Full Vesting Upon Certain Events. The entire Award, to the extent not previously vested, shall vest in full upon the first to occur of: (i) the effective date of a Change in Control, if either (A) the Employee remains continuously employed by the Company or a subsidiary of the Company through the date on which such Change in Control occurs or (B) the Employee’s employment or other service with the Company and its subsidiaries is involuntarily terminated without Cause on or after the thirtieth (30th) day prior to the date on which such Change in Control occurs; and (ii) the termination of the Employee’s employment or other service with the Company and its subsidiaries as a result of the Employee’s death or Disability (whether during or after the Performance Period).
Appears in 4 contracts
Samples: Long Term Incentive Restricted Stock Unit Award Agreement (Pioneer Energy Services Corp), Long Term Incentive Restricted Stock Unit Award Agreement (Pioneer Energy Services Corp), Restricted Stock Unit Agreement (Pioneer Energy Services Corp)
