On October 30, 2008, Cedar Fair, L.P. (the "Partnership"), through its wholly owned subsidiary Magnum Management Corporation, granted time-based restricted phantom unit awards pursuant to the Company's 2008 Omnibus Incentive Plan to Messrs. Kinzel, Falfas, Crage and Decker in the amounts of 85,911, 33,677, 27,205, and 7,446, respectively. These awards vest in two equal installments on March 1, 2011 and 2012, respectively, assuming the grantee continues to be employed with the Company. Additionally, these awards accrue additional phantom units and are payable in a lump sum in units or a combination of cash and units in two equal installments on each of the applicable vesting dates. Copies of the restricted phantom unit award agreements are filed as Exhibits 10.1 through 10.4 to this current report on Form 8-K.

These awards were previously disclosed in the Company's Revised Definitive Proxy Statement on Schedule 14A for the 2009 Annual Meeting of Limited Partner Unitholders filed with the Securities and Exchange Commission on April 2, 2009.

(d) Exhibits.

Exhibit No.   Description
10.1          Cedar Fair, L.P. 2008 Omnibus Incentive Plan Restricted Phantom Unit
              Award Agreement, dated October 30, 2008, by and between Magnum
              Management Corporation and Richard L. Kinzel.

10.2          Cedar Fair, L.P. 2008 Omnibus Incentive Plan Restricted Phantom Unit
              Award Agreement, dated October 30, 2008, by and between Magnum
              Management Corporation and Jacob T. Falfas.

10.3          Cedar Fair, L.P. 2008 Omnibus Incentive Plan Restricted Phantom Unit
              Award Agreement, dated October 30, 2008, by and between Magnum
              Management Corporation and Peter J. Crage.

10.4          Cedar Fair, L.P. 2008 Omnibus Incentive Plan Restricted Phantom Unit
              Award Agreement, dated October 30, 2008, by and between Magnum
              Management Corporation and Robert A. Decker.