OCCIDENTAL PETROLEUM CORPORATION
2015 LONG-TERM INCENTIVE PLAN
NOTICE OF GRANT
OF RESTRICTED STOCK UNIT INCENTIVE AWARD
(Time Vesting: Equity-settled Award; Section 16 Officers)
Pursuant to the Occidental Petroleum Corporation 2015 Long-Term Incentive Plan,
as the same may be amended from time to time (the “Plan”), OCCIDENTAL PETROLEUM
CORPORATION, a Delaware corporation (“Occidental” and, with its Subsidiaries,
the “Company”), grants you (the “Grantee”) an award on the terms and conditions
set forth herein (the “Award”). By accepting this Award, the Grantee agrees, to
the extent not contrary to applicable law, to (i) the terms and conditions of
the Plan and this Notice of Grant of Restricted Stock Unit Incentive Award (the
“Notice of Grant”), (ii) the Standard Award Terms and Conditions set out on
Attachment 1 hereto, including the arbitration provisions thereof (the “Terms
and Conditions”), and (iii) the General Terms of Employment set out on
Attachment 2 hereto, which, in the case of (ii) and (iii), are incorporated in
this Notice of Grant by reference. Capitalized terms used but not defined herein
shall, unless otherwise indicated, have the meanings set forth in the Plan. This
Notice of Grant (along with the Terms and Conditions and all other incorporated
attachments and exhibits) and the Award evidenced hereby are collectively
referred to as the “Award Agreement.”
Date of Grant:
 
Award Type and Description:
Restricted Stock Units granted pursuant to Section 6(e) of the Plan, which Award
is a bookkeeping entry that represents the right to receive a number of shares
of Stock up to the number indicated below under “Number of Shares,” subject to
the terms and conditions of the Award Agreement.
 
The Grantee’s right to receive payment of this Award shall vest and become
nonforfeitable upon the Grantee’s satisfaction of the continued service
requirements described below under “Time Vesting Schedule and Forfeiture.”
Number of Shares:
See Morgan Stanley “StockPlan Connect/Stock-Based Awards/ Awarded” for the total
number of Restricted Stock Units subject to the Award.
Time Vesting Schedule and Forfeiture:
Vesting Date. The Grantee must remain in the continuous employ of the Company
from the Date of Grant through each applicable vesting date (each, a “Vesting
Date”), in accordance with the schedule below, to be eligible to receive payment
of this Award. The vesting schedule shall begin on                    (the
“Vesting Start Date”).

 
Vesting Date
Fraction of Restricted Stock Units Vesting

 
 
 
1/3
 
 
 
1/3
 
 
 
1/3
 
 
The continuous employment of the Grantee will not be deemed to have been
interrupted by reason of the transfer of the Grantee’s employment among the
Company and its affiliates or an approved leave of absence.

-1-

--------------------------------------------------------------------------------

 
Termination of Employment. Notwithstanding the foregoing, if, prior to any
Vesting Date, the Grantee (i) dies, or (ii) becomes permanently disabled while
in the employ of the Company and terminates employment as a result thereof, or
(iii) retires with the consent of the Company, or (iv) is terminated by the
Company without Cause (each of the foregoing, a “Forfeiture Event”), then the
number of unvested Restricted Stock Units will be reduced on a pro rata basis to
the number obtained by (A) multiplying the total number of Restricted Stock
Units by a fraction, the numerator of which is the number of days between the
Vesting Start Date and the Forfeiture Event and the denominator of which is the
number of days between the Vesting Start Date and the final Vesting Date, and
(B) subtracting from the product the number of Restricted Stock Units that
previously vested, if any (the “Pro Rata Unvested RSUs”). Such Pro Rata Unvested
RSUs shall immediately vest and become nonforfeitable on the date of the
Forfeiture Event, and all other Restricted Stock Units that have not previously
vested shall be immediately forfeited. If the Grantee terminates employment
voluntarily or is terminated for Cause before any Vesting Date, then the Award
will terminate automatically on the date of the Grantee’s termination and the
Grantee shall immediately forfeit all unvested Restricted Stock Units.
 
