Occidental Petroleum 2005 Annual Report Download - page 150

Download and view the complete annual report

Please find page 150 of the 2005 Occidental Petroleum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 195

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195

EXHIBIT 1
2005 Long-Term Incentive Plan
2006 Grant to Oil & Gas Participants
Performance up to and at target pays in shares; performance over target pays in cash
(% of Number of Target Shares of Performance Stock that become Nonforfeitable based on Comparison of Total Shareholder Return for the
Peer Companies for the Performance Period)
Ranking 9 Cos. 8 Cos. 7 Cos. 6 Cos. 5 Cos. 4 Cos. 3 Cos. 2 Cos. 1 Co.
1100% 100% 100% 100% 100% 100% 100% * *
287.5% 83.5% 83.5% 75% 75% 66.5% 50% *
375% 66.5% 66.5% 50% 50% 33.5% 0%
462.5% 50% 50% 50% 25% 0%
550% 50% 33.5% 25% 0%
637.5% 33.5% 16.5% 0%
725% 16.5% 0%
812.5% 0%
90%
*Committee discretion
PLUS
(% of Number of Target Shares of Performance Stock that become Nonforfeitable based on Return on Assets for the Performance Period)
Return on Assets Payout Percentage
14% 100%
12% 75%
10% 50%
9% 25%
8% 0%
If actual ROA falls between stated ROA’s, payout percentages will be interpolated.
6