BPL » Topics » Eligibility.

This excerpt taken from the BPL 8-K filed Dec 17, 2009.
Eligibility.  Persons eligible to participate in the Plan are regular full-time salaried employees of the General Partner and any affiliate who have a base salary equal to or in excess of $150,000 (or such other amount as determined by the Compensation Committee) and who have been selected by the Compensation Committee to participate in the Plan.

 

This excerpt taken from the BPL 10-Q filed May 6, 2009.
Eligibility

 

Grants hereunder may be made to Employees who, in the sole judgment of the Committee, are individuals who are in a position to significantly participate in the development and implementation of the Company’s strategic plans for the Partnership and thereby contribute materially to the continued growth and development of the Partnership and to its future financial success.  Grants hereunder may also be made to independent members of the board of directors of the Company or Mainline Management LLC as determined by the Committee in its sole discretion.  For purposes of this section independent directors shall be those members of the applicable board of directors who are “independent,” as defined in the Corporate Governance Guidelines of the Partnership or of Buckeye GP Holdings, L.P., the Company’s parent company, as applicable..

 

7.                                     

These excerpts taken from the BPL 8-K filed Mar 23, 2009.
Eligibility.    Persons eligible to receive grants under the Incentive Plan are (i) officers and employees of the Partnership, the General Partner and any of their affiliates and (ii) independent members of the Board of Directors of the General Partner or of MainLine Management LLC, which is the general partner of Buckeye GP Holdings L.P. (“BGH”), which is the parent company of the General Partner.  Such employees must be in a position to significantly participate in the development and implementation of the strategic plans for the Partnership and to contribute materially to the continued growth and development of the Partnership and to its future financial success as determined by the Compensation Committee in its sole discretion.  Independent directors are members of the applicable Board of Directors who are “independent,” as defined in the Corporate Governance Guidelines of the Partnership or of BGH.  Eligibility for participation in the Incentive Plan is determined in the sole discretion of the Compensation Committee, but the General Partner currently estimates that the class of employees who would be determined eligible for 2009 would be no more than 85 employees. The General Partner and

 

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MainLine Management LLC each currently has three independent directors, including one independent director who serves on both Boards.

 

6.     Eligibility

 

Grants hereunder may be made to Employees who, in the sole judgment of the Committee, are individuals who are in a position to significantly participate in the development and implementation of the Company’s strategic plans for the Partnership and thereby contribute materially to the continued growth and development of the Partnership and to its future financial success.  Grants hereunder may also be made to independent members of the board of directors of the Company or Mainline Management LLC as determined by the Committee in its sole discretion.  For purposes of this section independent directors shall be those members of the applicable board of directors who are “independent,” as defined in the Corporate Governance Guidelines of the Partnership or of Buckeye GP Holdings, L.P., the Company’s parent company, as applicable..

 

This excerpt taken from the BPL DEF 14A filed Dec 8, 2008.

6. Eligibility

        Grants hereunder may be made to Employees who, in the sole judgment of the Committee, are individuals who are in a position to significantly participate in the development and implementation of the Company's strategic plans for the Partnership and thereby contribute materially to the continued growth and development of the Partnership and to its future financial success. Grants hereunder may also be made to independent members of the board of directors of the Company or Mainline Management LLC as determined by the Committee in its sole discretion. For purposes of this section independent directors shall be those members of the applicable board of directors who are "independent," as defined in the Corporate Governance Guidelines of the Partnership or of Buckeye GP Holdings, L.P., the Company's parent company, as applicable..

This excerpt taken from the BPL DEF 14A filed Jan 18, 2005.
Eligibility. Persons eligible to receive options under the Plan are officers and key employees of the Partnership, the General Partner and affiliates, as determined by the Committee. However, the following individuals are not eligible to receive options under the Plan or material increases in benefits with respect to previously approved options: (1) a member of the Board, or (2) an officer of the General Partner whose compensation is not reimbursed by the Partnership pursuant to the terms and conditions of the Third Amended and Restated Exchange Agreement, dated as of December 15, 2004. The Partnership’s workforce is employed by Buckeye Pipe Line Services Company (“Services Company”), which is owned by the Buckeye Pipe Line Services Company Employee Stock Ownership Plan Trust. For the purposes of the Plan, Services Company is considered an affiliate of the Partnership, and therefore, its employees are eligible for grants under the Plan.

     

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