Change in Control. If a Forfeiture Event has not occurred and a Change in
Control occurs prior to the final Vesting Date and the Grantee’s employment is
terminated by the Company without Cause or by the Grantee for Good Reason, in
either case within 12 months following the date of such Change in Control, then
the number of unvested Restricted Stock Units (determined after applying the
preceding sentence, if applicable) will be reduced on a pro rata basis to the
number obtained by (i) multiplying the total number of Restricted Stock Units by
a fraction, the numerator of which is the number of days between the Vesting
Start Date and the date the Grantee’s employment was so terminated (such date,
the “CIC Related Vesting Date”), and the denominator of which is the number of
days between the Vesting Start Date and the final Vesting Date, and (ii)
subtracting from the product the number of Restricted Stock Units that
previously vested, if any; and all other Restricted Stock Units that remain
unvested as of the CIC Related Vesting Date shall be immediately forfeited. In
addition, the Grantee shall be deemed to have a CIC Related Vesting Date such
that the treatment in the preceding sentence shall apply (A) on the date at any
time following the occurrence of a Change in Control and prior to the final
Vesting Date on which the Grantee dies, becomes permanently disabled while in
the employ of the Company and terminates employment as a result thereof, or
retires with the consent of the Company, or (B) if the Grantee has accrued 12
months of continuous employment with the Company following the Change in
Control, on the date following the 12 month anniversary of the Change in Control
date and prior to the final Vesting Date on which the Grantee’s employment is
terminated by the Company without Cause. For the avoidance of doubt, the
occurrence of a Change in Control is not intended to change the protections
provided to the Grantee in the event of the Grantee’s death, permanent
disability, or retirement with consent of the Company occurring prior to the
Change in Control. Such remaining pro rata unvested Restricted Stock Units shall
immediately vest and become nonforfeitable on the CIC Related Vesting Date,
unless, prior to the occurrence of the Change in Control, the Committee
determines in its discretion that such event will not accelerate vesting of any
of the Restricted Stock Units covered by this Award. Any such determination by
the Committee is binding on the Grantee.
Payment of Award:
Payment for vested Restricted Stock Units will be made solely in shares of
Stock, which will be issued to the Grantee as promptly as practicable after the
Vesting Date, Forfeiture Event or CIC Related Vesting Date, as applicable (the
“Payment Trigger Date”), and in any event no later than the 15th day of the
third month following the end of the first taxable year in which the Restricted
Stock Units are no longer subject to a substantial risk of forfeiture.
 
Notwithstanding the foregoing, in the event the Award is determined to be
subject to Nonqualified Deferred Compensation Rules, all payments hereunder will
be made no later than the end of the year in which the Payment Trigger Date
occurs, except to the extent Section 9(n) of the Plan requires payment on the
Grantee’s Section 409A Payment Date.

-2-

--------------------------------------------------------------------------------

Dividends, Voting and Other Rights:
Restricted Stock Units are not shares of Stock and have no voting rights or,
except as described in this paragraph, dividend rights. With respect to each
Restricted Stock Unit subject to this Award, the Grantee is also awarded
Dividend Equivalents with respect to one share of Stock, which means that, in
the event that Occidental declares and pays a cash dividend on its outstanding
Stock and, on the record date for such dividend, the Grantee holds Restricted
Stock Units that have not been settled or forfeited pursuant to the terms of the
Award Agreement, then the Grantee will be credited on the books and records of
Occidental with an amount equal to the amount per share of any such cash
dividend for each outstanding Restricted Stock Unit. The Grantee will be
credited with such Dividend Equivalents for the period beginning on the Date of
Grant and ending on the applicable Payment Trigger Date or, if earlier, the date
the Grantee forfeits his rights with respect to the Restricted Stock Units. The
Dividend Equivalents will be accumulated and Occidental will pay in cash to the
Grantee an amount equal to the Dividend Equivalents credited to such Grantee as
promptly as may be practicable on or after each Vesting Date, and in any event
no later than the 15th day of the third month following the end of each taxable
year in which the Dividend Equivalents are no longer subject to a substantial
risk of forfeiture.

For purposes of clarity, if Restricted Stock Units are forfeited by the Grantee,
then the Grantee shall also forfeit the Dividend Equivalents, if any, accrued
with respect to such Restricted Stock Units.
Holding Period:
The shares of Stock ultimately received by the Grantee in connection with the
vesting of Restricted Stock Units on                     must be held by the
Grantee until                       . The shares of Stock ultimately received by
the Grantee in connection with the vesting of Restricted Stock Units
on                     must be held by the Grantee until
                         . The shares of Stock ultimately received by the
Grantee in connection with the vesting of Restricted Stock Units
on                      must be held by the Grantee
until                        .
Notwithstanding the immediately preceding paragraph, to the extent that the
Grantee is subject to Occidental’s Executive Stock Ownership Guidelines, as in
effect from time to time (the “Ownership Guidelines”), and the Grantee’s Stock
holdings fail, as of the last day of an applicable holding period set forth in
the immediately preceding paragraph, to satisfy the applicable requirements of
the Ownership Guidelines, then the Grantee shall continue to retain Beneficial
Ownership (as defined below) of all shares of Stock ultimately received by the
Grantee in connection with the vesting of Restricted Stock Units on the related
Vesting Date until the Grantee satisfies the applicable requirements of the
Ownership Guidelines (the “Beneficial Ownership Period”). Compliance with the
foregoing requirement shall be determined by reference to the reports filed by
the Grantee on Forms 3, 4 and 5, as applicable, pursuant to Section 16(a) of the
Exchange Act. For purposes of this paragraph, the term “Beneficial Ownership”
has the meaning ascribed in Rule 16a-1(a)(2) under the Exchange Act.

