Document:

GENESIS ENERGY, LLC 2010 LONG-TERM INCENTIVE PLAN

 Exhibit 10.1 
 Genesis Energy, LLC 
 2010 Long-Term Incentive Plan 

Phantom Units with DERs Award 
 GRANT made as of                      between Genesis Energy, LLC, a Delaware limited liability
company (the “Company”), and                      (“Employee”). 
 To carry out the purposes of the Genesis Energy, LLC 2010 Long-Term Incentive Plan (the “2010 Plan”), by affording Participant the opportunity to receive cash payments based on the Fair Market
Value of the Common Units (“Units”) of Genesis Energy, L.P. (the “Partnership”), the Company grants you Phantom Units with DERs as follows: 
  

	 	1.	Grant of Phantom Units with Distribution Equivalent Rights. 

  

	 	(a)	General. The Company hereby grants to Employee 6,447 Phantom Units pursuant to the 2010 Plan. Each Phantom Unit represents the right to receive the Fair Market
Value of the underlying common unit in the Partnership upon vesting. In addition each Phantom Unit includes a tandem right to receive Distribution Equivalent Rights (“DERs”). A DER is a contingent right to receive an amount in cash equal
to the distribution made by the Partnership with respect to a Partnership common unit during the period each Phantom Unit is outstanding. If the Partnership makes cash distributions to its partners, a corresponding amount per Phantom Unit will be
credited to your DER account. Schedule A, attached hereto, governs the vesting of your Phantom Units and tandem DERs and the timing of payments attributable to such interests. Your right to the payments described in Schedule A is contingent upon
your continued employment through the vesting dates specified therein. This grant is subject to the terms and conditions of the 2010 Plan, which is incorporated herein by reference as a part of this Agreement. A copy of the 2010 Plan is attached
hereto. In the event of any conflict between the terms of this Agreement and the 2010 Plan, the 2010 Plan shall control. Capitalized terms used in this Agreement but not defined herein shall have the meanings ascribed to such terms in the 2010 Plan,
unless the context requires otherwise. 

  

	 	(b)	Vesting. Except as otherwise provided in Paragraph 2 hereof, all Phantom Units and DERs granted hereunder shall vest and become payable in accordance with
Schedule A hereto. 

  

	 	2.	Events Occurring Prior to Vesting. 

  

	 	(a)	Death or Disability. If, prior to vesting, Employee ceases to be an employee of the Company and its Affiliates or a member of the Company acting in an
employee role as a result of death or disability (within the Company’s policy or determination thereof), all unvested Phantom Units and DERs granted hereunder then held by Employee will automatically become fully vested upon such termination.

  

	 	(b)	Other Termination. If Employee terminates from the Company and its Affiliates or ceases to be a member acting in an employee role for any reason other than death
or disability as provided in (a) above, all unvested Phantom Units and DERs granted hereunder then held by Employee shall be automatically forfeited upon such termination, unless the Committee, in its discretion, waives, in whole or in part,
such forfeiture. 

  
 1 

	 	(c)	Change in Control. Notwithstanding any other provision hereof, immediately prior to the occurrence of a Change in Control, all Phantom Units and DERs granted
hereunder then held by Employee shall become fully vested. 

  

	 	3.	Payment. Schedule A describes the timing of payment attributable to Phantom Units and tandem DERs. Except as specifically provided for in Schedule A, such
amounts will be payable as soon as administratively practicable and not later than 30 days after the vesting of a Phantom Unit and/or its tandem DER. At the end of the Restricted Period, Employee shall receive from the Company, in cancellation of
such Phantom Unit and DER, a cash payment equal to the sum of (i) the Fair Market Value, as defined in the 2010 Plan, of each Phantom Unit on the vesting date and (ii) the remaining amount of cash then credited to the DER Account with
respect to each Phantom Unit. 

