Then comes as week of bad luck. None if any blocks are found. Shares pay out less and less. The rational thing would be for everyone to stay, but people just say they get more per share at other pools and leave until the pool has caught up. Hashrate goes down and it takes even longer to recover.
In the extreme, everyone would leave, leaving behind a pool where shares are worth less than expected value. Why would anyone start mining again?
As I understand it, account balance increases only after a block was found (correct me if I'm wrong).
So when a longer-than-average round takes place AND the pool has not enough savings to payout the full PPS after the block was finally found, this basically switches to proportional (with more than 50BTC total reward, because the pool still had some savings left from a lucky round) and everyone gets (their_shares/total_shares)*(50+pool_savings) BTC. [NB: Even though this looks pool-hopping-vulnerable, it probably is not, because it only applies to unlucky rounds]
Now compare this to proportional, where miners get even less reward for unlucky rounds, because there are no pool_savings. And I think most proportional pools don't have any problems with too many miners leaving on unlucky rounds.
Because miners got underpaid in this round, the pool remembers that and later on, when a lucky round takes place, adds the missing BTC to the account balance.