment, (I) return on capital,
(J) return on equity, (K) economic value added, (L) operating margin, (M) contribution margin, (N) net income, (O) net income per Unit, (P) pretax earnings, (Q) pretax earnings before interest, depreciation
and amortization, (R) pretax operating earnings after interest expense and before incentives, service fees, and extraordinary or special items, (S) total unitholder return, (T) debt reduction, (U) market share, (V) change in
the Fair Market Value of the Units, (W) operating income, (X) incentive distribution rights held by the General Partner, and (Z) any of the above goals determined on an absolute or relative basis or as compared to the performance of a
published or special index deemed applicable by the Committee including, but not limited to, the Standard & Poor’s 500 Stock Index or a group of comparable companies. Performance conditions may differ for Performance Awards granted to
any one Participant or to different Participants. 
 (ii) Performance Periods. Achievement of performance conditions
in respect of such Performance Awards shall be measured over a performance period of up to ten years, as specified by the Committee. Performance goals shall be established by the Committee. 

(iii) Settlement. At the end of the applicable performance period, the Committee shall determine the amount, if any, of
the potential Performance Award that will be granted or that will become vested, exercised and/or settled and, unless otherwise specified in an applicable Award Agreement, any such amounts shall be paid to the Participant no later than March 15
of the year following the year that included the last day of the performance period. Settlement of such Performance Awards shall be in cash, Units, other Awards or other property, in the discretion of the Committee. The Committee may, in its
discretion, reduce or increase the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such Performance Awards shall be paid or forfeited in the event of
termination of employment by the Participant prior to the end of a performance period or settlement of Performance Awards. 
 (j) Certain
Provisions Applicable to Awards. 
 (i) Stand-Alone, Additional, Tandem and Substitute Awards. 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 Partnership or any Affiliate. Awards granted in
addition to, in substitution for, or in tandem with other Awards or awards granted under any other plan of the Partnership 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. If an Award is granted in substitution or exchange for another Award, the Committee shall require the surrender of such other Award in consideration for the grant of the new Award. Awards under the Plan may be granted in lieu of cash
compensation, including in lieu of cash amounts payable under other plans of the General Partner, the Partnership, or any Affiliate, in which the value of Units subject to the Award is equivalent in value to the cash compensation, or in which the
exercise price, grant price, or purchase price of the Award in the nature of a right that may be exercised is equal to the Fair Market Value of the underlying Units minus the value of the cash compensation surrendered. Awards granted pursuant to the
preceding sentence shall be designed, awarded and settled in a manner that does not result in additional taxes under Section 409A the Code and the 409A Regulations. 

  
 11 

 (ii) Limits on Transfer of Awards. 

(A) Except as provided in Section 6(j)(ii)(C) below, each Option and Unit Appreciation Right 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. 

(B) Except as provided in Section 6(j)(ii)(C) below, 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 General Partner,
the Partnership or any Affiliate. 
 (C) To the extent specifically provided 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 or 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. 

(iv) Form and Timing of Payment under Awards; Deferrals. Subject to the terms of the Plan, any applicable Award
Agreement and applicable law, payments to be made by the General Partner, the Partnership, or any Affiliate upon the exercise of an Option or other Award or settlement of an Award may be made in such forms as the Committee shall determine, including
without limitation cash, Units, other Awards or other property, and may be made in a single payment or transfer, in installments, or on a deferred basis; provided, however, that any such deferred payment will be set forth in the
agreement evidencing such Award and/or otherwise made in a manner that will not result in additional taxes under Section 409A the Code and the 409A Regulations. Except as otherwise provided herein, the settlement of any Award may be
accelerated, and cash paid in lieu of Units in connection with such settlement, in the discretion of the Committee or upon occurrence of one or more specified events (in addition to a Change of Control). Installment or deferred payments may be
required by the Committee (subject to Section 7(a) of the Plan, including the consent provisions thereof in the case of any deferral of an outstanding Award not provided for in the original Award Agreement) or permitted at the election of the
Participant on terms and conditions established by the Committee and in compliance with Section 409A the Code and the 409A Regulations. Payments may include, without limitation, provisions for the payment or crediting of reasonable interest on
installment or deferred payments or the grant or crediting of DERs or other amounts in respect of installment or deferred payments denominated in Units. This Plan shall not constitute an “employee benefit plan” for purposes of
Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended. 
 (v) Evidencing Units. The
Units or other securities of the Partnership delivered pursuant to an Award may be evidenced in any manner deemed appropriate by the Committee in its sole discretion, including, but not limited to, in the form of a certificate issued in the name of
the Participant or by book entry, electronic or otherwise and 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, state or other laws, and the Committee may cause a legend or legends to be inscribed on any such certificates to make appropriate reference to such
restrictions. 

