EX-10.1
from 10-Q
8 pages
This Agreement (“Agreement”) Is Entered Into as of the Effective Date (As Defined in Paragraph 1), by and Between Occidental Petroleum Corporation, a Delaware Corporation (“Employer”), and Vicki Hollub (“You”), Based Upon the Following: A. You Have Been Employed as a Full-Time Employee of Employer or Its Parent, Subsidiaries or Affiliates (Collectively, “Opc” or the “Company”) Since June 15, 1981. B. You Have Notified the Company of Your Intent to Retire. C. the Executive Compensation Committee of the Board of Directors of the Company Agrees That You Have Satisfied the Eligibility Requirements Under the Occidental Petroleum Corporation Retirement Policy (“Retirement Policy”). D. This Agreement Sets Forth Your Benefits and Obligations Under the Retirement Policy. in Consideration of the Mutual Promises Contained in This Agreement, the Parties Agree as Follows: 1.effective Date of Agreement: This Agreement Will Take Effect at 12:00 A.M. on the Eighth Day After You Sign This Agreement (The “Effective Date”), Unless You Revoke It as Provided in Paragraph 12. 2.retirement and Retirement Date: Your Employment by the Company Ends at 11:59 P.M. on June 1, 2026 (Your “Retirement Date”). 3.retirement Policy Benefits: Any Benefits Provided Pursuant to This Paragraph 3 Will Be Subject to the Terms and Conditions Governing the Applicable Plan, Including, Without Limitation, the Right of Opc to Modify, Amend, Change or Terminate Such Plan at Any Time
12/34/56