Common use of Termination of the Award Clause in Contracts

Termination of the Award. Unless earlier terminated pursuant to Section 4, the Employee’s rights under this Agreement with respect to any portion of the Award will terminate at the time such portion of the Award is paid to the Employee or at such time that such portion of the Award is no longer eligible to become paid, as determined by the Committee.

Appears in 2 contracts

Samples: Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp), Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp)

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Termination of the Award. Unless earlier terminated pursuant to Section 3 or Section 4, the Employee’s rights under this Agreement with respect to any portion of the Award will terminate at the time such portion of the Award is paid to the Employee or at such time that such portion of the Award is no longer eligible to become paid, as determined by the Committee.

Appears in 2 contracts

Samples: Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp), Long Term Incentive Cash Award Agreement (Pioneer Drilling Co)

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Termination of the Award. Unless earlier terminated pursuant to Section 3 or Section 4, the Employee’s rights under this Agreement with respect to any portion of the Award will terminate at the time such portion of the Award is paid to the Employee or at such time that such portion of the Award is no longer eligible to become paid, as determined by the Committee.

Appears in 1 contract

Samples: Long Term Incentive Cash Award Agreement (Pioneer Drilling Co)

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