Involuntary Termination of Employment. If the Optionee participates in the Company’s Key Executive Severance Plan, as amended (the “KESP”), and, before the Option becomes vested, the Optionee’s employment with the Company terminates pursuant to an Involuntary Termination (as defined in the KESP), the Option shall vest in accordance with the terms of the KESP.
Appears in 5 contracts
Samples: Stock Option Agreement (Pioneer Energy Services Corp), Stock Option Agreement (Pioneer Drilling Co), Stock Option Agreement (Pioneer Energy Services Corp)
