Document:

Form of Phantom Unit Grant

 Exhibit 10.1 
 ATLAS ENERGY, L.P 
 2010 LONG-TERM INCENTIVE PLAN 

PHANTOM UNIT GRANT AGREEMENT 
 THIS AGREEMENT, made as of this      day of
                    , 20     (the “Date of Grant”) by and between
                    , (the “Grantee”) and ATLAS ENERGY, L.P. (together with its successors and assigns hereinafter referred to as,
the “Partnership”). 
 WHEREAS, the Partnership’s 2010 Long-Term Incentive Plan (the “Plan”)
provides for the grant of phantom units in accordance with the terms and conditions of the Plan; and 
 WHEREAS, the
Committee has determined that it would be in the best interest of the Partnership to grant the phantom units described herein on the terms and conditions hereinafter set forth; and 

WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the
Plan. 
 NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows: 

 

	 	1.	Grant of Phantom Units. 

 Subject to the terms and conditions set forth in this Agreement and the Plan, the Partnership hereby grants the Grantee
                     phantom units, subject to the restrictions set forth below and in the Plan (the “Phantom Units”). 

 

	 	2.	Phantom Unit Account. 

 Phantom Units represent hypothetical common units of the Partnership (“Units”), and not actual Units. The Partnership shall establish and maintain a Phantom Unit account, as a bookkeeping
account on its records, for the Grantee and shall record in such account the number of Phantom Units granted to the Grantee. No Units shall be issued to the Grantee at the time the grant is made, and the Grantee shall not be, nor have any of the
rights or privileges of, a unitholder of the Partnership with respect to any Phantom Units recorded in the account. The Grantee shall not have any interest in any fund or specific assets of the Partnership or the Company by reason of this grant or
the Phantom Unit account established for the Grantee. 
  

	 	3.	Vesting. 

 The
Phantom Units shall be subject to forfeiture until the Phantom Units vest. The Phantom Units shall become vested according to the following schedule, if the Grantee continues to be employed by, or provide service to, an Employer on the applicable
vesting date: 

					
	 Vesting Date
	  	Vested Phantom units	 
	 [First anniversary of the Date of Grant
	  	 	    	% 
	 Second anniversary of the Date of Grant
	  	 	    	% 
	 Third anniversary of the Date of Grant
	  	 	    	% 
	 Fourth anniversary of the Date of Grant
	  	 	    	%] 

 The vesting of the Phantom Units
shall be cumulative, but shall not exceed 100% of the Phantom Units. 
  

	 	4.	Termination of Phantom Units. 

 (a) Except as provided below, upon the Grantee’s termination of employment or service with an Employer (“Termination of Employment”) for any reason before all of the Phantom Units vest, any
unvested Phantom Units shall automatically terminate and shall be forfeited as of the date of the Grantee’s Termination of Employment. No distribution shall be made with respect to any unvested Phantom Units that terminate as described in this
Section 4. 
 (b) Upon the Grantee’s Termination of Employment by reason of death, any unvested Phantom
units shall immediately vest. 
 (c) Upon the Grantee’s Termination of Employment by reason of Disability,
the unvested Phantom units shall immediately vest. 
  

	 	5.	Payment of Phantom Units. 

 (a) If and when the Phantom Units vest, the Partnership shall issue to the Grantee one Unit for each vested Phantom Unit, subject to the Grantee’s tax withholding obligations as described below.
Distribution shall be made within 30 days after the vesting date. 
 (b) The Employer is authorized to withhold
from any payment due or transfer made under this Agreement or from any compensation or other amount owing to the Grantee, including by payroll deduction, the amount (in cash, Units, other securities or other property as determined by the Committee)
of any applicable taxes payable in respect to the Phantom Units, or any payment or transfer under this Agreement or the Plan and to take such other action as may be necessary in the opinion of the Employer to satisfy its withholding obligations for
the payment of such taxes, all in accordance with Section 8(b) of the Plan. If the Committee determines that Units (including Units subject to the Phantom Units) may be used to satisfy tax withholding, such Units shall be valued based on their
Fair Market Value when the tax withholding is required to be made; provided, however, that not more than the legally required minimum tax withholding amount may be settled by Unit withholding. If the Grantee fails to pay any required tax
withholding amount in the manner specified by the Employer when the Phantom Units become taxable, after receiving written notice from the Employer, the Employer is authorized to cancel such Phantom Units, in which case the Phantom Units shall be
forfeited and shall not be paid to the Grantee. The obligation of the Partnership to 

