Final Value. The aggregate value of Performance Units that shall vest as of the third anniversary of the Award 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 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 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 EBITDA and relative TSR with interpolation between the specified levels.
Appears in 2 contracts
Sources: Performance Unit Agreement (Oceaneering International Inc), Performance Unit Agreement (Oceaneering International Inc)