2007 Chairman Performance Unit Agreement Sample Contracts

Contract
2007 Chairman Performance Unit Agreement • February 27th, 2007 • Oceaneering International Inc • Oil & gas field services, nec • Texas

This 2007 Performance Unit Agreement (this “Agreement”) is between Oceaneering international, inc. (the “Company”) and __________ (the “Participant”), the non-employee Chairman of the Board of Directors of the Company (“Chairman”), regarding an award (“2007 Performance Award”) of __________ units (“Performance Units”), each representing an initial notional value of $100.00, under the 2005 Incentive plan of oceaneering international, inc. (the “Plan”), awarded to the Participant effective February 23, 2007 (the “Award Date”), and subject to the following terms and conditions:

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