  
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deliver Units shall also be subject to the condition that if at any time the Committee shall determine in its discretion that the listing, registration or qualification of the Units upon any
securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issue of Units, the Units may not be issued in whole or in
part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. The issuance of Units to Grantee pursuant to this Agreement is subject to any
applicable taxes and other laws or regulations of the United States or of any state having jurisdiction thereof. 
  

	 	6.	Distribution Equivalents with respect to Phantom Units.  

 Until such time as the Phantom Units are paid or forfeited, if a distribution is paid by the Partnership on its Units, the Partnership shall pay to the Grantee, in cash, the amount of the corresponding
Distribution Equivalent attributable to the Grantee’s then outstanding Phantom Units. The Distribution Equivalent shall be paid to the Grantee on the date on which the distribution is paid by the Partnership on Units. 

 

	 	7.	Change in Control. 

The provisions of the Plan applicable to a Change in Control shall apply to the Phantom Units, and, in the event of a Change in Control,
the Committee may take such actions as it deems appropriate pursuant to the Plan. 
  

	 	8.	Grant Subject to Plan Provisions. 

 This grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. The grant and payment of the Phantom
Units are subject to interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to
(i) the registration, qualification or listing of the Units, (ii) changes in capitalization of the Partnership and (iii) other requirements of applicable law. The Committee shall have the authority to interpret and construe the
Phantom Units pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder. 
  

	 	9.	No Employment or Other Rights. 

 The grant shall not confer upon the Grantee any right to be retained by or in the employ or service of any Employer and shall not interfere in any way with the right of any Employer to terminate the
Grantee’s employment or service at any time. The right of any Employer to terminate at will the Grantee’s employment or service at any time for any reason is specifically reserved. 

 

	 	10.	No Unitholder Rights. 

  
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 Neither the Grantee, nor any person entitled to receive payment in the event of the
Grantee’s death, shall have any of the rights and privileges of a Unitholder until certificates for Units have been issued upon payment of Phantom Units. 
  

	 	11.	Assignment and Transfers. 

 Except as the Committee may otherwise permit pursuant to the Plan, the rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in
the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Phantom Units or any right hereunder, except
as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Partnership may terminate the Phantom Units by notice to the Grantee, and the Phantom
Units and all rights hereunder shall thereupon become null and void. The rights and protections of any Employer hereunder shall extend to any successors or assigns of such Employer. This Agreement may be assigned by the Employer without the
Grantee’s consent. 
  

	 	12.	Applicable Law. 

The validity, construction, interpretation and effect of this Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware, without giving effect to the conflicts of laws provisions thereof. 
  

	 	13.	Section 409A. 

This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or an
exemption, and payments may only be made under this Agreement upon an event and in a manner permitted by Section 409A of the Code, to the extent applicable. To the maximum extent permitted under Section 409A of the Code, the benefits
provided under this Agreement are intended to be subject to a “substantial risk of forfeiture” under Section 409A of the Code, and will be paid within the “short term deferral period” following the lapse of the applicable
forfeiture conditions. In no event may the Grantee, directly or indirectly, designate the calendar year of a payment. Notwithstanding anything in this Agreement to the contrary, if required by Section 409A of the Code, if the Grantee is
considered a “specified employee” for purposes of Section 409A of the Code and if payment of any amounts under this Agreement is required to be delayed for a period of six months after separation from service pursuant to
Section 409A of the Code, payment of such amounts shall be delayed as required by Section 409A of the Code, and the accumulated amounts shall be paid in a lump sum payment within ten days after the end of the six-month postponement period.
If the Grantee dies during the six-month postponement period prior to the payment of benefits, the amounts withheld on account of Section 409A of the Code shall be paid to the personal representative of the Grantee’s estate within 60 days
after the date of the Grantee’s death. 
  

