Value vested during the year definition

Value vested during the year means the aggregate dollar value that would have been realized if the options under the option-based award had been exercised on the vesting date. This amount is calculated by determining the difference between the market price of the underlying securities at exercise and the exercise or base price of the options under the option-based award on the vesting date.

Value vested during the year means the aggregate dollar value that would have been realized if the options under the option-based award had been exercised on the vesting date. This amount is calculated using the closing market prices of the Common Shares on the TSX on the dates on which stock options vested during the year, and subtracting the exercise price of in-the-money stock options.

Value vested during the year means the aggregate dollar value of the Common Shares that are issued on the vesting of the RSUs. This amount is calculated using the closing market price of the Common Shares on the dates on which the restricted periods of the RSUs expired during the year ended December 31, 2021.

Examples of Value vested during the year in a sentence

• Name Option-based awards – Value vested during the year ended December 31, 2015($)(1) Peter Brown ..............................-Minhas Mohamed$10,166.87Ron Patterson ............................$10,166.87Praveen Varshney .....................$7,006.17 Notes: (1) The value of the vested option-based awards is calculated based on the closing market price of the Common Shares on December 31, 2015 of$3.93.

• NameOption-based awards –Value vested during the year($) Share-based awards – Value vested during the year($) Non-equity incentive plan compensation –Value earned during the year ($)Dr. Matthew C.

• Name and Principal PositionOption-based awards – Value vested during the yearShare-based awards – Value vested during the year Pension Plan BenefitsJevco has a defined contribution plan in the form of a group retirement saving plan (the “Group RSP”), which provides for payments of benefits at, following or in connection with retirement.

• Name Option-based awards – Value vested during the year Share-based awards – Value vested during the yearNon-equity incentive plan compensation – Value earned during the year(1) 1.

• Name Option-based awards Value vested during the year ($)(1) Share-based awards – Value vested during the year ($)(1) This amount corresponds to the difference between the closing price of the common shares of the Corporation on the Toronto Stock Exchange on the vesting date or the last day before the vesting date and the exercise price of the stock options (or SARs).

• NameOption-based awards – Value vested during the year ($)Share-based awards – Value vested during the year ($)Non-equity incentive plan compensation – Value earned during the year ($)Stephen ShefskyNIL8,049NILRobert CampbellNIL10,349NILPetra DecherNIL4,598NILGuillermo KaelinNIL5,977NILKurt MenchenNIL8,049NIL Retirement Policy for Directors The Corporation does not have a retirement policy for its directors.

• NameOption-based awards– Value vested during the year (1)(2)(3) Securities Authorized for Issuance Under Equity Compensation Plans As at December 31, 2019, Orca did not have any equity compensation plans.

• NameOption-based awards – Value vested during the year ($)Share-based awards – Value vested during the year ($) (1)George DarlingAlfredo Garcia(1) These amounts represent the number of DSUs vested in fiscal 2020 held by each director of the Company multiplied by the closing share price on the vesting dates.

• NameOption-based awards – Value vested during the year ($)Share-based awards – Value vested during the year ($) (1)George Darling(1) These amounts represent the number of DSUs vested in fiscal 2020 held by each director of the Company multiplied by the closing share price on the vesting dates.

• Option based awards – Value vested during the year1Share based awards – Value vested during the year 2Non equity incentive plan compensation – Value earned during the yearNameHarris Kupperman, CEO Nil Nil NilGenevieve Walkden, CFO and Corporate SecretaryNotes: Nil Nil Nil1.

More Definitions of Value vested during the year

Value vested during the year for share based awards means the aggregate dollar value of the Common Shares that would be issued on the vesting of the DSUs. This amount is calculated using the closing market price of the Common Shares on the TSX on the dates on which the DSUs were awarded.

Value vested during the year means the aggregate dollar value that would have been realized if the options under the option-based award had been exercised on the vesting date. This amount is calculated using the closing market prices of the

Value vested during the year for share-based awards means the aggregate dollar value that would have been realized had the shares had been paid out on the date of vesting.