  
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 (vi) Consideration for Grants. Awards may be granted for such
consideration, including services, as the Committee shall determine. 
 (vii) Delivery of Units or other Securities and
Payment by Participant. Notwithstanding anything in the Plan or any Award Agreement to the contrary, delivery of Units pursuant to the exercise, vesting and/or settlement of an Award may be deferred for any period during which, in the good faith
determination of the Committee, the General Partner is not reasonably able to obtain Units to deliver pursuant to such Award without violating applicable law or the applicable rules or regulations of any governmental agency or authority 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 tax withholding) is received by the General Partner. 
 (viii) Additional Agreements. Each Employee,
Consultant or Director to whom an Award is granted under this Plan may be required to agree in writing, as a condition to the grant of such Award or otherwise, to subject an Award that is exercised or settled following such Person’s termination
of employment or service to a general release of claims and/or a noncompetition agreement in favor of the General Partner, the Partnership, and their Affiliates, with the terms and conditions of such agreement(s) to be determined in good faith by
the Committee. 
 (ix) Termination of Employment. Except as provided herein, the treatment of an Award upon a
termination of employment or any other service relationship by and between a Participant and the General Partner, the Partnership, or any Affiliate shall be specified in the Award Agreement controlling such Award. 

(x) Compliance with Law. Each Participant who receives an Award under this Plan shall not sell or otherwise dispose of
any Unit that is acquired upon grant or vesting of an Award in any manner that would constitute a violation of any applicable federal or state securities laws, the Plan or the rules, regulations or other requirements of the SEC or any stock exchange
upon which the Units are then listed. 
 Section 6. Amendment and Termination. Except to the extent prohibited by
applicable law: 
 (a) Amendments to the Plan and Awards. Except as required by applicable law or the rules of the principal
securities exchange, if any, on which the Units are traded, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner, including increasing the number of Units available for Awards under the Plan, without
the consent of any partner, Participant, other holder or beneficiary of an Award, or any other Person. Notwithstanding the foregoing, the Committee may waive any conditions or rights under, amend any terms of, or alter any Award theretofore granted,
provided that (i) no change, other than pursuant to Section 7(b), 7(c), 7(d), 7(e), or 7(g) below, in any Award shall materially reduce the rights or benefits of a Participant with respect to an Award without the consent of such
Participant; and (ii) no such waiver, amendment or alternation contemplated under this Section 7(a) shall be effective if such wavier, amendment or alternation would subject a Participant to additional taxes under Section 409A of the
Code. 

  
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 (b) Subdivision or Consolidation of Units. The terms of an Award and the number of Units
authorized pursuant to Section 4(a) for issuance under the Plan shall be subject to adjustment from time to time, in accordance with the following provisions: 

(i) If at any time, or from time to time, the Partnership shall subdivide as a whole (by reclassification, by a Unit split, by
the issuance of a distribution on Units payable in Units, or otherwise) the number of Units then outstanding into a greater number of Units or in the event the Partnership distributes an extraordinary cash dividend, then, as appropriate,
(A) the maximum number of Units available for the Plan or in connection with Awards as provided in Section 4(a) shall be increased proportionately, and the kind of Units or other securities available for the Plan shall be appropriately
adjusted, (B) the number of Units (or other kind of securities) that may be acquired under any then outstanding Award shall be increased proportionately, and (C) the price (including the exercise price) for each Unit (or other kind of
securities) subject to then outstanding Awards shall be reduced proportionately, without changing the aggregate purchase price or value as to which outstanding Awards remain exercisable or subject to restrictions. 