Notwithstanding the immediately preceding two paragraphs, upon a Grantee’s
separation of employment with Occidental, such Grantee shall no longer be
subject to the two-year holding requirement or Occidental’s Executive Stock
Ownership Guidelines.

-3-

--------------------------------------------------------------------------------

ATTACHMENT 1

OCCIDENTAL PETROLEUM CORPORATION
2015 LONG-TERM INCENTIVE PLAN
STANDARD AWARD TERMS AND CONDITIONS
The following Standard Award Terms and Conditions (these "Terms and Conditions")
are set forth as of the Date of Grant specified in the Notice of Grant to which
these Terms and Conditions are attached (the "Notice of Grant"), by and between
OCCIDENTAL PETROLEUM CORPORATION, a Delaware corporation ("Occidental" and, with
its Subsidiaries, the "Company"), and the eligible individual (the "Grantee")
receiving the award described in the Notice of Grant (the "Award"). The Award is
granted in accordance with the Occidental Petroleum Corporation 2015 Long Term
Incentive Plan, as the same may be amended from time to time (the "Plan").
Capitalized terms used but not defined herein shall, unless otherwise indicated,
have the meanings set forth in the Plan. These Terms and Conditions, the Notice
of Grant (along with all incorporated attachments and exhibits) and the Award
evidenced thereby are collectively referred to herein as the "Award Agreement."
1.Acceptance of Award. If the Grantee fails to accept the Award on or before the
45th day following the Date of Grant, then, notwithstanding any other provision
of the Award Agreement, the Grantee shall forfeit all rights under the Award
(including all shares of Stock and any dividend equivalents with respect
thereto) and the Award will become null and void. For purposes of this Section
1, acceptance of the Award shall occur on the date the Grantee accepts the Award
through Morgan Stanley StockPlan Connect or any replacement online system
designated by the Company.
2.No Employment Contract. Nothing in the Award Agreement confers upon the
Grantee any right with respect to continued employment by the Company, nor
limits in any manner the right of the Company to terminate the employment or
adjust the compensation of the Grantee. Unless otherwise agreed in a writing
signed by the Grantee and an authorized representative of the Company, the
Grantee's employment with the Company is at will and may be terminated at any
time by the Grantee or the Company.
3.Restrictions on Transfer. Neither the Award Agreement nor any right to receive
shares of Stock or cash pursuant to the Award Agreement may be transferred or
assigned by the Grantee other than in accordance with the transfer restrictions
set forth in the Plan.
4.Taxes and Withholding.
(a)    Regardless of any action the Company takes with respect to any or all
income tax (including U.S. federal, state and local tax and non-U.S. tax),
social insurance, payroll tax, payment on account or other tax-related items
related to the Grantee's participation in the Plan and legally applicable to the
Grantee ("Tax-Related Items"), the Grantee acknowledges that the ultimate
liability for all Tax-Related Items is and remains the Grantee's responsibility
and may exceed the amount, if any, actually withheld by the Company. The Grantee
further acknowledges that the Company (i) makes no representations or
undertakings regarding the treatment of any Tax-Related Items in connection with
any aspect of the Award, including, as applicable, the grant, vesting or
settlement of the Award and the receipt of any dividends or Dividend Equivalents
thereon; and (ii) does not commit to and is under no obligation to structure the
terms of the grant or any other aspect of the Award to reduce or eliminate the
Grantee's liability for Tax-Related Items or achieve any particular tax result.
Further, if the Grantee has become subject to tax in more than one jurisdiction
between the Date of Grant and the date of any relevant taxable event, the
Grantee acknowledges that the Company may be required to withhold or account for
Tax-Related Items in more than one jurisdiction.

