Common use of Peer Group Changes Clause in Contracts

Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Eight Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Seven Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.00 Six Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Five Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.50 6 0.00 Four Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.00

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

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Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Eight Nine Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Seven Exhibit 10.7 Eight Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 1.71 3 1.50 1.42 4 1.25 1.13 5 1.00 0.84 6 0.75 0.55 7 0.50 0.26 8 0.00 Six Seven Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Five Six Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 1.60 3 1.33 1.20 4 1.00 0.80 5 0.50 0.40 6 0.00 Four Five Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.000.00 A-3 Exhibit 10.7

Appears in 1 contract

Samples: Stock Incentive Plan (Forum Energy Technologies, Inc.)

Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Eight Ten Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Seven Nine Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.25 9 0.00 Six Eight Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.71 3 1.42 4 1.13 5 0.84 6 0.55 7 0.26 8 0.00 Seven Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 6 0.33 7 0.00 Five Six Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 1.60 3 1.33 1.20 4 1.00 0.80 5 0.50 0.40 6 0.00 Four Five Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.00

Appears in 1 contract

Samples: Stock and Incentive Plan (Forum Energy Technologies, Inc.)

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Peer Group Changes. If, as a result of merger, acquisition or a similar corporate transaction, a member of the Peer Group ceases to be a member of the Peer Group (an “Affected Peer Company”), the Affected Peer Company shall not be included in the Eight Ten Company Payout Schedule and the applicable of the following alternative schedules shall be used in its place: Nine Company Payout Schedule Company Ranking Payout Multiplier 1 3.00 2 2.45 3 1.90 4 1.45 5 1.00 6 0.75 7 0.50 8 0.25 9 0.00 A-2 Eight Company Payout Schedule Company Ranking Payout Multiplier 1 3.00 2 2.00 3 1.50 4 1.00 5 1.10 6 0.75 7 0.50 8 0.00 Seven Company Payout Schedule Company Ranking Payout Multiplier 1 3.00 2 2.00 2 1.75 3 1.50 4 1.25 5 1.00 6 0.75 7 0.50 8 0.00 Six Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.67 0.75 6 0.33 7 0.00 Five Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.67 3 1.33 4 1.00 5 0.50 6 0.00 Four Company Payout Schedule Company Ranking Payout Multiplier 1 2.00 2 1.50 3 1.00 4 0.50 5 0.000.50

Appears in 1 contract

Samples: Stock and Incentive Plan (Forum Energy Technologies, Inc.)

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