Occidental Petroleum 2005 Annual Report Download - page 143

any third parties assisting in the implementation, administration and management of the Plan. These recipients may be located in the
Grantee’s country or elsewhere, and may have different data privacy laws and protections than the Grantee’s country. By accepting these
Terms and Conditions, the Grantee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other
form, for the purposes described above. The Grantee may, at any time, view Data, request additional information about the storage and
processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by
contacting the Administrator in writing. Refusing or withdrawing consent may affect the Grantee’s ability to participate in the Plan.
18. ELECTRONIC DELIVERY. The Company may, in its sole discretion, decide to deliver any documents related to this Target Performance
Share award granted under the Plan or future awards that may be granted under the Plan (if any) by electronic means or to request the
Grantee’s consent to participate in the Plan by electronic means. The Grantee hereby consents to receive such documents by electronic
delivery and, if requested, to participate in the Plan through an on-line or electronic system established and maintained by the Company or
another third party designated by the Company.
19. GRANTEE’S REPRESENTATIONS AND RELEASES. By accepting this award, the Grantee acknowledges that the Grantee has read these
Terms and Conditions and understands that (i) the grant of this Target Performance Share award is made voluntarily by Occidental in its
discretion with no liability on the part of any of its direct or indirect subsidiaries and that, if the Grantee is not an employee of Occidental, the
Grantee is not, and will not be considered, an employee of Occidental but the Grantee is a third party (employee of a subsidiary) to whom
this Target Performance Share award is granted; (ii) the Grantee’s participation in the Plan is voluntary; (iii) the future value of any Common
shares issued pursuant to this Target Performance Share award cannot be predicted and Occidental does not assume liability in the event
such Common Shares have no value in the future; and, (iv) subject to the terms of any tax equalization agreement between the Grantee and
the entity employing the Grantee, the Grantee will be solely responsible for the payment or nonpayment of taxes imposed or threatened to be
imposed by any authority of any jurisdiction.
In consideration of the grant of this Target Performance Share award, no claim or entitlement to compensation or damages shall arise from
termination of this Target Performance Share award or diminution in value of this Target Performance Share award or Common Shares
issued pursuant to this Target Performance Share award resulting from termination of the Grantee’s employment by the Company (for any
reason whatsoever and whether or not in breach of local labor laws) and the Grantee irrevocably releases the Company from any such claim
that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by
accepting these Terms and Conditions, the Grantee shall be deemed irrevocably to have waived his or her entitlement to pursue such claim.
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