Document:

Exhibit

August 6, 2013

Ms. Marcia E. Backus

Dear Marcia:
My colleagues and I are extremely pleased that you will be joining us.  The purpose of this correspondence is to confirm our offer and your acceptance of employment.
The terms and conditions of our employment offer are as follows:
		
	1.
	Title:  Your title, subject to Board approval, will be Vice President and General Counsel.

		
	2.
	Reporting Relationship:  You will report to Mr. Donald P. de Brier, Corporate Executive Vice President and Corporate Secretary.

		
	3.
	Start Date:  You will commence employment on October 1, 2013, or on another mutually agreeable date.

		
	4.
	Initial Base Salary:  $450,000 per year subject to annual review, paid semi-monthly during your continued employment.

		
	5.
	Initial Annual Bonus:  You will be eligible to participate in Occidental’s Executive Incentive Compensation Plan (EICP) during your continued employment, with an initial target bonus of $350,000 subject to annual review.  In addition, during your continued employment you will be guaranteed a bonus not less than your target amount for 2013 and 2014, payable by March 14, 2014 and 2015, respectively.

		
	6.
	Sign-On Cash Bonus:  You will receive a sign-on cash bonus of $1,000,000, subject to your continued employment, payable as follows:

		
	a.
	$250,000 paid with your first regular paycheck following your employment date.

		
	b.
	$250,000 paid with your first regular paycheck following your first anniversary date.

		
	c.
	$500,000 paid with your first regular paycheck following your second anniversary date.

		
	7.
	Sign-On Long-Term Incentives:  Effective as of your first day of employment, you will be awarded Restricted Shares with an initial value (based on the closing price of Occidental stock on the date of the award), of $1,800,000, subject to Oxy’s standard employment terms.  This award will vest on July 21, 2016, and will pay out 0 – 100% of the Restricted Shares subject to the award’s performance criteria.  Also, effective as of your first day of employment, you will be awarded a Return on Capital Employed Incentive with a grant date target value of $1,200,000.  This award will vest on December 31, 2016.  Payout will range from 0 – 200% of the target number of performance shares based on level of Return on Capital Employed achieved.

 

		
	8.
	Ongoing Long-Term Incentives:  You will be eligible to participate in Occidental’s annual Long-Term Incentive program beginning with an award made in 2014.  Subject to market and company conditions at the time, your performance, and Compensation Committee approval, we anticipate that you will receive a total target award in the range of $2,000,000 to $3,000,000 per year beginning in 2014. The form of Long-Term Incentives will be decided by the Compensation Committee on an annual basis.

		
	9.
	Termination Payments:  In the event of involuntary, not-for-cause termination of employment prior to your third anniversary, you will receive the following payments:

		
	a.
	Semi-monthly payments equivalent to your base salary will continue for a period of twelve months.

		
	b.
	An Annual Bonus will be paid in accordance with the terms of the EICP for the year of your termination (in the following year by March 14), based on target for the individual performance portion and actual Occidental performance for the remainder, subject to the minimum guarantee under paragraph 5 for the year of termination.

		
	c.
	Cash payments equivalent to the amounts that would have been payable for Sign-On Long-Term Incentives and Ongoing Long-Term Incentives that are forfeited as a result of your termination, will be paid out at the same time the associated award is paid based on actual Occidental performance.

		
	d.
	Cash payments for the balance of the Sign-On Cash Bonus will be paid as if you had remained an employee.

		
	e.
	A cash payment equal to any unvested balances forfeited under Occidental’s retirement and savings plans will be paid as soon as administratively practicable following your termination date and no later than 60 days after your “separation from service” (under Section 409A of the U.S. Internal Revenue Code (Section 409A)), provided that, to the extent required by Section 409A, such payments will be made at the time or times such forfeited balances would otherwise have been paid under the terms of the retirement and savings plans.

