Document:

Form of 2008 Phantom Unit Award Agreement

 Exhibit 10(d) 
 Form of 2008 
 PHANTOM UNIT AGREEMENT 
 THIS PHANTOM UNIT AGREEMENT (this “Agreement”) is by and between Magellan GP, LLC (the “Company”) and
                     (the “Participant”). 
  

	1.	Grant of Phantom Units. The Company hereby grants to the Participant effective January 24, 2008 (the “Effective Date”), subject to the terms and conditions of
the Magellan Midstream Partners Long-Term Incentive Plan, as amended and restated (the “Plan”) and this Agreement, the right to be eligible to receive a target grant of
             Phantom Units of Magellan Midstream Partners, L.P. (the “Partnership”). The number of Units received at the end of the Restricted Period will be determined
based on Performance Criteria (as defined herein), employment status at that time and any other relevant provisions of the Plan. These Units are referred to in this Agreement as “Phantom Units” during the Restricted Period. Until the
Phantom Units vest and are paid, the Participant shall have no rights as a unitholder of the Partnership with respect to the Phantom Units. 

  

	2.	Incorporation of Plan. The Plan is hereby incorporated herein by reference and all capitalized terms used herein but not defined herein shall have the meaning set forth in
the Plan. The Participant acknowledges receipt of a copy of the Plan and hereby accepts the Phantom Units subject to all the terms and provisions of the Plan. 

  

	3.	Compensation Committee of the Board Decisions and Interpretations. The Participant hereby agrees to accept as binding, conclusive and final all decisions and interpretations
of the Compensation Committee of the Board (the “Committee”) of the Company upon any questions arising under the Plan and this Agreement. 

  

	4.	Restricted Period of Phantom Units. The Restricted Period begins with the Effective Date and ends with the first of the following events: 

  

	 	a.	December 31, 2010, provided the Participant is employed by the Company or its Affiliates at such time, and performance relative to the metrics described below meets the
requirements for a payout; or 

  

	 	b.	Your Termination of Affiliation (excluding any transfer to an Affiliate of the Company) with the Company, voluntarily for Good Reason, or involuntarily (other than due to Cause)
within two years following a Change of Control as set forth in the Plan. 

  

	5.	Payment of Phantom Units. To be eligible to receive payment of the Phantom Units at the end of the Restricted Period, the Participant must be employed by the Company or its
Affiliates at the end of the Restricted Period, or must have terminated employment during the Restricted Period due to Retirement, death, or Disability. Subject to legal or contractual obligations, the Company will deliver to the Participant, or the
Participant’s legal representative, as soon as practicable after the final Determination of Payout Levels by the Committee, a number of Units equal in value to the number of Phantom Units calculated pursuant to Paragraph 8 less the number of
Phantom Units required to cover minimum tax withholding requirements. The number of Phantom Units required to cover minimum tax withholding will be based on the closing price of the Units at the end of the Restricted Period.

	6.	Termination of Employment Due to Retirement, Death or Disability. In the event a Participant’s employment with the Company and its Affiliates terminates prior to the end
of the Restricted Period due to Retirement, death or Disability, the initial Target Grant will be prorated based upon the Participant’s months of employment between January 1, 2008 and December 31, 2010. Such prorated amount will
continue to be restricted and subject to the terms of this Agreement until the end of the Restricted Period. All units in excess of the prorated amount shall be forfeited. 

  

	7.	Performance Criteria. 

  

	 	a.	Performance Metrics 

  

										
	 	  	Threshold	  	Target	  	Stretch
	 2010 Distributable Cash Flow per Unit(1)

	  	$	X.XX	  	$	X.XX	  	$	X.XX

  

	 (1)
	 Actual distributable cash flow in 2010 adjusted for full year performance of organic expansion projections or
acquisitions completed during the year, excluding actual profits from commodities. 

  

	8.	Determination of Payout Level. 

  

	 	(i)	The number of Units awarded will be determined based on performance relative to Performance Metrics as follows: 

  

			
	 Below Threshold
	  	No payout
	 Target Achieved
	  	100% of units are paid out
	 Stretch Achieved
	  	200% of units paid out
	
	The payout for results between threshold, target and stretch will be interpolated.

  
  

	 	(ii)	The number of Units awarded will be subject to an increase or reduction of up to 20% based upon personal performance. 