A1-1

--------------------------------------------------------------------------------

(b)    Prior to the relevant taxable event, the Grantee shall pay or make
adequate arrangements satisfactory to the Company to satisfy all Tax-Related
Items. In this regard, the Grantee authorizes the Company to withhold all
applicable Tax-Related Items legally payable by the Grantee (i) in connection
with the vesting of the Award and/or the issuance of any shares of Stock or the
payment of any cash or other consideration pursuant to the Award in accordance
with the Notice of Grant (other than the crediting and payment of any dividends
or Dividend Equivalents, as applicable), from any cash and shares of Stock that
are to be paid or issued to the Grantee pursuant to the Award, in any
combination as determined by the Committee, or (ii) in connection with the
granting of the Award or the crediting and payment of any dividends or Dividend
Equivalents, as applicable, first from the cash payable pursuant to the Award
(including any dividends or Dividend Equivalents) and, if not sufficient, from
the Grantee's wages or other cash compensation. The Grantee shall pay to the
Company any amount of Tax-Related Items that the Company may be required to
withhold as a result of the Grantee's receipt of the Award that cannot be
satisfied by the means previously described.
5.Compliance with Law. The Company will make reasonable efforts to comply with
all applicable federal, state and non-U.S. laws, and the Company will not issue
any shares of Stock or other securities pursuant to the Award Agreement if such
issuance would result in a violation of any such law. Further, if it is not
feasible for the Company to comply with these laws with respect to the grant or
settlement of the Award, then the Award may be cancelled without any
compensation or additional benefits provided to Grantee as a result of the
cancellation.
6.Relation to Other Benefits. The benefits received by the Grantee under the
Award Agreement 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
Award is 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. The grant of the Award does not create any contractual or other right to
receive future grants of, or benefits in lieu of, awards under the Plan, even if
Grantee has a history of receiving awards under the Plan or other cash or stock
awards.
7.Beneficial Ownership Requirements. If the Grantee (a) was a Named Executive
Officer for the last completed fiscal year prior to vesting of the Award, and
(b) is, as of the date of vesting of the Award, subject to Occidental's
Executive Stock Ownership Guidelines, as in effect from time to time (the
"Ownership Guidelines"), and the Grantee's Stock holdings fail as of such date
to satisfy the applicable requirements of the Ownership Guidelines, then the
Grantee shall retain Beneficial Ownership of shares of Stock equal to not less
than 50% of the net after-tax shares of Stock, if any, received under the Award
until the Grantee satisfies the applicable requirements of the Ownership
Guidelines (the "Beneficial Ownership Period"). Compliance with the foregoing
requirement shall be determined.by reference to the reports filed by the Grantee
on Forms 3, 4 and 5, as applicable, pursuant to Section 16(a) of the Exchange
Act, and the aggregate number of shares of Stock reported as Beneficially Owned
during the Beneficial Ownership Period shall not be less than the sum of the
number of shares of Stock then required to be so owned pursuant to this Award
Agreement and the terms and conditions of any other grant containing this or a
similar requirement. For purposes of this Section 7, the term "Beneficial
Ownership" has the meaning ascribed in Rule 16a-1(a)(2) under the Exchange Act
and the term ''Named Executive Officer" has the meaning ascribed in Item 402 of
Regulation S-K under the Exchange Act.

A1-2

--------------------------------------------------------------------------------

8.Golden Parachute Policy. Notwithstanding any provision in the Award Agreement
to the contrary, no payment shall be made with respect to the Award that would
cause the total payments made to the Grantee to exceed the limits in
Occidental's Golden Parachute Policy, as in effect from time to time.
9.Adjustments. The number and kind of shares of Stock covered by the Award are
subject to adjustment pursuant to the allowances set forth in the Plan in order
to prevent dilution or expansion of the Grantee's rights under the Award as a
result of events such as stock dividends, stock splits or other changes in the
capital structure of Occidental, or any merger, consolidation, spin-off,
liquidation or other corporate transaction or event having a similar effect. If
any such adjustment occurs, the Company will give the Grantee written notice of
the adjustment.
10.Amendments. The Plan may be amended, altered, suspended, discontinued or
terminated by the Board at any time, as provided in the Plan. Any amendment to
the Plan will be deemed to be an amendment to the Award Agreement to the extent
it is applicable to the Award; however, no amendment may materially and
adversely affect the rights of the Grantee under the Award Agreement without the
Grantee's consent. In addition, the Committee may waive any conditions or rights
under, or amend, alter, suspend, discontinue or terminate the Award Agreement,
except as otherwise provided in the Plan; provided, that, without the Grantee's
consent, no such Committee action may materially and adversely affect the rights
of the Grantee under the Award.
11.Severability. If one or more of the provisions of the Award Agreement 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 the
Award Agreement, and the remaining provisions of the Award Agreement will
continue to be valid and fully enforceable.
12.Entire Agreement; Relation to Plan; Interpretation. Except as specifically
provided in this Section 12, the Award Agreement (including these Terms and
Conditions, the Notice of Grant and all incorporated attachments and exhibits)
constitutes the entire agreement between the Company and the Grantee with
respect to the Award. The Award Agreement is subject to the terms and conditions
of the Plan. In the event of any inconsistent provisions between the Award
Agreement and the Plan, the provisions of the Plan control. References to
Sections and Attachments are to Sections of, and Attachments incorporated in,
the Award Agreement unless otherwise noted. In the event of any inconsistent
provisions between the Award Agreement and any employment agreement between the
Grantee and the Company, the provisions of the Award Agreement control, except
with respect to Section 22 below.
13.Successors and Assigns. Subject to any transfer or forfeiture restrictions
set forth in the Notice of Grant, the provisions of the Award Agreement 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.
14.Beneficiaries.
(a)    The Grantee shall have the option of designating a beneficiary
("Beneficiary") to receive settlement of, or exercise (as applicable), the
Grantee's Award upon the Grantee's death.
(b)    If no Beneficiary is designated at the time of the Grantee's death, or if
no Beneficiary survives the Grantee, the Beneficiary shall be the Grantee's
surviving spouse, or if the Grantee has no surviving spouse, the Grantee's
surviving children equally, or if there are no surviving children, the Grantee's
surviving parents equally, or if there is no surviving parent, the Grantee's
surviving siblings equally, or if there is no sibling living, the Grantee's
estate.