(ii) If at any time, or from time to time, the Partnership shall consolidate as a whole (by reclassification, by reverse Unit
split, or otherwise) the number of Units then outstanding into a lesser number of Units, then, as appropriate, (A) the maximum number of Units for the Plan or available in connection with Awards as provided in Section 4(a) shall be
decreased proportionately, and the kind of Units or other securities available for the Plan shall be appropriately adjusted, (B) the number of Units (or other kind of securities) that may be acquired under any then outstanding Award shall be
decreased proportionately, and (C) the price (including the exercise price) for each Unit (or other kind of securities) subject to then outstanding Awards shall be increased proportionately, without changing the aggregate purchase price or
value as to which outstanding Awards remain exercisable or subject to restrictions. 
 (iii) Whenever the number of Units
subject to outstanding Awards and the price for each Unit subject to outstanding Awards are required to be adjusted as provided in this Section 7(b), the Committee shall promptly prepare a notice setting forth, in reasonable detail, the event
requiring adjustment, the amount of the adjustment, the method by which such adjustment was calculated, the change in price and the change in the number of Units, other securities, cash, or property subject to each Award after giving effect to the
adjustments. The Committee shall promptly provide each affected Participant with such notice. 
 (iv) Adjustments under
Sections 7(b)(i) and (ii) shall be made by the Committee, and its determination as to what adjustments shall be made and the extent thereof shall be final, binding, and conclusive. No fractional interest shall be issued under the Plan on
account of any such adjustments. 
 (c) Recapitalizations. If the Partnership recapitalizes, reclassifies its equity securities, or
otherwise changes its capital structure (a “recapitalization”) without a Change of Control, the number and class of Units covered by an Award theretofore granted shall be adjusted so that such Award shall thereafter cover the
number and class of Units or other securities to which the holder would have been entitled pursuant to the terms of the recapitalization if, immediately prior to the recapitalization, the holder had been the holder of record of the number of Units
then covered by such Award and the Unit limitation provided in Section 4(a) shall be adjusted in a manner consistent with the recapitalization. 

(d) Additional Issuances. Except as expressly provided herein, the issuance by the General Partner or Partnership of units of any class
or securities convertible into units of any class, for cash, property, labor or services, upon direct sale, upon the exercise of rights or warrants to subscribe therefor, or upon conversion of units or obligations of the General Partner or
Partnership convertible into such units or other securities, and in any case whether or not for fair value, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of Units subject to Awards theretofore
granted or the purchase price per Unit, if applicable. 

  
 14 

 (e) Change of Control. Notwithstanding any other provisions of the Plan or any Award
Agreement to the contrary, upon a Change of Control, the Committee, acting in its sole discretion without the consent or approval of any holder, may affect one or more of the following alternatives, which may vary among individual holders and which
may vary among Awards: (i) remove any applicable forfeiture restrictions on any Award; (ii) accelerate the time of exercisability or the time at which the Restricted Period shall lapse to a specified date, before or after such Change of
Control, specified by the Committee, after which specified date all unexercised Awards and all rights of holders thereunder shall terminate; (iii) provide for a cash payment with respect to outstanding Awards by requiring the mandatory
surrender to the General Partner or the Partnership by selected holders of some or all of the outstanding Awards held by such holders (irrespective of whether such Awards are then subject to a Restricted Period or other restrictions pursuant to the
Plan) as of a date, before or after such Change of Control, specified by the Committee, in which event the Committee shall thereupon cancel such Awards (with respect to all shares subject to such Awards) and pay to each holder an amount of cash per
Unit equal to the amount calculated in Section 7(f) (the “Change of Control Price”) less the exercise price, if any, applicable to such Awards; provided, however, that to the extent the exercise price of an
Option or a Unit Appreciation Right exceeds the Change of Control Price, no consideration will be paid with respect to that Award; (iv) cancel Awards that remain subject to a Restricted Period as of the date of a Change of Control without
payment of any consideration to the Participant for such Awards; or (v) make such adjustments to Awards then outstanding as the Committee deems appropriate to reflect such Change of Control (including, but not limited to, the substitution,
assumption, or continuation of Awards by the successor company or a parent or subsidiary thereof for new awards); provided, however, that the Committee may determine in its sole discretion that no adjustment is necessary to Awards then
outstanding. 
 (f) Change of Control Price. The “Change of Control Price” shall equal the amount determined
in clause (i), (ii), (iii), (iv) or (v), whichever is applicable, as follows: (i) the per Unit price offered to unitholders in any merger or consolidation, (ii) the per Unit value of the Units immediately before the Change of Control
without regard to assets sold in the Change of Control and assuming the General Partner or the Partnership, as applicable, has received the consideration paid for the assets in the case of a sale of the assets, (iii) the amount distributed per
Unit in a dissolution transaction, (iv) the price per Unit offered to unitholders in any tender offer or exchange offer whereby a Change of Control takes place, or (v) if such Change of Control occurs other than pursuant to a transaction
described in clauses (i), (ii), (iii), or (iv) of this Section 7(f), the Fair Market Value per Unit of the Units that may otherwise be obtained with respect to such Awards or to which such Awards track, as determined by the Committee as of
the date determined by the Committee to be the date of cancellation and surrender of such Awards. In the event that the consideration offered to unitholders of the Partnership in any transaction described in this Section 7(f) or
Section 7(e) consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash. 