Notwithstanding anything to the contrary in this paragraph 9, to the extent that any payments hereunder are subject to Section 409A, references to termination or to termination of employment shall mean “separation from service” (under Section 409A) and to the extent you must be treated as a “specified employee” (under Section 409A), then any payments on account of your “separation from service” (under Section 409A), that are subject to the requirements of Section 409A, shall, if required to be made later than the time specified above as a result of the application of Section 409A, be made on the date that is six months and one day following the date of your “separation from service” (under Section 409A).

		
	10.
	Employee Benefits:  During your continued employment, you will be entitled to the full array of employee benefits available to similarly situated Occidental executives, including Financial Planning and Personal Excess Liability Insurance, as they may exist from time to time.

		
	11.
	Vacation Entitlement:  You will accrue 200 hours of vacation per year (prorated for the first year of employment).

All offers of employment are contingent upon satisfactory results of a drug screen and background investigation.  Details on these subjects will be sent to you under separate cover.  We understand that you will not announce your resignation from your current position to your current employer until these contingencies have been met and we agree not to announce your employment with Occidental until you have announced your resignation from your current position.  Your employment with Occidental is at-will, this letter in not a guarantee of continuing employment and no part of this letter may be assigned.  This letter will be governed by Texas law (without giving effect to its conflicts of laws principles), constitutes the final, complete and exclusive expression of the parties’ intent on its subject matter and may only be amended in a writing signed by each party.
Please call me if you have any questions relative to your employment.  If everything is stated correctly and to your satisfaction, please sign both copies of this offer letter and return one copy in the enclosed FedEx envelope.
I would like to take this opportunity to welcome you to Occidental Petroleum Corporation.  We have a long history of working with you and, as I am sure you know, I am very much looking forward to working with you.  
Sincerely,

Stephen I. Chazen                        
Agreed and Accepted:

/s/ Marcia E. Backus
Marcia E. Backus

Copy:     D.P.  de Brier
M.A. CozynExhibit

Exhibit 10.1

EMCORE CORPORATION
DIRECTORS’ COMPENSATION POLICY 
(Effective January 1, 2016)
Directors of EMCORE Corporation (the “Company”) who are not employed by the Company or one of its subsidiaries (“non-employee directors”) are entitled to the compensation set forth below for their service as a member of the Board of Directors (the “Board”) of the Company. The Board has the right to amend this policy from time to time.
	
		
	Cash Compensation
	 

	All Board Members
	 

	Annual Cash Retainer
	$37,000

	Board Committee Chairpersons
	 

	Annual Audit Committee Chairperson Retainer
	$20,000

	Annual Compensation Committee Chairperson Retainer
	$9,500

	Annual Nominating Committee Chairperson Retainer
	$8,000

	Annual Strategy and Alternatives Committee Chairperson Retainer
	$8,000

	Other Board Committee Members
	 

	Annual Audit Committee Member Retainer
	$10,000

	Annual Compensation Committee Member Retainer
	$5,000

	Annual Nominating Committee Member Retainer
	$3,000

	Annual Strategy and Alternatives Committee Member Retainer
	$3,000

	 
	 

	Equity Compensation
	 

	Annual Equity Award
	$54,000

	Annual Chairperson Equity Award
	$42,500

Cash Compensation 
Each non-employee director will be entitled to an annual cash retainer while serving on the Board in the amount set forth above (the “Annual Cash Retainer”).  A non-employee director who serves as the Chairperson of the Audit Committee, the Compensation Committee, the Nominating Committee or the Strategy and Alternatives Committee of the Board will be entitled to an additional annual cash retainer while serving in that position in the applicable amount set forth above (an “Additional Committee Chair Retainer”).  A non-employee director who serves as a member of the Audit Committee, the Compensation Committee, the Nominating Committee or the Strategy and Alternatives Committee of the Board (but is not Chairperson of such Board committee) will be entitled to an additional annual cash retainer while serving in that position in the applicable amount set forth above (an “Additional Committee Member Retainer”).
The amounts of the Annual Cash Retainer, Additional Committee Chair Retainer and Additional Committee Member Retainer reflected above are expressed as annualized amounts.  These retainers will be paid on a quarterly basis, at the end of each quarter in arrears, and will be pro-rated if a non-employee director serves (or serves in the corresponding position, as the case may be) for only a portion of the quarter (with the proration based on the number of calendar days in the quarter that the director served as a non-employee director or held the particular position, as the case may be). 