A1-3

--------------------------------------------------------------------------------

(c)    In order to designate a Beneficiary or change a previous designation, the
Grantee must complete a Long-Term Incentive Beneficiary Designation Form
(beneficiary designations submitted on other forms or in any other format will
not be accepted). The Grantee should read the Long-Term Incentive Beneficiary
Form carefully, follow the instructions and complete the form in its entirety
according to the instructions, obtain any necessary signatures according to the
form, sign and date the form, and return to Executive Compensation Department,
c/o Occidental Petroleum Corporation, 5 Greenway Plaza, Suite 110, Houston,
Texas, 77046. The Grantee should also keep a copy of the form for the Grantee's
records. Upon acceptance, the Grantee's designation will cancel any previous
designations. The Grantee's Beneficiary designation shall not affect any
designation by the Grantee under any other benefit plan.
(d)    The Grantee should consider submitting a new Beneficiary designation if:
(1) the Grantee's marital status changes, (2) one of the Grantee's previously
designated Beneficiaries dies before the Grantee, or (3) the Grantee acquires or
loses dependents. To determine the tax consequences associated with the
Grantee's designation, it is recommended that the Grantee consult with a
qualified tax advisor or estate planner.
15.Governing Law. The laws of the State of Delaware govern the interpretation,
performance, and enforcement of the Award Agreement (including these Terms and
Conditions, the Notice of Grant and all incorporated attachments and exhibits).
16.Privacy Rights. By accepting the 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 the Award Agreement
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 Grantee understands that 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 the Company, details of the Award or any other entitlement to cash or
shares of Stock awarded, canceled, exercised, vested, unvested or outstanding in
the Grantee's favor, for the purpose of implementing, administering and managing
the Plan, including complying with applicable tax and securities laws ("Data").
Data may be transferred to any third parties assisting in the implementation,
administration and management of the Plan. These recipients may be located in
the Grantee's country or elsewhere, and may have different data privacy laws and
protections than the Grantee's country. By accepting the Award, the Grantee
authorizes the recipients to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the purposes described above. The Grantee
may, at any time, view Data, request additional information about the storage
and processing of Data, require any necessary amendments to Data or refuse or
withdraw the consents herein, in any case without cost, by contacting the
Committee in writing. Refusing or withdrawing consent may affect the Grantee's
ability to participate in the Plan.
17.Electronic Delivery and Acceptance. The Company may, in its sole discretion,
decide to deliver any documents related to the Award or future awards that may
be granted under the Plan, if any, by electronic means or to request the
Grantee's consent to participate in the Plan by electronic means. The Grantee
hereby consents to receive such documents by electronic delivery and, if
requested, to participate in the Plan through an online or electronic system
established and maintained by the Company or another third party designated by
the Company.
18.Grantee's Representations and Releases.