(g) Impact of Events on Awards Generally. In the event of changes in the outstanding Units by reason of a recapitalization,
reorganization, merger, consolidation, combination, exchange or other relevant change in capitalization occurring after the date of the grant of any Award and not otherwise provided for by this Section 7, any outstanding Awards and any Award
Agreements evidencing such Awards shall be subject to adjustment by the Committee at its discretion, which adjustment may, in the Committee’s discretion, be described in the Award Agreement and may include, but not be limited to, adjustments as
to the number and price of Units or other consideration subject to such Awards, accelerated vesting (in full or in part) of such Awards, conversion of such Awards into awards denominated in the securities or other interests of any successor Person,
or the cash settlement of such Awards in exchange for the cancellation thereof or the cancellation of unvested Awards with or without 

  
 15 

 
consideration. In the event of any such change in the outstanding Units, the aggregate number of Units available under this Plan may be appropriately adjusted by the Committee, whose
determination shall be conclusive. 
 Section 7. 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. Unless other arrangements have been made that are acceptable to the General Partner or an Affiliate, the Partnership, the General Partner or an Affiliate is authorized to deduct, withhold, or cause to be deducted or withheld,
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, Units that would otherwise be issued pursuant to such Award or other property) of any
applicable taxes payable in respect of the grant or settlement of an Award, its exercise, the lapse of restrictions thereon, or any other 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 General Partner or Affiliate to satisfy its withholding obligations for the payment of such taxes; provided, that if such tax obligations are satisfied through the withholding of Units that are otherwise issuable to the Participant
pursuant to an Award (or through the surrender of Units by the Participant to the Partnership or Affiliate), the number of Units that may be so withheld (or surrendered) shall be limited to the number of Units that have an aggregate Fair Market
Value on the date of withholding or surrender equal to the aggregate amount of such tax liabilities determined based on the applicable minimum statutory withholding rates for U.S. federal, state and/or local tax purposes, including payroll taxes, as
determined by the Partnership or an Affiliate. Notwithstanding the foregoing, with respect to any Participant who is subject to Rule 16b-3, such tax withholding automatically shall be effected by the General Partner either by
(i) “netting” or withholding Units otherwise deliverable to the Participant on the vesting or payment of such Award, or (ii) requiring the Participant to pay an amount equal to the applicable taxes payable in cash. 

(c) No Right to Employment or Services. The grant of an Award shall not be construed as giving a Participant the right to be retained
in the employ of the General Partner or any Affiliate, to continue providing consulting services, or to remain on the Board, as applicable. Furthermore, the General Partner or an Affiliate may at any time dismiss a Participant from employment or his
or her service relationship free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award Agreement or other 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 without regard to its conflicts of laws principles. 
 (e)
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 law 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. If any of the terms or provisions of the Plan or any Award Agreement
conflict with the requirements of Rule 16b-3 (as those terms or provisions are applied to Participants who are subject to Section 16(b) of the Exchange Act), then those conflicting terms or provisions shall be deemed inoperative to the extent
they so conflict with the requirements of Rule 16b-3 (unless the Board or the Committee, as appropriate, has expressly determined that the Plan or such Award should not comply with Rule 16b-3). 