  

	9.	Other Provisions. 

  

	 	a.	The Participant understands and agrees that payments under this Agreement shall not be used for, or in the determination of, any other payment or benefit under any continuing
agreement, plan, policy, practice or arrangement providing for the making of any payment or the provision of any benefits to or for the Participant or the Participant’s beneficiaries or representatives, including, without limitation, any
employment agreement, any change of control severance protection plan or any employee benefit plan as defined in Section 3(3) of ERISA, including, but not limited to qualified and non-qualified retirement plans. 

	 	b.	Except as otherwise provided herein, and in the Plan documents, in the event that the Participant’s employment with the Company and its Affiliates terminates prior to the
vesting of the Phantom Units granted under this Agreement, such Phantom Units shall be forfeited. 

  

	 	c.	The Participant acknowledges that this award and similar awards are made on a selective basis and are, therefore, to be kept confidential. 

  

	 	d.	Neither the Phantom Units, nor the Participant’s interest in the Phantom Units, may be sold, assigned, transferred, pledged or otherwise disposed of or encumbered at any time
prior to the vesting and payment of such Phantom Units under this Agreement. 

  

	 	e.	If the Participant at any time forfeits any or all of the Phantom Units pursuant to this Agreement, the Participant agrees that all of the Participant’s rights to and interest
in the Phantom Units shall terminate upon forfeiture without payment of consideration. 

  

	 	f.	The Committee shall make determination as to whether an event has occurred resulting in the forfeiture of the Phantom Units, in accordance with this Agreement, and all
determinations of the Committee shall be final and conclusive. 

  

	 	g.	With respect to the right to receive payment of the Phantom Units under this Agreement, nothing contained herein shall give the Participant any rights that are greater than those of
a general creditor of the Company. 

  

	10.	Notices. All notices to the Company required hereunder shall be in writing and delivered by hand or by mail, addressed to Magellan Midstream Partners, L.P., One Williams
Center, Mail Drop 28-4, Tulsa, Oklahoma 74172, Attention: Compensation Department. Notices shall become effective upon their receipt by the Company if delivered in the forgoing manner. 

  

			
	 Magellan GP, LLC

		
	 By:
	 	 

		 	Don R. Wellendorf
		 	President and Chief Executive Officer
		 	Magellan GP, LLC

 Participant: 
 I acknowledge receipt of a copy of the Plan and hereby accept the terms and conditions of this Phantom Unit Agreement: 
  

					
	  
	 		  	Dated this      day of             , 2008.Exhibit 10.7.3

 EXHIBIT 10-7-3 
 STOCK OPTION 
 TERMS AND CONDITIONS FOR DIRECTORS 
 Under the 
 Gannett Co., Inc. 
 2001 Omnibus Incentive Compensation Plan 
 These Terms and Conditions, dated
[                    ], govern the grant of stock options (“Options”) under the 2001 Omnibus Incentive Compensation Plan (the
“Plan”) to Gannett directors (the “Option Holder”), as set forth below. Terms used herein that are defined in the Plan shall have the meaning ascribed to them in the Plan. If there is any inconsistency between the defined terms
of these Terms and Conditions and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms herein. 
 1. Grant of Options. Pursuant to the provisions of (i) the Plan, (ii) the individual Letter Agreements governing each grant, and (iii) these Terms and Conditions, the Company has granted to the Option Holder the number
of options (“Options”) to purchase the number of shares of common stock of the Company (“Common Stock”) set forth on the applicable Letter Agreement, at the purchase price per share stated in such Letter Agreement (“Option
price”). 
 2. Exercisability. Except as otherwise provided in Section 14 below, the Options shall become exercisable as
specified in the relevant Letter Agreement. The Options may be partially exercised from time to time within such percentage limitations, but no partial exercise of the Options will be permitted for less than ten shares of Common Stock. In no event
shall the Options be exercisable in whole or in part after the Option Expiration Date specified in the relevant Letter Agreement. Upon an Option Holder’s ceasing to be a Director of the Company, if the Option Holder has completed at least three
full years of service as a director, the Options will continue to vest and may be exercised in accordance with Sections 6 and 7 below. Upon any other cessation of being a Director, the Options will be automatically canceled. 
 3. Method of Exercising Options. The Options may be exercised from time to time by written or electronic notice (in the form prescribed by the
Company) delivered to and received by the Company (unless the Option Holder elects to make a “cashless exercise”), which notice shall be signed by the Option Holder and shall state the election to exercise the Options 

