PARKER DRILLING COMPANY PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENTPhantom Stock Unit Award Incentive Agreement • May 5th, 2016 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and First Last, an individual and employee of the Company (“Grantee”), as of the 10th day of March, 2016 (the “Grant Date”), subject to the terms and conditions of the Parker Drilling Company 2010 Long-Term Incentive Plan, as Amended and Restated as of May 8, 2013, as it may be further amended from time to time thereafter (the “Plan”). The Plan is hereby incorporated herein in its entirety by this reference. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.