  
 16 

 (f) 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 same under Section 16(b) of the Exchange Act, and any payment tendered to the General Partner 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. 
 (g) 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 General Partner or any Affiliate and a Participant or any other Person. To the extent
that any Person acquires a right to receive payments from the General Partner or any Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the General Partner or such Affiliate. 

(h) No Fractional Units. No fractional Units shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall
determine in its sole discretion 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 with or without consideration. 
 (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 of Payment. Any amounts payable hereunder to any individual under legal disability or who, in the judgment of the
Committee, is unable to manage properly his financial affairs, may be paid to the legal representative of such individual, or may be applied for the benefit of such individual in any manner that the Committee may select, and the General Partner
shall be relieved of any further liability for payment of such amounts. 
 (k) Allocation of Costs. Nothing herein shall be deemed to
override, amend, or modify any cost sharing arrangement, omnibus agreement, or other arrangement between the General Partner, the Partnership, and any Affiliate regarding the sharing of costs between those entities. 

(l) 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. 
 (m) Compliance with Section 409A. It is the general intention, but not the obligation, of
the Committee to design Awards to comply with or to be exempt from Section 409A of the Code and the 409A Regulations, and Awards will be operated and construed accordingly. The applicable provisions of Section 409A the Code and the 409A
Regulations are hereby incorporated by reference and shall control over any Plan or Award Agreement provision in conflict therewith. 
 (n)
Specified Employee under Section 409A of the Code. Subject to any other restrictions or limitations contained herein, in the event that a “specified employee” (as defined under Section 409A of the Code and the 409A
Regulations) becomes entitled to a payment under an Award which is a 409A Award on account of a “separation from service” (as defined under Section 409A of the Code and the 409A Regulations), to the extent required by the Code, such
payment shall not occur until 

  
 17 

 
the date that is six months plus one day from the date of such separation from service. Any amount that is otherwise payable within the six-month period described herein will be aggregated and
paid in a lump sum without interest. 
 (o) No Guarantee of Tax Consequences. The Committee will attempt to structure Awards with
terms and conditions and to exercise its powers and authority under the Plan in a manner that will not result in adverse tax consequences to Participants under any applicable laws; however, none of the Board, the Committee, the Partnership nor the
General Partner or any Affiliate thereof makes any commitment or guarantee that any federal, state, local or other tax treatment will (or will not) apply or be available to any Participant. In no event shall the Partnership nor the General Partner
or any Affiliate thereof be liable to a Participant on account of an Award’s failure to (i) qualify for favorable U.S., foreign, state, local, or other tax treatment or (ii) avoid adverse tax treatment under U.S., foreign, state,
local, or other law, including, without limitation, Section 409A of the Code. 
 (p) Clawback. If the Partnership is required to
prepare an accounting restatement due to the material noncompliance of the Partnership, as a result of misconduct, with any financial reporting requirement under the securities laws, and if a Participant knowingly or through gross negligence engaged
in the misconduct, or knowingly or through gross negligence failed to prevent the misconduct, or if a Participant is one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002 or under
Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), such Participant shall reimburse the Partnership the amount of any payment in settlement of an Award earned or accrued during the
twelve-month period or such other period required by the Dodd-Frank Act following the first public issuance or filing with the United States Securities and Exchange Commission of the financial document embodying such financial reporting requirement.

 Section 8. Term of the Plan. The Plan shall be effective on the Effective Date and shall continue until the earliest
of (i) the date terminated by the Board, (ii) all Units available under the Plan have been delivered to Participants, or (iii) the 10th anniversary of the Effective Date. However, any Award granted prior to such termination, and the
authority of the Board or Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award in accordance with the terms of this Plan, shall extend beyond such termination date
until the final disposition of such Award. 