 
and the number of whole shares of Common Stock with respect to which the Options are being exercised. Such notice must be accompanied by a check payable to
the Company, or such other consideration allowed pursuant to the Plan, in payment of the full Option price for the number of shares purchased. As soon as practicable after it receives such notice and payment, as applicable, and following receipt
from the Option Holder of payment for any taxes which the Company is required by law to withhold by reason of such exercise, the Company will deliver to the Option Holder a certificate or certificates for the shares of Common Stock so purchased.
Options may also be exercised by the delivery of shares in payment of the exercise price or pursuant to a “cashless exercise” procedure, subject to securities law restrictions, or by any other means the Executive Compensation Committee of
the Company (the “Committee”), in its sole discretion, determines is consistent with the Plan’s purpose and applicable law. The delivery of previously acquired shares may be made by attestation. Payment of any withholding taxes due
upon exercise of Options may be made by withholding shares. 
 4. Reduction in Number Of Shares Subject to Options. Upon the exercise
of one or more Options, the number of shares of Common Stock subject to the Options shall be reduced one-for-one. 
 5. Forfeiture and
Cancellation of Options. 
 (a) Expiration of Term. On the Expiration Date, the unexercised Options shall be canceled
automatically. 
 (b) Termination of Directorship. Except as provided in Sections 6, 7, and 14 below, or except as otherwise
determined by the Committee in its sole discretion, the Options shall automatically be canceled upon the Option Holder’s ceasing to be a Director of the Company for any reason. 
 (c) Forfeiture of Option Gains Because of Misconduct. 
 (i) The Option Holder shall reimburse the Company the amount of the gross option gain realized or obtained by the Option Holder or any transferee resulting from the exercise of any Company stock options during the
twelve-month period following the first public issuance or filing with the United States Securities and Exchange Commission (whichever first occurred) of a financial document as to which the Company subsequently prepared and issued or filed a
“Restatement” (as defined below). 
  

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 (ii) This reimbursement requirement shall only apply to Option Holders who either: (a) knowingly or
negligently engaged in the misconduct referred to in paragraph 5(c)(iv), or knowingly or negligently failed to prevent such misconduct, or (b) are subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002.

 (iii) The gross option gain to be reimbursed shall be measured at the date of exercise and shall be equal to the difference between the
Fair Market Value of the purchased Common Stock on the date of exercise and the exercise price paid by the Option Holder therefore. 
 (iv)
For purposes of this section, “Restatement” means an accounting restatement the Company is required to prepare due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the
securities laws. 
 6. Termination of Directorship After Three Full Years of Service. Upon termination of the Option Holder’s
directorship after the Option Holder has served three full years as a Director of the Company, but less than six full years, the Options vested at the time of such termination may be exercised by the Option Holder, provided that such exercise occurs
both before the Option Expiration Date and within one year after the Option Holder’s termination. Any Options not vested as of the date of termination will continue vesting during this post-termination exercise period in accordance with the
Options’ original vesting schedule; provided that if the Option Holder ceases to be a Director of the Company due to the age of service limitations set forth in the Company’s Bylaws, the Options shall automatically become fully vested.
Upon the expiration of such post-termination exercise period, all unexercised vested Options and all unvested Options will be canceled. 
 7.
Termination of Directorship After Six or More Full Years of Service. Upon termination of the Option Holder’s directorship after the Option Holder has served six or more full years of service as a Director of the Company, the Options
vested at the time of such termination may be exercised by the Option Holder, provided that such exercise occurs both before the Option Expiration Date and within (i) two years after the Option Holder’s termination if the Option Holder has
served at least six full years of service (but less than nine) as a Director of the Company; or (ii) three years after the Option Holder’s termination if the Option Holder has served nine or more full years of service as a Director of the
Company. Any Options not vested as of the date of termination will continue vesting during the applicable post-termination exercise 

  

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period in accordance with the Options’ original vesting schedule; provided that if the Option Holder ceases to be a Director of the Company due to the
age of service limitations set forth in the Company’s Bylaws, the Options shall automatically become fully vested. Upon the expiration of such post-termination exercise period, all unexercised vested Options and all unvested Options will be
canceled. 
 8. Non-Assignability. The Options shall not be assignable or transferable by the Option Holder, except by (i) will
or by the laws of descent and distribution or (ii) with the consent of the Option Holder, by authorization of, or pursuant to procedures established by, the Committee to a member of the Option Holder’s family and/or a trust whose
beneficiaries are members of the Option Holder’s family or to such other persons or entities as may be approved by the Committee. During the life of the Option Holder, the Options shall be exercisable only by the Option Holder or by the Option
Holder’s guardian or legal representative or, following a transfer pursuant to (ii) above, by the approved transferee. Upon the Option Holder’s death, the Option may be exercised by the Option Holder’s estate, or by a person who
acquires the right to exercise the Option by bequest or inheritance or by reason of the death of the Option Holder to the extent provided for in Sections 6 and 7. 
 9. Rights as a Shareholder. The Option Holder shall have no rights as a shareholder by reason of the Options unless and until certificates for shares of Common Stock are issued to him or her. 
 10. Discretionary Plan. The Plan is discretionary in nature and may be suspended or terminated by the Company at any time. With respect to the
Plan, (a) each grant of an Option is a one-time benefit which does not create any contractual or other right to receive future grants of Options, or benefits in lieu of Options; (b) all determinations with respect to any such future
grants, including, but not limited to, the times when the Option shall be granted, the number of shares subject to each Option, the Option price, and the times when each Option shall be exercisable, will be at the sole discretion of the Company;
(c) the Option Holder’s participation in the Plan is voluntary; (d) the Option is not part of normal and expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payment, bonuses,
long-service awards, pension or retirement benefits, or similar payments; (e) the future value of the shares underlying the Options is unknown and cannot be predicted with certainty; and (f) if the underlying shares do not increase in
value, the Option will have no value. 
  