A1-4

--------------------------------------------------------------------------------

(a)    By accepting the Award, the Grantee acknowledges that the Grantee has
read the Award Agreement (including these Terms and Conditions, the Notice of
Grant and all incorporated attachments and exhibits) and understands that (i)
the grant of the Award is made voluntarily by Occidental in its discretion with
no liability on the part of any of its direct or indirect Subsidiaries and that,
if the Grantee is not an employee of Occidental, the Grantee is not, and will
not be considered, an employee of Occidental but the Grantee is a third party
(employee of a Subsidiary) to whom the Award is granted; (ii) all decisions with
respect to future awards, if any, will be at the sole discretion of Occidental;
(iii) the Grantee's participation in the Plan is voluntary; (iv) the Award is an
extraordinary item that does not constitute a regular and recurring item of base
compensation; (v) the future value of any shares of Stock issued and/or the
future amount of cash, if any, payable pursuant to the Award cannot be predicted
and Occidental does not assume liability in the event the Award or any such
shares of Stock have no value in the future; (vi) subject to the terms of any
tax equalization agreement between the Grantee and the entity employing the
Grantee, the Grantee will be solely responsible for the payment or nonpayment of
taxes imposed or threatened to be imposed by any authority of any jurisdiction;
and (vii) Occidental is not providing any tax, legal or financial advice with
respect to the Award or the Grantee's participation in the Plan.
(b)    In consideration of the grant of the Award, no claim or entitlement to
compensation or damages shall arise from termination of the Award or diminution
in value of the Award or the shares of Stock issued pursuant to the Award
resulting from termination of the Grantee's employment by the Company (for any
reason whatsoever) and, to the extent permitted by law, the Grantee irrevocably
releases the Company from any such claim that may arise; if, notwithstanding the
foregoing, any such claim is found by a court of competent jurisdiction to have
arisen, then, by accepting the Award, the Grantee shall be deemed irrevocably to
have waived his or her entitlement to pursue such claim.
19.Imposition of Other Requirements. Occidental reserves the right to impose
other requirements on the Grantee's participation in the Plan and on the Award,
to the extent Occidental determines it is necessary or advisable in order to
comply with local law or facilitate the administration of the Plan, and to
require the Grantee to sign any additional agreements or undertakings that may
be necessary to accomplish the foregoing.
20.Compliance with Section 409A of the Code. Unless specified otherwise in the
Notice of Grant, all amounts payable pursuant to the Award are intended to
comply with the "short term deferral" exception in the Nonqualified Deferred
Compensation Rules, and the Company shall take all reasonable actions in order
to settle the Award within the period necessary to qualify for such exception.
Notwithstanding the foregoing, to the extent that it is determined that the Plan
or the Award is subject to the Nonqualified Deferred Compensation Rules, the
Award Agreement shall be interpreted and administered in such a way as to comply
with the applicable provisions of the Nonqualified Deferred Compensation Rules
to the maximum extent possible. In addition, if the Award is subject to the
Nonqualified Deferred Compensation Rules, then (i) the settlement of the Award
or some portion of the Award may be delayed in accordance with the applicable
terms of Section 9(n) of the Plan; (ii) any payment on a Change in Control event
will be made only if the Change in Control also qualifies as a change of control
event within the meaning of the Nonqualified Deferred Compensation Rules; and
(iii) any determination by the Committee not to accelerate the Award on a Change
in Control shall be made only to the extent such determination is consistent
with the Nonqualified Deferred Compensation Rules. To the extent that the Board
determines that the Plan or the Award is subject to the Nonqualified Deferred
Compensation Rules and fails to comply with the requirements of the Nonqualified
Deferred Compensation Rules, the Board reserves the right (without any
obligation to do so) to amend or terminate the Plan and/or amend, restructure,
terminate or replace the Award in order to cause the

A1-5

--------------------------------------------------------------------------------

Award to either not be subject to the Nonqualified Deferred Compensation Rules
or to comply with the applicable provisions of such rule.
21.Clawback. The award shall be subject to the clawback provisions set forth in
Section 9(m) of the Plan.
22.Arbitration. Except as otherwise provided in this Award Agreement, Grantee
and Company agree to resolve any and all disputes between Grantee and the
Company (and any affiliate of the Company that may employ Grantee), past,
present or future, arising out of or in any way related to this Award Agreement
or Grantee’s employment relationship with the Company (or any affiliate of the
Company) through a final and binding arbitration administered by the American
Arbitration Association (AAA) or another mutually agreed upon arbitration
provider; provided, however, that the only claims subject to arbitration shall
be those that, in the absence of this Award Agreement, could be brought in a
court of law. Nothing herein shall be construed to reduce or eliminate the
deference to the Plan Administrator that would otherwise be required prior to,
or as part of a claim in court, procedurally or substantively. Subject to the
foregoing, the arbitrator shall have the exclusive authority to resolve any
dispute relating to the interpretation, applicability, or enforceability of this
Award Agreement that would otherwise be subject to resolution in a court of law.
However, the Arbitrator’s authority to resolve disputes shall not apply to the
“Class Action Waiver” described below. Regardless of anything else in this Award
Agreement and/or AAA rules or procedures, any dispute relating to the
interpretation, applicability, or enforceability of the Class Action Waiver, or
any dispute otherwise relating to whether this Award Agreement precludes a class
or collective action proceeding, may only be determined by a court and not an
arbitrator. In addition, provisional remedies such as a temporary restraining
order or preliminary injunction may be pursued and secured in a court to prevent
irreparable harm by either party without waiving or otherwise eliminating the
requirement that all matters of final relief be decided through arbitration. In
addition, any arbitration conducted pursuant to this Award Agreement shall be
subject to the following additional terms and conditions:
(a)    Exceptions. The arbitration obligation does not apply to claims for
worker’s compensation, state disability insurance and unemployment insurance
benefits; however, it does apply to retaliation claims based upon seeking such
benefits. It does not apply to claims for employee benefits under any benefit
plan covered by the Employee Retirement Income Security Act of 1974 or funded by
insurance unless the claim can otherwise be brought in a court of law (after the
exhaustion of an administrative or alternative remedies otherwise applicable to
the claim). It does not apply to any claim that an applicable federal statute or
applicable federal Executive Order expressly states cannot be arbitrated or
subject to a pre-dispute arbitration agreement. Nothing in this Award Agreement
prevents the making of a report to or filing a claim or charge with a government
agency, including without limitation the Equal Employment Opportunity
Commission, U.S. Department of Labor, Securities and Exchange Commission,
Occupational Health and Safety Administration, or National Labor Relations
Board. Nothing in this Award Agreement prevents the investigation by a
government agency of any report, claim or charge otherwise covered by this Award
Agreement. And, nothing in this agreement to arbitrate prevents or excuses a
party from satisfying any conditions precedent and/or exhausting administrative
remedies under applicable law before bringing a claim in arbitration.
(b)    Controlling Law and Procedure. The Federal Arbitration Act (“FAA”) shall
govern this Award Agreement to arbitrate between the parties, including its
interpretation, applicability, enforcement and all arbitration proceedings. A
party who wishes to arbitrate a claim or dispute covered by this Award Agreement
must make a written request for arbitration and deliver it to the other party by
hand or mail no later than the expiration of the statute of limitations (the
deadline for filing the claim) that applicable law prescribes for the claim. The
request for arbitration shall identify the claims asserted, the factual basis
for the claim(s), and the relief and/or remedy sought. The arbitrator shall
resolve all disputes regarding the timeliness or propriety of the request for
arbitration and apply the statute of limitations that would have applied if the
claim(s) had been brought in court. In no event shall the request for
arbitration be made after the date when