  
 18EX-4.5

 Exhibit 4.5 

[FORM OF] 
 COLUMBIA
PIPELINE PARTNERS LP 
 LONG TERM INCENTIVE PLAN 

PHANTOM UNIT AGREEMENT 

(Non-Employee Director Award) 

THIS PHANTOM UNIT AGREEMENT (this “Agreement”) is made and entered into by and between CPP GP LLC, a Delaware limited
liability company (the “General Partner”), and you, effective as of [                    ] (the “Date of
Grant”). 
 WHEREAS, Columbia Pipeline Partners LP, a Delaware limited partnership (the
“Partnership”), acting through the Board of Directors of the General Partner (the “Board”), has adopted the Columbia Pipeline Partners LP Long Term Incentive Plan, as it may be amended from time to
time (the “Plan”), to, among other things, attract, retain and motivate certain directors, employees and officers of the Partnership, the General Partner and their respective Affiliates (collectively, the
“Partnership Entities”); and  
 WHEREAS, the Board has authorized the grant of phantom units
under the Plan to certain directors as part of their compensation for services provided to the Partnership. 
 NOW, THEREFORE,
in consideration of the mutual covenants set forth herein and for other valuable consideration hereinafter set forth, the parties agree as follows:  

1. Grant of Phantom Units. The General Partner hereby grants to you, effective as of the Date of Grant,
[                    ] Phantom Units, whereby each Phantom Unit represents the right to receive one Unit of the Partnership (each, a
“Phantom Unit”), subject to all of the terms and conditions set forth herein, including without limitation, those restrictions described in Section 4, and in the Plan, which Plan is incorporated hereby by
reference as part of this Agreement. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings given to such terms in the Plan, unless the context requires otherwise.  

2. Phantom Unit Account. Phantom Units represent hypothetical Units and not actual Units. The General Partner shall establish
and maintain a bookkeeping account on its records for you (a “Phantom Unit Account”) and shall record in such Phantom Unit Account: (a) the number of Phantom Units granted to you, (b) the amount
deliverable to you at settlement on account of Phantom Units that have vested, and (c) the amount of any DERs credited to you in accordance with Section 3 hereof. No Units shall be issued to you at the time the grant is made, and you shall
not be, nor have any of the rights and privileges of, a unitholder or limited partner of the Partnership with respect to any Phantom Units recorded in the Phantom Unit Account. You shall not have any interest in any fund or specific assets of the
Partnership by reason of this Award or the Phantom Unit Account; rather, your right to the Award is that of a general, unsecured creditor. You shall have no voting rights with respect to the Phantom Units.  

  
 1 

 3. Distribution Equivalent Rights or DERs. In the event the Partnership pays any
distributions in respect of its outstanding Units and, on the record date for such distribution, you hold Phantom Units granted pursuant to this Agreement that have not vested and been settled, the Partnership shall pay to you, on the applicable
payment date(s) specified in Section 5, an amount in cash or property equal to the distributions you would have received if you were the record owner, as of such record date, of the number of Units related to the portion of the Phantom Units
that have not been settled as of such record date (the “DER”), but only to the extent such Phantom Units ultimately vest in accordance with Section 4. No interest shall be payable with respect to such DERs
for the period of time beginning on the date a distribution is paid to the Partnership’s unitholders and ending on the date the DERs are paid to you pursuant to this Agreement.  

4. Vesting of Phantom Units. The Phantom Units are restricted in that they may be forfeited by you and in that they may not,
except as otherwise provided in the Plan, be transferred or otherwise disposed of by you. Subject to the terms and conditions of this Agreement, the restrictions on the Phantom Units shall lapse, and the Phantom Units shall vest and become
nonforfeitable, provided you have continuously provided services to the Partnership Entities, without interruption, from the Date of Grant through
[                    ] (the “Vesting Date”).  

(a) Change of Control. Notwithstanding the vesting terms described above, upon the occurrence of a Change of Control prior to the
Vesting Date, all Phantom Units subject to this Agreement will immediately become vested and nonforfeitable (to the extent not vested or forfeited prior to that date). 

(b) Termination of Service. 

