Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 120

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 120
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v) “ Option ” means a right, granted under Section 6(b) hereof, to purchase Stock or other Awards at a specified price during specified time periods. (w) “ Other Stock-Based Awards ” means Awards granted under Section 6(h) hereof. (x) “ Participant ” means a person who has been granted an Award under the Plan that remains outstanding, including a person who is no longer an Eligible Person. (y) “ Performance Award ” means an Award granted under Section 6(k) hereof, the grant, vesting, exercisability or settlement of which (or the timing or amount thereof) depends upon achievement of one or more Performance Goals specified by the Committee. (z) “ Performance Goal ” means a performance goal specified by the Committee that is based on one or more business criteria for the Company (whether on a consolidated basis, or for specified Subsidiaries or business or geographical units of the Company, or a combination thereof), which may vary for different Awards and need not be the same for each Participant receiving a Performance Award. (aa) “ Person ” means any person, entity or “group” within the meaning of section 13(d)(3) or section 14(d)(2) of the Exchange Act. (bb) “ Restricted Stock ” means Stock granted under Section 6(d) hereof, subject to certain restrictions and a risk of forfeiture. (cc) “ Restricted Stock Unit ” means a right, granted under Section 6(e) hereof, to receive Stock, cash or a combination thereof at the end of a specified period (which may or may not be coterminous with the vesting schedule of the Award). (dd) “ Retention Award ” means a Performance Award that is granted for purposes of retention and that is only payable at either 0% or 100% of the specified target amount, depending upon achievement of the applicable Performance Goal(s). (ee) “ Rule 16b-3 ” means Rule 16b-3, promulgated by the Securities and Exchange Commission under section 16 of the Exchange Act, as from time to time in effect and applicable to the Plan and Participants. (ff) “ Securities Act ” means the Securities Act of 1933 and the rules and regulations promulgated thereunder, or any successor law, as it may be amended from time to time. (gg) “ Stock ” means the Company’s common stock, par value $0.20 per share, and such other