PARKER DRILLING COMPANY PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENTPhantom Stock Unit Award Incentive Agreement • February 25th, 2016 • Parker Drilling Co /De/ • Drilling oil & gas wells • Texas
THIS PHANTOM STOCK UNIT AWARD INCENTIVE AGREEMENT (this “Agreement”) is made and entered into by and between Parker Drilling Company, a Delaware corporation (the “Company”), and [NAME], an individual and employee of the Company (“Grantee”), as of the [DATE] day of [MONTH], 2015 (the “Grant Date”), subject to the terms and conditions of the Parker Drilling Company 2010 Long-Term Incentive Plan, as Amended and Restated, as it may be further amended from time to time thereafter (the “Plan”). The Plan is hereby incorporated herein in its entirety by this reference. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.