(i) General. Except as provided in Section 4(b)(ii) below, notwithstanding anything to the contrary in the
foregoing provisions of this Section 4, in the event your service relationship with the Partnership Entities is terminated prior to the Vesting Date, then all of your Phantom Units that are unvested as of the date your service terminates (and
any associated DERs) will remain unvested, will become null and void and will be forfeited as of the date of such termination. 

(ii) Death and Disability. If your service relationship with the Partnership Entities is terminated due to death or
Disability prior to the Vesting Date, then a pro rata number of the Phantom Units granted pursuant to this Agreement (and any associated DERs) will immediately become vested and nonforfeitable as of the date your service terminates, determined by
multiplying the number of unvested Phantom Units (determined the day prior to your termination) by a fraction, the numerator of which is the number of full or partial calendar months elapsed since the Date of Grant and the denominator of which is
twelve. As used herein, “Disability” means your inability to substantially perform your duties to a Partnership Entity by reason of a medically determinable physical or mental impairment that is expected to last for a period
of six months or longer or to result in death. 

  
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 5. Settlement Date; Manner of Settlement. Except as otherwise provided in
Section 10(l), the settlement date or dates of the Units and DERs related to your Phantom Units will be the date or dates on which the restrictions on such Phantom Units expire and the Phantom Units become vested as provided in Section 4
of this Agreement. On such date or dates you will receive a vested Unit for each whole Phantom Unit being settled. The value of any fractional Phantom Units shall be paid in cash on the settlement date. The value of the fractional Phantom Units
shall equal the percentage of a Unit represented by a fractional Phantom Unit multiplied by the Fair Market Value of the Unit. You agree that any vested Units that you acquire upon vesting of the Phantom 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, the Plan or the rules, regulations and other requirements of the U.S. Securities and Exchange Commission (the
“SEC”) and any stock exchange upon which the Units are then listed. You also agree that any certificates representing the Units acquired under this Award may bear such legend or legends as the Committee deems
appropriate in order to assure compliance with applicable securities laws. In addition to the terms and conditions provided herein, the Partnership may require that you make such covenants, agreements, and representations as the Committee, in its
sole discretion, deems advisable in order to comply with any such laws, rules, regulations, or requirements. 
 6.
Transferability. You agree that you shall not dispose of (meaning, without limitation, sell, transfer, pledge, exchange, hypothecate or otherwise dispose of) any Phantom Units or other rights hereby acquired prior to the date the Phantom
Units are vested and paid. Any attempted disposition of the Phantom Units in violation of the preceding sentence shall be null and void and the Phantom Units that you attempted to dispose of shall be forfeited. 

7. Adjustment. The number of Phantom Units granted to you pursuant to this Agreement shall be adjusted to reflect distributions
of the Partnership paid in Units, unit splits or other changes in the capital structure of the Partnership, all in accordance with the Plan. All provisions of this Agreement shall be applicable to such new or additional or different units or
securities distributed or issued pursuant to the Plan to the same extent that such provisions are applicable to the units with respect to which they were distributed or issued.  

8. Violation of Law, Regulation or Rule. The General Partner shall not be required to deliver any Units hereunder if, upon the
advice of counsel for the General Partner, such acquisition or delivery would violate the Securities Act of 1933 or any other applicable federal, state, or local law or regulation or the rules of the exchange upon which the Partnership’s Units
are traded.  
 9. Notices. Whenever any notice is required or permitted hereunder, such notice must be in writing and
personally delivered or sent by mail. Any such notice required or permitted to be delivered hereunder shall be deemed to be delivered on the date on which it is personally delivered or, whether actually received or not, on the third business day (on
which banking institutions in the State of Texas are open) after it is deposited in the United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address which such person has theretofore
specified by written notice delivered in accordance herewith. 

  
 3 

 
The General Partner or you may change at any time and from time to time by written notice to the other, the address which it or he previously specified for receiving notices. The General Partner
and you agree that any notices shall be given to the General Partner or to you at the following addresses: 
  

					
		 	General Partner:	  	CPP GP LLC
		 		  	Attn:
[                                        
]
		 		  	801 East 86th Avenue
		 		  	Merrillville, Indiana 46410
			
		 	You:	  	At your current address as shown in the General Partner’s records.

