Common use of Final Value Clause in Contracts

Final Value. The aggregate value of Performance Units that shall vest as of the Scheduled Vesting Date shall be equal to the product of (i) the number of Performance Units, multiplied by (ii) the Final Value. The Final Value shall be equal to the sum of the contribution value attributed to the level achieved for each of Cumulative Adjusted EBITDA and relative TSR. In no event shall the Final Value exceed $200 per Performance Unit. If the performance ranking is below threshold for both Cumulative Adjusted EBITDA and relative TSR, the Final Value shall be zero. The Final Value shall be determined in accordance with the tables above for each of Cumulative Adjusted EBITDA and relative TSR with interpolation between the specified levels.

Appears in 4 contracts

Samples: 2023 Performance Unit Agreement (Oceaneering International Inc), Performance Unit Agreement (Oceaneering International Inc), 2022 Performance Unit Agreement (Oceaneering International Inc)

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Final Value. The aggregate value of Performance Units that shall vest as of the Scheduled Vesting Date shall be equal to the product of (i) the number of Performance Units, multiplied by (ii) the Final Value. The Final Value shall be equal to the sum of the contribution value attributed to the level achieved for each of Cumulative Adjusted EBITDA and relative TSR. In no event shall the Final Value exceed $200 per Performance Unit. If the performance ranking is below threshold for both Cumulative Adjusted EBITDA and relative TSR, the Final Value shall be zero. The Final Value shall be determined in accordance with the tables above for each of Cumulative Adjusted EBITDA and relative TSR with interpolation between the specified levels.. EXHIBIT A TO SUPPLEMENTAL 2017 PERFORMANCE UNIT AGREEMENT Designation of Beneficiary

Appears in 1 contract

Samples: Supplemental 2017 Performance Unit Agreement (Oceaneering International Inc)

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