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EXHIBIT 10.8
Occidental Petroleum Corporation
Acknowledgement Letter
On July 11, 2012, Occidental Petroleum Corporation (the “Company”) granted me a Total Shareholder Return Incentive Award with a performance period of July 1, 2012 through June 30, 2015 (the “Award”).
In accordance with announcements made by the Company today, I confirm that I have agreed that, if, Occidental's Total Shareholder Return for the Performance Period is negative, as calculated under Section 3 of the Award Terms and Conditions, my right to receive Shares in excess of 50% of the Performance Shares awarded will be forfeited.
/s/ STEPHEN I. CHAZEN | ||
Stephen I. Chazen | ||
Date: 4/29/13 |