0000076321-17-000007 Sample Contracts

PARKER DRILLING COMPANY RESTRICTED STOCK UNIT INCENTIVE AGREEMENT
Restricted Stock Unit Incentive Agreement • February 21st, 2017 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas

THIS RESTRICTED STOCK UNIT INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and XXXXXXXXX, an individual (“Grantee”), as of the XX day of XXXX, 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 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.

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PARKER DRILLING COMPANY PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENT
Phantom Stock Unit Award Incentive Agreement • February 21st, 2017 • 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 XXXXXXXXXXX, an individual and employee of the Company (“Grantee”), as of the XX day of XXXXXX, 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.

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