SEC Contract Filing

Filing Date: 2020-04-28

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>pten-ex101_94.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT&#160;10.1 </p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NON-EMPLOYEE DIRECTOR</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">RESTRICTED STOCK UNIT AWARD AGREEMENT</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PATTERSON-UTI ENERGY, INC.<br />2014 LONG-TERM INCENTIVE PLAN</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(As Amended and Restated Effective June 29, 2017)</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">THIS RESTRICTED STOCK UNIT AWARD AGREEMENT<font style="font-weight:normal;"> (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Agreement</font><font style="font-weight:normal;">&#8221;) is between Patterson-UTI Energy, Inc., a Delaware corporation (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Company</font><font style="font-weight:normal;">&#8221;), and _______________ (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Recipient</font><font style="font-weight:normal;">&#8221;) effective as of the ___ day of _________, 20___ (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Grant Date</font><font style="font-weight:normal;">&#8221;), pursuant to the Patterson-UTI Energy, Inc. 2014 Long-Term Incentive Plan, as amended and restated effective as of June 29, 2017, and as thereafter amended from time to time (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Plan</font><font style="font-weight:normal;">&#8221;), which is incorporated by reference herein in its entirety.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Company desires to grant to the Recipient the restricted stock units specified herein (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">RSUs</font><font style="font-weight:normal;">&#8221;), subject to the terms and conditions of this Agreement and the Plan; and</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the premises, mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:</font></p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;color:#010000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="color:#010000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;color:#010000;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"><font style="font-weight:bold;font-style:italic;color:#000000;">Definitions</font><font style="color:#000000;">. For purposes of this Agreement, the following terms shall have the meanings indicated:</font></p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;color:#010000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="color:#010000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style: