Enterprise Products Partners L.P.

SEC Filings

TEPPCO PARTNERS LP filed this Form 10-Q on 11/14/1997
Entire Document
<PAGE>   6
amount will be substantially equivalent to the total distributions that would
have been paid by the Partnership to the Participant had the Participant been
the owner during the respective period of a number of L.P. Units equal to the
number of Incentive Units credited to the Participant for the Plan Year.
Notwithstanding the foregoing, in the case of a Participant who is not an
Eligible Employee for any portion of a Partnership fiscal quarter covered by a
Plan Year (other than on account of termination after TEPPCO employment by
reason of death, disability or retirement under a retirement plan in which
TEPPCO participates), such Participant shall not receive credit for any
distributions paid by the Partnership with respect to such fiscal quarter.

         C.      For the Plan Year 1997, the Committee, in its sole discretion,
may add a premium to the Award Amount (as determined pursuant to the provisions
of Article V.B. directly above) equal to not less than ten percent (10%) nor
more than thirty percent (30%) of the 1997 Award Amount, provided attainment of
the following goals for Plan Year 1997, is meet:

                 1.       Safety:  Achieve a total OSHA accident frequency of 
                          1.10 or less;

                 2.       Product Quality:  Hold costs of correcting product
                          quality incidents to $200,000 or less, and

                 3.       Leaks, Spills and Releases:  Reduce the number of
                          leaks, spills and releases recorded in 1996 by 10
                          percent to 48 or fewer;

The term "Award Amount," as used hereafter, shall include any added