SEVERANCE AGREEMENTSeverance Agreement • February 21st, 2008 • Pioneer Natural Resources Co • Crude petroleum & natural gas • Texas
This Severance Agreement (“Agreement”) is entered into, as of August 16, 2005, among Pioneer Natural Resources Company, a Delaware corporation (“Parent”), Pioneer Natural Resources USA, Inc., a Delaware corporation that is a wholly-owned subsidiary of Parent (“Employer”) and Scott D. Sheffield (“Employee”). As used henceforth in this Agreement, the term “Company” shall be deemed to include Parent and its direct or indirect majority-owned subsidiaries.