  

	 	4.	Limitations Upon Transfer. All rights under this Grant shall belong to Employee and may not be transferred, assigned, pledged, or hypothecated in any way
(whether by operation of law or otherwise), other than by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order” (as defined by the Internal Revenue Code of 1986, as amended), and shall not be
subject to execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of such rights contrary to the provision in this Grant, or the 2010 Plan, or upon the levy of any attachment or
similar process upon such rights, such rights shall immediately become null and void. 

  

	 	5.	Withholding of Tax. To the extent that the grant, vesting or payment of a vested Phantom Unit or DER results in the receipt of compensation by Employee with
respect to which the Company or Affiliate has a withholding obligation, the Company or Affiliate shall withhold such amount from any payment otherwise due under this Grant. 

 

	 	6.	Binding Effect. This Grant shall be binding upon and inure to the benefit of any successor or successors of the Company or upon any person lawfully claiming
under Employee. 

  

	 	7.	Modification. The Company has the right to amend this agreement at any time, provided however, that any amendment of the 2010 Plan or this award agreement that
would otherwise constitute an impairment of the Employee’s rights under this award agreement, will not be effective unless the Company requests the Employee’s consent and the Employee consents in writing. For the avoidance of doubt, the
cancellation of a vested award where the Employee receives a payment equal in value to the Fair Market Value of the vested Phantom Units and the vested DER account balance will not be an impairment of the Employee’s rights that requires the
Employee’s consent. 

  

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

  

			
	GENESIS ENERGY, LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 SCHEDULE A 
  

			
	 Units Granted
	  	 Vesting Date

		
	 Performance Vested Units:
  

100% of Grant or                     
Units
	  	                     , subject to
performance levels achieved below:
  
 Award will vest as follows: (a) if the
quarterly distribution on the common units is less than $         per unit for the              quarter of
             (which would be paid in the              quarter of
            ), all of the phantom units granted will be forfeited; (b) if the quarterly distribution on the common units for the
             quarter of              is $         per unit,     % of
the phantom units granted will vest and the remainder will be forfeited; (c) if the distribution on the common units for the              quarter of
             is $         per unit,     % of the phantom units granted will vest; and (d) if the distribution on the common units
for the              quarter of              is $         per unit or greater,
    % of the phantom units granted will vest. Should the quarterly distribution on the common units for the              quarter of
             be between the range of $         per unit and $         per unit, the phantom units will vest
between     % and     % of the number granted on a pro rata basis.

		
	Performance Vested Units DERS	  	Paid quarterly on the number of units corresponding to the number of initial units granted, subject to your continued employment through the payment date. If your employment
terminates for any reason prior to the payment date, no DER payment will be made and your DERs will be forfeited.

  
 3Amended and Restated Energy Transfer Partners, L.P. Midstream Bonus Plan

 Exhibit 10.5 
 AMENDED AND RESTATED 
 ENERGY TRANSFER PARTNERS, L.P. 

MIDSTREAM BONUS PLAN 
 Energy Transfer Company 
 Transwestern Pipeline 

April 18, 2011 
  

	1.	PURPOSE OF THE PLAN 

The purpose of Amended and Restated Energy Transfer Partners, L.P. Midstream Bonus Plan (as amended from time to time, the
“Plan”) is to provide an opportunity for Eligible Employees of Energy Transfer Partners, L.P. (the “Partnership”) to earn annual cash awards through the achievement of pre-established performance goals. 

 

	2.	DEFINITIONS 

  

	 	A.	Actual Results means the dollar amount of EBITDA or other applicable financial measure specified for the Budget Target for a Business Unit for a
Performance Period actually achieved for such Performance Period as determined by the Partnership following the end of such Performance Period. 

  

	 	B.	Annual Bonus is the cash bonus paid to an Eligible Employee for the Performance Period. 

 

	 	C.	Annual Target Bonus for an Eligible Employee is a percentage of such Employee’s Eligible Earnings and may range from 0% to 100% of Eligible
Earnings and is dependent on a number of factors which may include, but are not limited to, employee title, job responsibilities and reporting level. The Partnership may, but is not required to, specify a specific range for an Eligible Employee at
any time prior to or during a Performance Period and may adjust any such range so established at any time in its discretion. To the extent the Performance Period is less than, or more than, one year, then the Annual Target Bonus for an Eligible
Employee will be prorated. 

