Occidental Petroleum 2005 Annual Report Download - page 116

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amount or percentage is to be determined, (iii) the number of payments or period to which such order applies, and (iv) that it applies to this
Plan; and (c) does not (i) require this Plan to provide any type or form of benefit, or any option, not otherwise provided under the Plan,
(ii) require this Plan to provide increased benefits, or (iii) require the payment of benefits to an Alternate Payee that are required to be paid to
another Alternate Payee under another Divorce Order previously determined to be a Qualified Divorce Order.
Qualifying Performance Stock Award. “Qualifying Performance Stock Award” has the meaning given to such term under the
2005 DSP.
Retirement. “Retirement” means (i) the termination of a Participant’s employment with the Company for reasons other than
Disability or death after the Participant attains age 65, (ii) the termination of a Participant’s employment with the Company for reasons other
than Disability or death after the Participant attains age 55 and completes five (5) Years of Service or (iii) the Participant’s attainment of age 55
following the Participant’s termination of employment with the Company for reasons other than Disability or death prior to attainment of age
55 if the Participant qualifies for retiree medical coverage under the Occidental Petroleum Corporation Medical Plan on the date of the
Participant’s termination of employment.
Retirement Benefit. “Retirement Benefit” means the payment to a Participant of the value of the Participant’s Deferral
Accounts pursuant to Section 5.1 following Retirement.
Retirement Plan. “Retirement Plan” means the Occidental Petroleum Corporation Retirement Plan, as amended from time
to time.
Savings Plan. “Savings Plan” means the Occidental Petroleum Corporation Savings Plan, as amended from time to time.
Savings Plan Restoration Account . “Savings Plan Restoration Account” means the account maintained on the books of
account of the Company to reflect Savings Plan Restoration Contributions made by the Company pursuant to Section 4.5.
Savings Plan Restoration Contribution. “Savings Plan Restoration Contribution” means the amount credited to a
Participant’s Savings Plan Restoration Account pursuant to Section 4.5.
Specified Employee. “Specified Employee” means an employee of the Company who is a “specified employee” as defined in
Section 409A(a)(2)(B) of the Code. For purposes of determining “Specified Employees,” December 31 shall be the “identification date” as
defined in Proposed Treasury Regulations Section 1.409A-1(i) (or any successor regulation), and each Participant who satisfies the definition
of Specified Employee as of any identification date shall be treated as a Specified Employee for the 12-month period beginning on the April 1
following such identification date.
Termination Benefit. “Termination Benefit” means the payment to a Participant of the value of the Participant’s Deferral
Accounts pursuant to Section 5.1 on account of the Participant’s termination of employment other than due to Retirement, Disability or death.
5
LA3:1102794.5