 10. General Provisions. 

(a) No Right to Continued Service. This Award shall not be construed to confer upon you any right to continue as a service provider to
the Partnership Entities. Any question as to whether and when there has been a termination of service shall be determined by the Committee and its determination shall be final and binding. Records of the Partnership Entities regarding your period of
service, termination of service, leaves of absence and other matters shall be conclusive for all purposes hereunder, unless determined by the Committee to be incorrect. 

(b) Administration. This Agreement shall at all times be subject to the terms and conditions of the Plan. The Committee shall
have sole and complete discretion with respect to all matters reserved to it by the Plan and decisions of a majority of the Committee with respect thereto and with respect to this Agreement shall be final and binding upon you, the General Partner,
the Partnership and any of their Affiliates. In the event of any conflict between the terms and conditions of this Agreement and the Plan, the provisions of the Plan shall control. 

(c) No Liability for Good Faith Determinations. The General Partner, the Partnership and their Affiliates, and the members of the Board
and the Committee, shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Phantom Units granted hereunder. 

(d) No Guarantee of Interests. The General Partner, the Partnership and their Affiliates, and the members of the Board and the
Committee, do not guarantee the Units from loss or depreciation. 
 (e) Severability. If any provision of this Agreement is held to
be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid
provision had never been included herein. 
 (f) Binding Effect. This Agreement shall be binding upon you, your legal
representatives, heirs, legatees and distributees, and upon the General Partner, the Partnership and their successors and assigns. 

  
 4 

 (g) Construction. The titles and headings of sections are included for convenience of
reference only and are not to be considered in construction of the provisions hereof. Words used in the masculine shall apply to the feminine where applicable and whenever the context of this Agreement dictates, the plural shall be read as the
singular and the singular as the plural. 
 (h) Governing Law. All questions arising with respect to the provisions of this Agreement
shall be determined by application of the laws of the State of Delaware without regard to choice of law principles thereunder, except to the extent Delaware law is preempted by federal law. 

(i) Amendments. This Agreement may be amended by the Committee; provided, however, that, unless otherwise provided in the Plan, no such
amendment may materially reduce your rights or benefits inherent in this Agreement prior to such amendment without your express written consent. 

(j) Furnish Information. You agree to furnish to the General Partner or the Partnership all information requested by them to enable the
General Partner and/or the Partnership to comply with any reporting or other requirements imposed upon them by or under any applicable statute or regulation. 

(k) Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of Units or other property to you, or to your
legal representative, heir, legetee or distributee, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Committee may require you or your legal representative, heir, legetee or distribute, as a
condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine. 
 (l)
Consent to Electronic Delivery; Electronic Signature. In lieu of receiving documents in paper format, you agree, to the fullest extent permitted by law, to accept electronic delivery of any documents that the General Partner or the
Partnership may be required to deliver (including, without limitation, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements, annual and quarterly reports, and all other forms of communications) in
connection with this and any other award made or offered by the Partnership. Electronic delivery may be via an electronic mail system of the Partnership Entities or by reference to a location on a Partnership intranet to which you have access. You
hereby consent to any and all procedures the General Partner or the Partnership has established or may establish for an electronic signature system for delivery and acceptance of any such documents that the General Partner or the Partnership may be
required to deliver, and agree that your electronic signature is the same as, and shall have the same force and effect as, your manual signature. 

(m) Section 409A. This Agreement is not intended to constitute a deferral of compensation within the meaning of Section 409A
of the Internal Revenue Code of 1986, as amended, (the “Code”) and shall be construed and interpreted in accordance with such intent. Payment under this Agreement shall be made in a manner that will be exempt from or,
notwithstanding the preceding sentence, comply with Section 409A of the Code, including 

  
 5 

 
regulations or other guidance issued with respect thereto, except as otherwise determined by the Committee. The applicable provisions of Section 409A of the Code are hereby incorporated by
reference and shall control over any contrary provisions herein that conflict therewith. 
 IN WITNESS WHEREOF, the General Partner has caused this
Agreement to be executed by its duly authorized agent effective as of the date first written above.  
  

			
	CPP GP LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	AWARDEE
	
	  

	[NAME]

  
 6

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