Occidental Petroleum 2011 Annual Report Download - page 111

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6. Effective January 1, 2012, section 4.2 is renamed as “Allocations Relating to Compensation Limit.”
7. Effective January 1, 2012, section 4.2(a) is renamed as “Eligibility for Allocations Relating to Limits Under
Code section 401(a)(17).”
8. Effective January 1, 2012, section 4.3(a)(1), relating to “Eligibility” for “Retirement Plan” and “Allocations
Relating to the Deferred Compensation Plan” is amended to read as follows:
(1) Eligibility. The following Employees who become Participants shall be provided the
allocation for the Plan Year specified in subsection (2): An Employee:
(A) Who is a participant in the Retirement Plan and eligible to participate in the
Deferred Compensation Plan, and
(B) Who makes a deferral election under the Deferred Compensation Plan for the Plan
Year.
However, notwithstanding anything to the contrary, an Employee of Phibro LLC and its
affiliates is not eligible to receive an allocation for the Plan Year specified in paragraph (2).
9. Effective January 1, 2012, the first two sentences of section 4.3(a)(2), relating to “Allocation Amount” for
“Allocations Relating to the Deferred Compensation Plan” and “Retirement Plan ” are deleted and replaced with the following:
(2) Allocation Amount. The amount to be allocated in a Plan Year with respect to a Participant described in
paragraph (1) shall equal the Participant’s applicable percentage multiplied by the amount of Annual
Bonus the Participant has deferred under the Deferred Compensation Plan.
10. Effective January 1, 2012, the term “DCP Eligible Bonus” is deleted from the last sentence of section
4.3(a)(2) and replaced with the term “Annual Bonus.”
11. Effective January 1, 2012, section 4.4(a) is amended by adding the words “Section 4.3(a)(2) or” immediately
prior to the reference to “Section 4.3(b)(2)” in the last sentence thereof.
12. Except as amended above, the terms of the Plan as in effect prior to this amendment shall continue unchanged.
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