Occidental Petroleum 2011 Annual Report Download - page 109

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EXHIBIT 10.19
AMENDMENT NUMBER 4
TO THE
OCCIDENTAL PETROLEUM CORPORATION
SUPPLEMENTAL RETIREMENT PLAN II
Effective as of January 1, 2005
Amended and Restated as of November 1, 2008
The Occidental Petroleum Corporation Supplemental Retirement Plan II (Effective as of January 1, 2005, Amended and Restated as of
November 1, 2008) is hereby amended as of January 1, 2012, as follows:
1. Effective January 1, 2012, a new section 2.1(d), relating to “Annual Bonus,” is added to read as follows, and all
subsequent subsections under section 2.1 and any cross-references in the Plan to such subsections are renumbered accordingly:
(d) “Annual Bonus” means the bonus awarded by an Employer to an Active Participant during
the Play Year under a regular annual incentive compensation plan such as the Company’s
Variable Compensation Program, Incentive Compensation Program or Executive Incentive
Compensation Plan (but excluding, without limitation, a special individual or group bonus, a
project bonus, any other special bonus). For avoidance of doubt, payments made under the
Phibro LLC bonus plan or any other bonus plan not specifically stated in the previous sentence
are excluded from the definition of Annual Bonus.
2. Effective January 1, 2012, current section 2.1(k), relating to “DCP Eligible Bonus,” is deleted and all
subsequent subsections under section 2.1 and any cross-references in the Plan to such subsections are renumbered accordingly.
3. Effective January 1, 2012, section 4.1(b)(1), relating to the “Contingent Credit” and “Allocation Amount”
under “Allocations Relating to the Retirement Plan” is amended to read as follows:
(b) Allocation Amount.
(1) Contingent Credit. A credit shall be made as of the last day of each month to a contingent
account maintained for each Participant described in subsection (a). The amount of the credit
for the month is set forth below. For avoidance of doubt, references below to the “Annual
Bonus paid” refer only to the portion of an Employee’s Annual Bonus that is actually paid to