A1-6

--------------------------------------------------------------------------------

institution of legal or equitable proceedings based on such claims would be
barred by the applicable statute of limitations.
(c)    Class Waiver. Grantee and Company agree to bring any claim or dispute in
arbitration on an individual basis only, and not as a class or collective
action; Grantee and Company waive any right for a dispute or claim to be
brought, heard, or decided as a class or collective action, and the arbitrator
has no power or authority to preside over a class or collective action (“Class
Action Waiver"). In the event a final judicial determination is made that the
Class Action Waiver is unenforceable and that a class or collective action may
proceed despite this arbitration agreement, the arbitrator is nevertheless
without authority to preside over a class or collective action and any class or
collective action must be brought in a court of competent jurisdiction.
Additionally, unless otherwise agreed to by the parties, claims may not be
combined or consolidated with that of any other person or entity.
(d)    Arbitration Procedure. Except as otherwise provided for herein, the
arbitration will be conducted in accordance with the AAA Employment Arbitration
Rules (the “AAA Rules”), in effect on the date the written notice of claims
request for arbitration is made. The AAA rules are available on-line at
www.adr.org. To the extent that any of the AAA Rules conflicts with the FAA or
this Award Agreement, the FAA and this Award Agreement shall control. The
arbitrator shall entertain and address any motion to dismiss and/or a motion for
summary judgment consistent with the standards for such motions under the
Federal Rules of Civil Procedure. The arbitrator may award any remedy available
under applicable law, but remedies shall be limited to those that would be
available to a party in their individual capacity for the claims presented to
the arbitrator. The arbitrator shall apply the substantive federal, state, or
local law applicable to the claims asserted. The arbitrator is without authority
to apply any different substantive law. The award shall be issued in writing and
state the essential findings and conclusions on which such award is based. The
parties agree to abide by and perform any valid award rendered by the
arbitrator, and judgment on the award may be entered in any court having
jurisdiction thereof.
(e)    Right to Opt-Out. This arbitration agreement is not a mandatory condition
of employment. If Grantee does not wish to be bound by the arbitration
obligations created by this Award Agreement, the Grantee can elect not to accept
the Award.
(f)    Enforcement and Severability. This arbitration agreement survives after
the employment relationship terminates. Subject to the Class Action Waiver
Section above, if any portion of this arbitration agreement is deemed
unenforceable, the unenforceable provision or language shall be severed from
this Award Agreement and the remainder will be enforceable.

A1-7

--------------------------------------------------------------------------------

ATTACHMENT 2

OCCIDENTAL PETROLEUM CORPORATION
2015 LONG-TERM INCENTIVE PLAN
GENERAL TERMS OF EMPLOYMENT

To the fullest extent permitted by law, and subject to the limitations provided
for in Sections F and G:

