Baker Hughes 2010 Annual Report Download - page 30

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18 B a k e r H u g h e s I n c o r p o r a t e d
In the case of the performance units granted by us in
2009, 25 percent of the performance unit value is determined
based upon one-year performance relative to certain specified
performance criteria (discussed below) at the end of 2009,
2010, and 2011. The final 25 percent of the performance
unit value is calculated at the end of 2011 based upon the
cumulative performance of the Company over the three-year
performance period 2009 through 2011. Any payouts under
the 2009 performance units will be made in March 2012.
For the performance units granted by us in 2010, 25 per-
cent of the performance unit value is determined based upon
one-year performance relative to certain specified performance
criteria (discussed below) at the end of each of 2010, 2011,
and 2012. The final 25 percent of the performance unit value
is calculated at the end of 2012 based upon the cumulative
performance of the Company over the three-year performance
period 2010 through 2012. Any payouts under the 2010 per-
formance units will be made in March 2013.
Fixed Number
of Units
Granted at
Beginning of Term
End of Year 1
3-Year Total
End of Year 2 End of Year 3
Total
Unit Value
Calculated
and Paid at
End of Term
• 25% of Unit
Value Determined
• BHI Compared to
Peer Group
• 25% of Unit
Value Determined
• BHI Compared to
Peer Group
• 25% of Unit
Value Determined
• BHI Compared to
Peer Group
• 25% of Unit
Value Determined
• BHI Compared to
Peer Group