	 	14.	Notice. 

 Any
notice to the Partnership provided for in this Agreement shall be addressed to the 

  
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 Partnership in care of its Chief Legal Officer at its executive offices at 1845 Walnut
Street, 10th Floor, Philadelphia, Pennsylvania 19103 or at
such other address as to which the Partnership shall have notified Grantee in writing, and any notice to the Grantee shall be addressed to such Grantee at the current address shown on the payroll of the Employer, or to such other address as the
Grantee may designate to the Employer in writing. Any notice shall be delivered by hand or by a recognized courier service such as FedEx or UPS, sent by telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and
deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service. 
 [SIGNATURES
CONTAINED ON FOLLOWING PAGE] 

  
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 IN WITNESS WHEREOF, this Phantom Unit Grant Agreement has been duly executed as of
the Date of Grant. 
  

			
	 ATLAS ENERGY, L.P.

		
	By:	 	 Atlas Pipeline Holdings GP, LLC,

its general partner

		
	By:	 	  

	Name:	 	
	Title:	 	

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

					
	  
	 	  	  	  

	Date	 	  	  	, Grantee

  
 6Form of Stock Option Grant

 Exhibit 10.2 
 ATLAS ENERGY, L.P 
 2010 LONG-TERM INCENTIVE PLAN 

OPTION GRANT AGREEMENT 
 THIS AGREEMENT, made as of this      day of
                    , 20     (the “Grant Date”) by and between
                    , (“Participant”) and ATLAS ENERGY, L.P. (together with its successors and assigns hereinafter referred to as,
the “Partnership”). 
 WHEREAS, the Partnership’s 2010 Long-Term Incentive Plan (the “Plan”)
provides for the granting of Options by the Committee to Employees, in accordance with the terms and provisions thereof; and 

WHEREAS, the Committee has determined that it would be in the best interest of the Partnership to grant the Options described
herein on the terms and conditions hereinafter set forth; and 
 WHEREAS, capitalized terms used herein and not otherwise
defined herein shall have the respective meanings ascribed thereto in the Plan. 
 NOW, THEREFORE, the parties hereto,
intending to be legally bound hereby, agree as follows: 
  

	 	1.	Grant of Option. 

Subject to the terms and conditions hereinafter set forth, the Partnership, with the approval and at the direction of the Committee,
hereby grants to the Participant, an Option to purchase up to          units of limited partner interest of the Partnership (the “Units”), at an exercise price of
$             per Unit. Such option is hereinafter referred to as the “Option” and the Units purchasable upon exercise of the Option are hereinafter sometimes referred to
as the “Option Units.” The Option is not intended to be an Incentive Stock Option. 
  

	 	2.	Installment Exercise. 

 Subject to such further limitations as are provided herein, the Option shall become exercisable in [        ] installments, the Participant having the right
hereunder to purchase from the Partnership the following number of Option Units upon exercise of the Option, on and after the following dates, in cumulative fashion: 
 (a) [on and after the first anniversary of the Grant Date, up to     % (ignoring fractional Units) of the total number of Option Units; 

 (b) on and after the second anniversary of the Grant Date, up to an additional
    % (ignoring fractional Units) of the total number of Option Units; 
 (c) on and after the third
anniversary of the Grant Date, up to an additional     % (ignoring fractional Shares) of the total number of Option Shares; and 
 (d) on and after the fourth anniversary of the Grant Date, the remaining Option Shares.] 
  

