Settlement and Payment. Settlement of all Performance Units will be made by payment in cash and shall be paid to the Participant in a lump sum as soon as administratively practicable following the applicable vesting date determined pursuant to Paragraph 3.
Appears in 7 contracts
Samples: Performance Unit Agreement (Oceaneering International Inc), 2020 Performance Unit Agreement (Oceaneering International Inc), 2019 Performance Unit Agreement (Oceaneering International Inc)
Settlement and Payment. Settlement of all vested Performance Units will be made by payment in cash and shall be paid to the Participant in a lump sum as soon as administratively practicable (but not later than 60 days) following the applicable vesting date determined pursuant earlier to occur of the Scheduled Vesting Date and the termination of the Participant's Service with the Company in accordance with Paragraph 33(d) or (e).
Appears in 1 contract
Samples: 2023 Performance Unit Agreement (Oceaneering International Inc)
Settlement and Payment. Settlement of all vested Performance Units will be made by payment in cash and shall be paid to the Participant in a lump sum as soon as administratively practicable (but not later than 90 days) following the applicable vesting date determined pursuant earlier to occur of the Scheduled Vesting Date and the termination of the Participant's Service with the Company in accordance with Paragraph 33(d) or (e).
Appears in 1 contract
Samples: 2022 Performance Unit Agreement (Oceaneering International Inc)
