Sunoco 2015 Annual Report Download - page 134

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132
restricted units rather than unit options for equity awards because restricted units retain value even in a depressed market so
that employees are less likely to take unreasonable risks to get, or keep, options "in-the-money." Finally, the time-based vesting
over five years for our long-term incentive awards ensures that our employees' interests align with those of our unitholders for
the long-term performance of the Partnership.
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION
Messrs. Angelle, McCrea, Anderson, Bray, and Hennigan served on the Compensation Committee during 2015. Mr.
McCrea is an officer of ETE's general partner, and Mr. Hennigan is an officer of our general partner. During 2015, none of the
members of the Compensation Committee served as executive officers of any company with respect to which any of our
officers served on such company's compensation committee or board of directors, and none of the directors of our general
partner served as executive officers of any company with respect to which any of our officers served on such company's
compensation committee (or other board committee performing equivalent functions or, in the absence of such committee, the
entire board of directors).