Termination of Vesting. Except as otherwise provided in Section 4(b) and Section 4(c), no portion of the Award Amount shall vest following the termination of the Employee’s Continuous Service for any reason or under any circumstances. Any portion of the Award (which may include the entire Award Amount) that has not vested and is incapable of vesting in accordance with the terms of this Section 4 shall thereupon terminate and be cancelled and the Company will have no further obligation to the Employee with respect to such terminated and cancelled portion of the Award.
Appears in 4 contracts
Samples: Cash Award Agreement (Pioneer Drilling Co), Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp), Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp)