A.Grantee will not publish or divulge to any person, firm, corporation or
institution and will not use to the detriment of Occidental, or any of its
subsidiaries or other affiliates (the “Company Group”), any Confidential
Information of any of them (whether generated by them or as a result of any of
their business relationships), without first obtaining the written permission of
an officer of the Company. As used herein, “Confidential Information” means an
item of information or compilation of information in any form (tangible or
intangible) related to the business of the Company Group that Grantee acquires
during employment and that the Company Group has not made public or authorized
public disclosure of, provided that the item or compilation is not readily
available to persons outside the Company Group through proper means who would
benefit from its use or disclosure and is not obligated to maintain its
confidentiality. Confidential Information is also understood to cover the
information protected under Company’s Confidential Company Information Policy
10:20:80, as it may be amended from time to time.
B.At the time of leaving employment with the Company, the Grantee will deliver
to the Company, and not keep or deliver to anyone else, any and all credit
cards, drawings, blueprints, specifications, devices, notes, notebooks,
memoranda, reports, studies, correspondence and other documents, and, in
general, any and all materials relating to the Company Group (whether generated
by them or as a result of their business relationships),including any copies
(whether in paper or electronic form), that the Grantee has in the Grantee's
possession or control.
C.The Grantee will, during the Grantee's employment by the Company or any member
of the Company Group, comply with the provisions of Occidental's Code of
Business Conduct.
D.Grantee will not interfere with or disrupt any of the operations of the
Company Group or otherwise take actions intended directly to harm any entity in
the Company Group. Grantee will not make defamatory or derogatory statements
about the Company Group, or its owners, officers or directors (“Occidental
Parties”), or intentionally publicize information about Occidental Parties to
the public or the investment community (through the press, electronic media, or
any other mass media or communication outlet) without permission of an officer
of the Company; provided, however, that the foregoing shall not prohibit conduct
that is protected by law as described in Sections F and G below.
E.In the event that Grantee is subject to an “Intellectual Property Assignment
and Nondisclosure Agreement” (“IPANA”) with the Company or a member of the
Company Group, the IPANA shall control the rights of the Grantee with respect to
intellectual property conceived or created by the Grantee in accordance with the
IPANA’s terms, and Grantee will comply with such agreement as a mandatory term
of the General Terms of Employment provided herein. In the event Grantee is not
subject to a controlling IPANA, all inventions, developments, designs,
improvements, discoveries and ideas that the Grantee makes or conceives in the
course of employment by a member of the Company Group, whether or not during
regular working hours, relating to any design, article of manufacture, machine,
apparatus, process, method, composition of matter, product or any improvement or
component thereof, that are manufactured, sold, leased, used or under
development by, or pertain to the present or possible future business of a
member of the Company Group (collectively “Proprietary Works”) shall be a work-

A2-1

--------------------------------------------------------------------------------

for-hire and become and remain the property of the Company (or other member of
the Company Group that employs Grantee), its successors and assigns. Grantee
hereby fully and finally, assigns and transfers to the Company (or other member
of the Company Group that employs Grantee), all of Grantee’s right, title and
interest in the Proprietary Works. This assignment covers all rights of every
kind and character, including without limitation all rights necessary to provide
Company with all of the benefits of exclusive ownership and control over the
Proprietary Works to the fullest extent allowed by law throughout the world,
including the right to sue, counterclaim and recover for all past, present and
future infringement, misappropriation or dilution thereof.
F.    Grantee acknowledges that through the Company’s Speak-Up and
Non-Retaliation Policy (Policy No. 91:80:00), Grantee has been notified of his
or her immunity rights related to the use trade secret information of the
Company Group in the reporting illegal conduct or in a claim of retaliation for
reporting illegal conduct as provided for under the Defend Trade Secrets Act of
2016 (18 U.S.C. §1833(b)(DTSA), and Grantee has been provided the Company’s
reporting policy regarding the reporting of suspected illegal conduct.
G.    Grantee understands that the purpose of this statement of General Terms of
Employment is to reinforce the protection of the trade secrets, Confidential
Information and other intellectual property interests of the Company and Company
Group, and not to prohibit any conduct by Grantee that is compelled by law or
protected by law. Grantee recognizes that nothing in these General Terms of
Employment prohibits Grantee from reporting an event that Grantee reasonably and
in good faith believe is a violation of law to the relevant law-enforcement
agency (such as the Securities and Exchange Commission), and that no prior
approval from or notice to the Company is required before doing so. In addition,
nothing in these General Terms of Employment shall be construed to prohibit
Grantee from cooperating in an investigation conducted by a duly authorized
government agency, and in the course of such conduct disclosing trade secrets or
Confidential Information in a manner that complies with the DTSA (described in
the Company’s Speak-Up and Non-Retaliation Policy).
H.    The foregoing General Terms of Employment are not intended to be an
exclusive list of the employment terms and conditions that apply to the Grantee.
The Company, in its sole discretion, may at any time amend or supplement the
foregoing terms. The Grantee's breach of the foregoing General Terms of
Employment will entitle the Company to take appropriate disciplinary action,
including, without limitation, reduction of the Award granted pursuant to this
Award Agreement and termination of employment.

A2-2