Common use of Termination By The Company Not For Cause Or By Employee For Good Reason Clause in Contracts

Termination By The Company Not For Cause Or By Employee For Good Reason. (i) Notwithstanding Section 2 of this Agreement, if your employment relationship with the Company and each of its Subsidiaries by which you are employed is terminated prior to the Vesting Date (x) by the Company and such Subsidiaries and such termination is not a Termination for Cause or (y) by you and such termination is a Termination for Good Reason, then this Option shall become fully vested and exercisable as to all shares covered hereby.

Appears in 4 contracts

Samples: www.sec.gov, Nonstatutory Stock Option Agreement (Pioneer Natural Resources Co), Nonstatutory Stock Option Agreement (Pioneer Natural Resources Co)

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Termination By The Company Not For Cause Or By Employee For Good Reason. (i) Notwithstanding Section 2 of this Agreement, if If your employment relationship with the Company and each of its Subsidiaries by which you are employed is terminated prior to the Vesting Date (x) by the Company and such Subsidiaries and such termination is not a Termination for Cause or (y) by you and such termination is a Termination for Good Reason, then all of the Restricted Shares subject to this Option Award shall become fully immediately and unconditionally vested and exercisable as to all shares covered herebyunrestricted.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Pioneer Natural Resources Co), Restricted Stock Award Agreement (Pioneer Natural Resources Co)

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Termination By The Company Not For Cause Or By Employee For Good Reason. (i) Notwithstanding Section 2 4 of this Agreement, if your employment relationship with the Company and each of its Subsidiaries by which you are employed is terminated prior to the Vesting Date (x) by the Company and such Subsidiaries and such termination is not a Termination for Cause or (y) by you and such termination is a Termination for Good Reason, then all of the Restricted Stock Units granted pursuant to this Option Agreement shall become fully immediately and unconditionally vested and exercisable as to all shares covered herebyunrestricted.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Pioneer Natural Resources Co)

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