Occidental Petroleum 2006 Annual Report Download - page 125

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EXHIBIT 1
2005 Long-Term Incentive Plan
2007 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
Stockholder Return for the Peer Companies for the Performance Period)
Ranking 8 Cos. 7 Cos. 6 Cos. 5 Cos. 4 Cos. 3 Cos. 2 Cos. 1 Co.
1100% 100% 100% 100% 100% 100% * *
283.5% 83.5% 75% 75% 66.5% 50% *
366.5% 66.5% 50% 50% 33.5% 0%
450% 50% 50% 25% 0%
550% 33.5% 25% 0%
633.5% 16.5% 0%
716.5% 0%
80%
* 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
15% 100%
11% 50%
8% 0%
If actual ROA falls between stated ROA’s, payout percentages will be interpolated.
6