	 	3.	Termination of Option. 

 (a) The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been exercised or terminated earlier in accordance with the terms of this Agreement, shall terminate
and become null and void after the expiration of ten (10) years from the Grant Date (the “Option Term”). 
 (b)
Upon the Participant’s Termination of Employment by reason of Disability, the portion of the Option that was outstanding and exercisable as of such Termination of Employment may be exercised by the Participant during the six (6)-month period
following the date of Termination of Employment by reason of Disability, but not later than the end of the Option Term. 
 (c)
Upon the Participant’s Termination of Employment by reason of death, any unvested portion of the Option shall immediately vest in full and become exercisable by the Participant’s legal representative for the one (1) year period
following the date of Termination of Employment, but not later than the end of the Option Term. 
 (d) Upon the
Participant’s Termination of Employment by the Partnership for Cause, any unexercised portion of the Option shall immediately terminate and become null and void. 
 (e) Upon the Participant’s Termination of Employment other than as provided for in Sections 3(b), (c) and (d) above, the portion of the Option that was outstanding and exercisable as of
such Termination of Employment may only be exercised during the ninety (90) day period following such Termination of Employment, but not later than the end of the Option Term. 

(f) A transfer of the Participant’s employment between the Partnership and any Subsidiary or Affiliate, or between any Subsidiaries
or Affiliates, shall not be deemed to be a Termination of the Employment. 
  

	 	4.	Exercise of Option. 

(a) The Participant may exercise the Option with respect to all or any part of the Option Units granted hereunder by giving the
Partnership or its delegate notice of 

  
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intent to exercise, according to procedures established by the Partnership. The notice of exercise shall specify the number of Option Units as to which the Option is to be exercised, the exercise
date and other information required by the Partnership or its delegate. 
 (b) Full payment (in U.S. dollars) by the Participant
of the exercise price for the Option Units purchased shall be made on or before the exercise date in cash, or, as and to the extent permitted by the Committee, the exercise price may be paid by any of the other methods allowed under
Section 6(a) of the Plan. 
 (c) As soon as is practicable after the exercise date, the Partnership shall cause to be
delivered to the Participant the Option Units then being purchased (out of theretofore unissued Units or reacquired Units, as the Partnership may elect) upon full payment for such Option Units. The obligation of the Partnership to deliver Units
shall, however, be subject to the conditions set forth in the Plan (including, without limitation, under Section 6(d) thereof). 
 (d) If the Participant fails to pay for any of the Option Units exercised or fails to accept delivery thereof, the Participant’s right to purchase such Option Units may be terminated by the
Partnership. 
 (e) The Partnership or any Affiliate is authorized to withhold from any payment due or transfer made under this
Option or from any compensation or other amount owing to the Participant, including by payroll deduction, the amount (in cash, Option Units, other securities or other property as determined by the Committee) of any applicable taxes payable in
respect to this Option, its exercise or any payment or transfer under this Option or the Plan and to take such other action as may be necessary in the opinion of the Partnership or such Affiliate to satisfy its withholding obligations for the
payment of such taxes, all in accordance with Section 8(b) of the Plan. If Units (including Option Units) are used to satisfy tax withholding, such Units shall be valued based on their Fair Market Value when the tax withholding is required to
be made; provided, however, that not more than the legally required minimum tax withholding amount may be settled by Unit withholding. 
  

	 	5.	Adjustment of and Changes in Units of the Partnership.  

 In the event that any transaction or event affects the Units such that an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made
available under the Plan, the Committee or the Board shall make such adjustment to the Option as is provided for in Section 4(a) of the Plan. 

  
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	 	6.	No Rights as Unitholder. 

 Neither the Participant nor any personal representative shall be, or shall have any of the rights and privileges of, a unitholder of the Partnership with respect to any Units purchasable or issuable upon
the exercise of the Option, in whole or in part, prior to the date of exercise of the Option. 
  

	 	7.	Non-Transferability of the Option. 

 During the Participant’s lifetime, the Option shall be exercisable only by the Participant or any guardian or legal representative of the Participant, and the Option shall not be transferable except,
in the case of death of the Participant, by will or the laws of descent and distribution, nor shall the Option be subject to attachment, execution or other similar process. In the event of (a) any attempt by the Participant to alienate, assign,
pledge, hypothecate or otherwise dispose of the Option, except as provided for herein, or (b) the levy of any attachment, execution or similar process upon the rights or interest hereby conferred, the Partnership may terminate the Option by
notice to the Participant and it shall thereupon become null and void. 
  

