0001104659-05-038366 Sample Contracts

TERMINATION AGREEMENT
Termination Agreement • August 11th, 2005 • Pioneer Drilling Co • Drilling oil & gas wells • Texas

This Termination Agreement (this “Agreement”) is made and entered into as of August 5, 2005, by and between Wm. Stacy Locke (“Locke”) and Pioneer Drilling Company, a Texas corporation (“Pioneer”).

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PIONEER DRILLING SERVICES, LTD. ANNUAL INCENTIVE COMPENSATION PLAN FORM OF INCENTIVE COMPENSATION AWARD AGREEMENT
Incentive Compensation Award Agreement • August 11th, 2005 • Pioneer Drilling Co • Drilling oil & gas wells • Texas

This Incentive Compensation Award Agreement (this “Agreement”) is made as of , 20 between Pioneer Drilling Services, Ltd., a Texas limited partnership (the “Partnership”), and (the “Participant”) under the Pioneer Drilling Services, Ltd. Annual Incentive Compensation Plan (the “Plan”), a copy of which has been made available to the Participant, and sets forth the terms, conditions and limitations applicable to an Award to the Participant relative to Fiscal Year 20 .

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