Common use of Distribution and Payment Clause in Contracts

Distribution and Payment. Upon termination of your employment relationship with the Company and each of its Subsidiaries as a result of your death or Disability, the shares of Stock related to your Restricted Stock Units that become vested pursuant to paragraph (b) of this Section 6 shall be paid to you immediately (and in no event later than 30 days) following your death. Upon termination of your employment relationship with the Company and each of its Subsidiaries under all other circumstances contemplated by paragraphs (b) and (c) of this Section 6 (“Section 6 Acceleration Events”), the following shall apply:

Appears in 1 contract

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

Distribution and Payment. Upon termination of your employment relationship with the Company and each of its Subsidiaries as a result of your death or Disabilitydeath, the shares of Stock related to your Restricted Stock Units that become vested pursuant to paragraph (b) of this Section 6 shall be paid to you immediately (and in no event later than 30 days) following your death. Upon termination of your employment relationship with the Company and each of its Subsidiaries under all other circumstances contemplated by paragraphs (b) and (c) of this Section 6 (“Section 6 Acceleration Events”), the following shall apply:

Appears in 1 contract

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

Distribution and Payment. Upon termination of your employment relationship with the Company and each of its Subsidiaries as a result of your death or Disability, the shares of Stock related to your Restricted Stock Units that become vested pursuant to paragraph (bSection 5(b) of this Section 6 shall be paid to you immediately (and in no event later than 30 days) following your deathdeath or Disability. Upon termination of your employment relationship with the Company and each of its Subsidiaries under all other circumstances contemplated by paragraphs (bSections 5(b) and (c5(c) of this Section 6 (“Section 6 5 Acceleration Events”), the following shall apply:

Appears in 1 contract

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

Distribution and Payment. Upon termination of your employment relationship with the Company and each of its Subsidiaries as a result of your death or Disabilitydeath, the shares of Stock related to your Restricted Stock Units that become vested pursuant to paragraph (b) of this Section 6 shall be paid to you immediately (and in no event later than 30 days) following your death. Upon termination of your employment relationship with the Company and each of its Subsidiaries under all other circumstances contemplated by paragraphs (b), (c) and (cd) of this Section 6 (“Section 6 Acceleration Events”), the following shall apply:

Appears in 1 contract

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

Distribution and Payment. Upon termination of your employment relationship with the Company and each of its Subsidiaries as a result of your death or Disability, the shares of Stock related to your Restricted Stock Units that become vested pursuant to paragraph (bSection 6(c) of this Section 6 shall be paid to you immediately (and in no event later than 30 days) following your deathdeath or Disability. Upon termination of your employment relationship with the Company and each of its Subsidiaries under all other circumstances contemplated by paragraphs (bSection 6(c) and (c) of this Section 6 (“Section 6 Acceleration Events”), the following shall apply:

Appears in 1 contract

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