	 	8.	No Contract of Employment. 

 This Agreement shall not constitute a contract of employment, and shall not confer upon the Participant any right to continued employment or other service relationship with the Partnership or its
Subsidiaries, nor shall it interfere with or limit in any way the right of the Partnership or any Subsidiary or Affiliate to terminate the employment or other service relationship of the Participant at any time. 

 

	 	9.	Amendment of Option. 

 The Option may be amended by the Board or the Committee at any time, subject to the provisions of Section 7(b) of the Plan. 

 

	 	10.	Notice. 

 Any notice to the Partnership provided for in this instrument shall be addressed to it in care of its Chief Legal Officer at its executive offices at 1845 Walnut Street, 10th Floor, Philadelphia, Pennsylvania 19103 or at such other address as
to which the Partnership shall have notified Participant in writing and any notice to the Participant shall be addressed to the Participant at the current address shown on the payroll records of the Partnership. Any notice shall be deemed to be duly
given if and when properly addressed and posted by registered or certified mail, postage prepaid. 

  
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	 	11.	Incorporation of Plan by Reference. 

 The Option is granted pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and this Agreement shall in all respects be interpreted in accordance with the Plan. This
Agreement is subject to interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to
(i) rights and obligations with respect to withholding taxes, (ii) the registration, qualification or listing of the Units, (iii) changes in capitalization of the Partnership, and (iv) other requirements of applicable law. The
Committee shall interpret and construe the Plan and this Agreement, and its interpretations and determinations shall be conclusive and binding on the parties hereto and any other person claiming an interest hereunder, with respect to any issue
arising hereunder or thereunder, all in accordance with the provisions of the Plan (including Section 3 thereof). 
  

	 	12.	Cancellation and Rescission of Option. 

 (a) Notwithstanding anything in this Agreement to the contrary, the Committee may cancel, rescind, suspend, withhold or otherwise limit or restrict the exercise of the Option at any time if the
Participant (i) is convicted of a felony or a crime of moral turpitude with respect to the Partnership or its Subsidiaries or Affiliates; (ii) engages in fraud or embezzlement with respect to the Partnership or its Subsidiaries or
Affiliates; or (iii) materially breaches the Participant’s obligations under any written non-competition, non-solicitation or confidentiality agreement entered into between the Participant and the Partnership or any of its Subsidiaries or
Affiliates (each, a “Rescission Event”). 
 (b) Upon exercise of an Option, the Committee may require that the
Participant certify in a manner acceptable to the Committee that he or she has not engaged in any conduct that constitutes a Rescission Event. In the event that a Participant engages in conduct that constitutes a Rescission Event before, or
during the one-year period after, any exercise of the Option, such exercise may be rescinded by the Partnership within two years after the Participant engages in such conduct. In the event of any such rescission, the Participant shall pay to
the Partnership the amount of any gain realized or payment received as a result of the rescinded Option, in such manner and on such terms and conditions as may be required by the Committee, and the Partnership shall be entitled to set off against
the amount of any such gain any amounts owed to the Participant by the Partnership. 
  

	 	13.	Governing Law. 

This Agreement, and all determinations made and actions taken thereunder, shall be governed by and construed in accordance with the laws
of the State of Delaware, without reference to principles of conflict of laws. 

  
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 [SIGNATURES CONTAINED ON FOLLOWING PAGE] 

  
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 IN WITNESS WHEREOF, the Partnership has caused its duly authorized officer to execute
and attest to this Grant of Unit Option and the Participant has placed his or her signature hereon, effective as of the date hereof. 
  

			
	ATLAS ENERGY, L.P.
		
	By:	 	 Atlas Pipeline Holdings GP, LLC,

its general partner

		
	By:	 	  

	Name:	 	
	Title:	 	

 I hereby accept the Option described in this Agreement, and I agree to be bound by the terms of the Plan and
this Agreement. I hereby agree that all of the decisions and determinations of the Committee with respect to the Option shall be final and binding. 
  

					
	  
	 	  	  	  

	Date	 	  	  	                    ,
Participant        

  
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