Equity Compensation
Annual Equity Award
On January 15th of each calendar year (beginning with the 2017 calendar year), each non-employee director then in office will automatically be granted an award of fully vested shares of the Company’s common stock (an “Annual Equity Award”) determined by dividing (1) the Annual Equity Award grant value set forth above by (2) the per-share closing price of the Company’s common stock on the grant date (rounded down to the nearest whole share).  If, for any year, January 15th is not a Trading Day (as defined below), the grant date of the Annual Equity Award shall be the first Trading Day following January 15th.  Each Annual Equity Award will be fully vested on the date of grant.
If a non-employee director serves on the Board for only a portion of the calendar year preceding the grant date of the Annual Equity Award (e.g., the 2016 calendar year for the Annual Equity Award to be granted on January 15, 2017), such non-employee director will automatically be entitled to a pro-rata portion of the Annual Equity Award (a “Pro-Rata Annual Equity Award”) determined by dividing (1) a pro-rata portion of the Annual Equity Award grant value set forth above by (2) the per-share closing price of the Company’s common stock on the grant date (rounded down to the nearest whole share).  The pro-rata portion of the Annual Equity Award grant value for purposes of a Pro-Rata Annual Equity Award will equal the Annual Equity Award grant value set forth above multiplied by a fraction (not greater than one), the numerator of which is the number of whole months in the prior calendar year during which the director served as a non-employee director, and the denominator of which is 12.  Each Pro-Rata Annual Equity Award will be fully vested on the date of grant.
Annual Chairperson Equity Award
On January 15th of each calendar year (beginning with the 2017 calendar year), each non-employee director then serving as the Chairperson of the Board will automatically be granted an additional award of fully vested shares of the Company’s common stock (an “Annual Chairperson Equity Award”) determined by dividing (1) the Annual Chairperson Equity Award grant value set forth above by (2) the per-share closing price of the Company’s common stock on the grant date (rounded down to the nearest whole share).  If, for any year, January 15th is not a Trading Day, the grant date of the Annual Chairperson Equity Award shall be the first Trading Day following January 15th.  Each Annual Chairperson Equity Award will be fully vested on the date of grant.
If a non-employee director serves as Chairperson of the Board for only a portion of the calendar year preceding the grant date of the Annual Chairperson Equity Award (e.g., the 2016 calendar year for the Annual Chairperson Equity Award to be granted on January 15, 2017), the Chairperson of the Board will automatically be entitled to a pro-rata portion of the Annual Chairperson Equity Award (a “Pro-Rata Annual Chairperson Equity Award”) determined by dividing (1) a pro-rata portion of the Annual Chairperson Equity Award grant value set forth above by (2) the per-share closing price of the Company’s common stock on the grant date (rounded down to the nearest whole share).  The pro-rata portion of the Annual Chairperson Equity Award grant value for purposes of a Pro-Rata Annual Chairperson Equity Award will equal the Annual Chairperson Equity Award grant value set forth above multiplied by a fraction (not greater than one), the numerator of which is the number of whole months in the prior calendar year during which the director served as Chairperson of the Board, and the denominator of which is 12.  Each Pro-Rata Annual Chairperson Equity Award will be fully vested on the date of grant.
General
Unless otherwise determined by the Board, each award of shares of common stock will be made under and subject to the terms and conditions of the Company’s 2012 Equity Incentive Plan or any other equity compensation plan approved by the Company’s shareholders and in effect at the time of grant.  
As used in this policy, “Trading Day” shall mean a day on which national stock exchanges are open for trading.

Expense Reimbursement 
All directors will be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or committees thereof or in connection with other Board related business.

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