  

	 	D.	Annual Target Bonus Pool for a Business Unit for a Performance Period is the aggregate Annual Target Bonus of the Eligible Employees of such Business
Unit for such Performance Period. 

  

	 	E.	Bonus Pool Payout Factor for a Business Unit means the multiplier factor applied to the Annual Target Bonus Pool for such Business Unit to determine
the Funded Bonus Pool for such Business Unit for the applicable Performance Period. The payout is determined by the comparison of Budget Target for such Business Unit for a Performance Period to Actual Results for such Business Unit for such
Performance Period as set forth below: 

  

					
	 % of Budget Target
	  	Bonus Pool
Payout 
Factor	 
	 >= 110.0
	  	 	1.20	 x 
	 109.9 - 105.0
	  	 	1.10	 x 
	 104.9 - 95.0
	  	 	1.00	 x 
	 94.9 - 90.0
	  	 	.90	 x 
	 89.9 - 80.0
	  	 	.80	 x 
	 79.9 - 70.0
	  	 	.70	 x 
	 69.9 - 50.0
	  	 	.50	 x 
	 < 50.0
	  	 	.0	 x 

	 	F.	Budget Target for a Business Unit means the specific dollar amount of EBITDA or other financial measure specified by the Partnership for such
Business Unit for such Performance Period. 

  

	 	G.	Funded Bonus Pool for a Business Unit means the Annual Target Bonus Pool for such Business Unit for a Performance Period multiplied by the Bonus Pool
Payout Factor for such Business Unit for such Performance Period. 

  

	 	H.	Eligible Earnings means the aggregate regular earnings, plus overtime earnings, if any, received by an Eligible Employee during the Performance
Period. For the avoidance of doubt, neither any distribution payments on any Partnership common units received by any Eligible Employee during a Performance Period, nor any other bonus payments received by such Eligible Employee other than regular
earnings and overtime earnings shall be included in the calculation of Eligible Earnings. 

  

	 	I.	 Performance Period means the measurement period for determination of Budget Target and the calculation of Actual Results. Each
Performance Period shall be, in general, a one year period commencing January 1 and concluding
December 31st, but may be a shorter or longer period
as determined by the Partnership. 

  

	 	J.	EBITDA means earnings before interest, taxes, depreciation and amortization. 

 

	 	K.	Eligible Employee is an employee of a Business Unit eligible to participate in the Plan as determined in the sole discretion of management of such
Business Unit. 

  

	 	L.	Business Unit for purposes of the Plan shall mean the Energy Transfer Company, Transwestern Pipeline or any other business unit of the Partnership
designated by the Partnership to be included for participation in the Plan. 

  

	3.	ANNUAL BONUS PAYMENT 

 As
soon as reasonably practicable following the end of each Performance Period, the Partnership will determine the Annual Target Bonus for each Eligible Employee. The Funded Bonus Pool from which Annual Bonuses are paid to Eligible Employees of such
Business Unit shall equal the summation of Annual Target Bonuses of all Eligible Employees of such Business Unit multiplied by the Bonus Pool Payout Factor for such Business Unit. Management of each Business Unit shall determine the amount of the
Annual Bonus for each Eligible Employee of such Business Unit from the Funded Bonus Pool for such Business Unit based on employee performance, length of employment and other factors as determined by management of such Business Unit in its sole
discretion, provided that the aggregate amount of Annual Bonus payments for such Business Unit relating to a Performance Period shall not exceed, in total, the Funded Bonus Pool for such Business Unit for such Performance Period. Notwithstanding any
provision herein, funds allocated under this bonus plan for distribution to employees is 100% discretionary, subject to the final approval of Chief Executive Officer of the Partnership. 

 

	4.	OTHER BONUS PAYMENTS 

 In addition to Annual Bonuses, the Chief Executive Officer will have the discretion to make other bonus payments to one or more Eligible Employees of up to $1.0 million in the aggregate in any
calendar year.

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