The synthesis and reactivity of a Co(I) pincer complex [Co(ϰ(3) P,CH,P-P(CH)P(NMe) -iPr)(CO)2](+) featuring an η(2)-C(aryl)-H agostic bond is described. This complex was obtained by protonation of the Co(I) complex [Co(PCP(NMe) -iPr)(CO)2]. The Co(III) hydride complex [Co(PCP(NMe) -iPr)(CNtBu)2(H)](+) was obtained upon protonation of [Co(PCP(NMe) -iPr)(CNtBu)2]. Three ways to cleave the agostic C-H bond are presented. First, owing to the acidity of the agostic proton, treatment with pyridine results in facile deprotonation (C-H bond cleavage) and reformation of [Co(PCP(NMe) -iPr)(CO)2]. Second, C-H bond cleavage is achieved upon exposure of [Co(ϰ(3)P,CH,P-P(CH)P(NMe) -iPr)(CO)2](+) to oxygen or TEMPO to yield the paramagnetic Co(II) PCP complex [Co(PCP(NMe) -iPr)(CO)2](+). Finally, replacement of one CO ligand in [Co(ϰ(3) P,CH,P-P(CH)P(NMe) -iPr)(CO)2](+) by CNtBu promotes the rapid oxidative addition of the agostic η(2) -C(aryl)-H bond to give two isomeric hydride complexes of the type [Co(PCP(NMe) -iPr)(CNtBu)(CO)(H)](+).