Occidental Petroleum 2006 Annual Report Download - page 123

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11. RELATION TO OTHER BENEFITS. The benefits received by the Grantee under these Terms and Conditions will
not be taken into account in determining any benefits to which the Grantee may be entitled under any profit sharing, retirement
or other benefit or compensation plan maintained by the Company, including the amount of any life insurance coverage
available to any beneficiary of the Grantee under any life insurance plan covering employees of the Company. Additionally, the
Target Performance Shares are not part of normal or expected compensation or salary for any purposes, including, but not
limited to, calculation of any severance, resignation, termination, redundancy, end of service payments, bonuses or long-
service awards. This grant of Target Performance Shares does not create any contractual or other right to receive future grants
of Target Performance Shares, or benefits in lieu of Target Performance Shares, even if Grantee has a history of receiving
Target Performance Shares or other stock awards.
12. AMENDMENTS. The Plan may be modified, amended, suspended or terminated by the Company at any time, as
provided in the Plan. Any amendment to the Plan will be deemed to be an amendment to these Terms and Conditions to the
extent it is applicable to these Terms and Conditions; however, no amendment will adversely affect the rights of the Grantee
under these Terms and Conditions without the Grantee's consent.
13. SEVERABILITY. If one or more of the provisions of these Terms and Conditions is invalidated for any reason by a
court of competent jurisdiction, the invalidated provisions shall be deemed to be separable from the other provisions of these
Terms and Conditions, and the remaining provisions of these Terms and Conditions will continue to be valid and fully
enforceable.
14. RELATION TO PLAN; INTERPRETATION. These Terms and Conditions are subject to the terms and conditions of
the Plan. In the event of any inconsistent provisions between these Terms and Conditions and the Plan, the provisions of the
Plan control. Capitalized terms used in these Terms and Conditions without definition have the meanings assigned to them in
the Plan. References to Sections are to Sections of these Terms and Conditions unless otherwise noted.
15. SUCCESSORS AND ASSIGNS. Subject to Sections 2 and 4, the provisions of these Terms and Conditions shall
be for the benefit of, and be binding upon, the successors, administrators, heirs, legal representatives and assigns of the
Grantee, and the successors and assigns of the Company.
16. GOVERNING LAW. The laws of the State of Delaware govern the interpretation, performance, and enforcement of
these Terms and Conditions.
17. PRIVACY RIGHTS. By accepting this award, the Grantee explicitly and unambiguously consents to the collection,
use and transfer, in electronic or other form, of the Grantee’s personal data as described in these Terms and Conditions by and
among, as applicable, the Company and its affiliates for the exclusive purpose of implementing, administering and managing
the Grantee’s participation in the Plan. The Company holds or may receive from any agent designated by the Company
certain personal information about the Grantee, including, but not limited to, the Grantee’s name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or
directorships held in Occidental, details of this Target Performance Share award or any other entitlement to shares of stock
awarded, canceled, exercised, vested, unvested or outstanding in
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