PARKER DRILLING COMPANY PERFORMANCE UNIT AWARD INCENTIVE AGREEMENTPerformance Unit Award Incentive Agreement • March 1st, 2011 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS PERFORMANCE UNIT AWARD INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and _______________, an individual and employee of the Company (“Grantee”), as of the ____ day of _______, 20__ (the “Grant Date”), subject to the terms and provisions of the Parker Drilling Company ___ Long-Term Incentive Program, effective as of January 1, ___, and as it may be amended from time to time thereafter (the “Program”), which is a sub-plan of the Parker Drilling Company 2010 Long-Term Incentive Plan, as it may be amended from time to time thereafter (the “Plan”). The Program and the Plan are hereby incorporated herein in their entirety by this reference. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Program or the Plan.