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 11. Effect of Plan. The Plan is hereby incorporated by reference into these Terms and Conditions,
and these Terms and Conditions are subject in all respects to the provisions of the Plan, including without limitation the authority of the Committee to adjust awards and to make interpretations and other determinations with respect to all matters
relating to these Terms and Conditions, the applicable Letter Agreements, the Plan, and awards made pursuant thereto. These Terms and Conditions shall apply to grants of Options made to the Option Holder from the date hereof until such time as
revised Terms and Conditions are effective. 
 12. Notice. Notices hereunder shall be in writing and if to the Company shall be
addressed to the Secretary of the Company at 7950 Jones Branch Drive, McLean, Virginia 22107 and if to the Option Holder shall be addressed to the Option Holder at his or her address as it appears on the Company’s records. 
 13. Successors and Assigns. The applicable Letter Agreement and these Terms and Conditions shall be binding upon and inure to the benefit of the
successors and assigns of the Company and, to the extent provided in Section 8 hereof, to the heirs, legatees and personal representatives of the Option Holder. 
 14. Change in Control Provisions. Notwithstanding anything to the contrary in these Terms and Conditions, the following provisions shall apply to all Options granted under the attached Letter Agreement:

 (a) Definitions. As used in Article 15 of the Plan and in these Terms and Conditions, a “Change in Control” shall mean the
first to occur of the following: 
 (i) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of the Company (the
“Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that, for purposes of this Section, the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or one of its affiliates or (iv) any acquisition pursuant to a transaction that complies with Sections 14(a)(iii)(A),
14(a)(iii)(B) and 14(a)(iii)(C); 
  

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 (ii) individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”)
cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election or nomination for election by the Company’s stockholders was approved
by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of 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 Board;

 (iii) consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the
Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business
Combination”), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled
to vote generally in the election of directors, as the case may be, of the corporation or entity resulting from such Business Combination (including, without limitation, a corporation or entity that, as a result of such transaction, owns the Company
or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common
Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any employee benefit plan (or related trust) of the Company or any corporation or entity resulting from such Business Combination) beneficially
owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation or entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of
such corporation or entity, except to the extent that such ownership existed prior to the Business 

  

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Combination, and (C) at least a majority of the members of the board of directors of the corporation or entity resulting from such Business Combination
were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 
 (iv) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 
 (b) Acceleration Provisions. In the event of the occurrence of a Change in Control, all outstanding Options shall become fully exercisable during their remaining term. The benefits that may accrue to the Option Holder under this
Section may be affected by the “Limited Vesting” provisions of Sections 15.3 and 15.4 of the Plan. 
 (c) Legal Fees. The
Company shall pay all legal fees, court costs, fees of experts and other costs and expenses when incurred by the Option Holder in connection with any actual, threatened or contemplated litigation or legal, administrative or other proceedings
involving the provisions of this Section 14, whether or not initiated by the Option Holder. The Company agrees to pay such amounts within 10 days following the Company’s receipt of an invoice from the Option Holder, provided that the
Option Holder shall have submitted an invoice for such amounts at least 30 days before the end of the calendar year next following the calendar year in which such fees and disbursements were incurred. 
 15. Grant Subject to Applicable Regulatory Approvals. Any grant of Options under the Plan is specifically conditioned on, and subject to, any
regulatory approvals required in the Director’s country. These approvals cannot be assured. If necessary approvals for grant or exercise are not obtained, the Options may be canceled or rescinded, or they may expire, as determined by the
Company in its sole and absolute discretion. 
 16. Applicable Laws and Consent to Jurisdiction. The validity, construction,
interpretation and enforceability of this Agreement shall be determined and governed by the laws of the State of Delaware without giving effect to the principles of conflicts of law. For the purpose of litigating any dispute that arises under this
Agreement, the parties hereby consent to exclusive jurisdiction in Virginia and agree that such litigation shall be conducted in the courts of Fairfax County, Virginia or the federal courts of the United States for the Eastern District of Virginia.

  

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