Common use of Vesting Upon a Change of Control Clause in Contracts

Vesting Upon a Change of Control. If a Change in Control occurs after the date of this Agreement and on or before the Final Vesting Date and either (i) the Employee provides Continuous Service through the date of such Change in Control or (ii) the Employee’s Continuous Service is involuntarily terminated without Cause on or after the thirtieth (30th) day prior to the date of such Change in Control, then, in either such case, the entire Award Amount, to the extent not previously vested, will vest immediately prior to the consummation of such Change in Control.

Appears in 4 contracts

Samples: Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp), Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp), Long Term Incentive Cash Award Agreement (Pioneer Energy Services Corp)

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