Western Gas Equity Partners, LP | 2013 | FY | 3

WES GP is currently entitled to 2.0% of all quarterly distributions by WES. WES GP is entitled to incentive distributions if the amount distributed by WES with respect to any quarter exceeds specified target levels shown below:
 
 
Total Quarterly Distribution
Target Amount
 
Marginal Percentage
Interest in Distributions
 
 
 
Unitholders
 
General Partner
Minimum quarterly distribution
 
$0.300
 
98.0%
 
2.0%
First target distribution
 
up to $0.345
 
98.0%
 
2.0%
Second target distribution
 
above $0.345 up to $0.375
 
85.0%
 
15.0%
Third target distribution
 
above $0.375 up to $0.450
 
75.0%
 
25.0%
Thereafter
 
above $0.450
 
50.0%
 
50.0%

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