Occidental Petroleum 2006 Annual Report Download - page 118

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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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