{"id":40084,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/long-term-incentive-award-agreement-occidental-petroleum-corp.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"long-term-incentive-award-agreement-occidental-petroleum-corp","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/long-term-incentive-award-agreement-occidental-petroleum-corp.html","title":{"rendered":"Long-Term Incentive Award Agreement – Occidental Petroleum Corp."},"content":{"rendered":"

OCCIDENTAL PETROLEUM CORPORATION<\/strong><\/p>\n

2005 LONG-TERM INCENTIVE PLAN<\/strong><\/p>\n

LONG-TERM INCENTIVE AWARD<\/strong><\/p>\n

TERMS AND CONDITIONS<\/strong><\/p>\n

(Equity-based, Cash-settled Award)<\/strong><\/p>\n\n\n\n\n\n\n\n
\n

DATE OF GRANT:<\/strong><\/p>\n<\/td>\n

\n

July 15, 2009<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

LONG-TERM INCENTIVE UNITS:<\/strong><\/p>\n<\/td>\n

\n

See “Grants & Awards” Tab<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

VESTING DATE:<\/strong><\/p>\n<\/td>\n

\n

July 14, 2012<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The following Terms and Conditions<\/strong> (these “Terms and
\nConditions”) are set forth as of the Date of Grant between OCCIDENTAL PETROLEUM
\nCORPORATION, a Delaware corporation (“Occidental” and, with its subsidiaries,
\nthe “Company”), and the Eligible Employee receiving this award (the “Grantee”).\n<\/p>\n

1. GRANT OF LONG-TERM INCENTIVE AWARD.<\/strong> In accordance with
\nthese Terms and Conditions and the Occidental Petroleum Corporation 2005
\nLong-Term Incentive Plan, as the same may be amended from time to time (the
\n“Plan”), Occidental grants to the Grantee as of the Date of Grant, the number of
\nLong-Term Incentive Units (“LTI Units”) indicated in the on-line system
\nestablished and maintained by the Company or another third party designated by
\nthe Company, subject to adjustment under the Plan and Section 6 of these Terms
\nand Conditions. An LTI Unit represents the right to receive in cash, upon
\nvesting, as set forth in Section 3, the Long-Term Incentive Value of one share
\nof Occidental Common Stock, $0.20 par value (the “Common Stock”). LTI Units are
\nnot Common Stock and have no voting rights or, except as stated in Section 5,
\ndividend rights. “Long-Term Incentive Value” means the last reported sale price
\nof a share of Common Stock on the New York Stock Exchange Composite Transactions
\non the Vesting Date, date of death or Change in Control event.<\/p>\n

2. RESTRICTIONS ON TRANSFER.<\/strong> Neither these Terms and
\nConditions nor any right to receive cash pursuant to these Terms and Conditions
\nmay be transferred or assigned by the Grantee other than (i) to a beneficiary
\ndesignated on a form approved by the Company (if enforceable under local law),
\nby will or, if the Grantee dies without designating a beneficiary of a valid
\nwill, by the laws of descent and distribution, or (ii) pursuant to a domestic
\nrelations order, if applicable, (if approved or ratified by the Committee).<\/p>\n

3. VESTING AND FORFEITURE OF LONG-TERM INCENTIVE AWARD.<\/strong> (a)
\nIf the Grantee fails to accept this award prior to the next record date for the
\npayment of dividends on the Common Stock subsequent to the Date of Grant, then,
\nnotwithstanding any other provision of this award, the Grantee shall forfeit all
\nrights under this award and this award will become null and void. For purposes
\nof this section, acceptance of the award shall occur on the date the Grantee
\naccepts this Long-Term Incentive Award through the on-line system designated by
\nthe Company.<\/p>\n

(b) The Grantee must remain in the continuous employ of the Company through
\nthe Vesting Date to receive payment of this award. The continuous employment of
\nthe Grantee will not be deemed to have been interrupted by reason of the
\ntransfer of the Grantee153s employment among the Company and its affiliates or an
\napproved leave of absence. However, if, prior to the Vesting Date, the Grantee
\nbecomes permanently disabled while in the employ of the Company and terminates
\nemployment as a result thereof, retires with the consent of the Company, or
\nterminates employment for the convenience of the Company (each of the foregoing,
\na<\/p>\n

“Forfeiture Event”), then the number of LTI Units will be reduced on a pro
\nrata basis based upon the number of days remaining until the Vesting Date
\nfollowing the date of the Forfeiture Event. If the Grantee terminates employment
\nvoluntarily or is terminated for cause before the Vesting Date, then these Terms
\nand Conditions will terminate automatically on the date of the Grantee153s
\ntermination and the Grantee shall forfeit the right to receive any LTI Units. If
\nthe Grantee dies while in the employ of the Company before the Vesting Date, all
\nof the LTI Units will vest as of the date of death and become immediately
\npayable.<\/p>\n

(c) If a Change in Control event occurs prior to the Vesting Date, the LTI
\nUnits shall immediately vest and become nonforfeitable unless, prior to the
\noccurrence of the Change in Control event, the Committee, as provided in Section
\n7.1 of the Plan, determines that such event will not accelerate vesting of the
\nLTI Units. Any such determination by the Committee is binding on the Grantee.\n<\/p>\n

4. PAYMENT OF AWARDS.<\/strong> Payment of the Long-Term Incentive
\nValue for each LTI Unit, as adjusted pursuant to Sections 3 and 6 of these Terms
\nand Conditions, will be settled in cash only. Payment will be made to the
\nGrantee as promptly as practicable after the Vesting Date, date of death or the
\nChange in Control event, as the case may be.<\/p>\n

5. CREDITING AND PAYMENT OF DIVIDEND EQUIVALENTS<\/strong>. With
\nrespect to the number of LTI Units indicated above, the Grantee will be credited
\non the books and records of Occidental with an amount (the “Dividend
\nEquivalent”) equal to the amount per share of any cash dividends declared by the
\nBoard on the outstanding Common Stock as and when declared with a record date
\nduring the period beginning on the Date of Grant and ending on the Vesting Date,
\nor, if earlier, the date on which the Grantee forfeits the right to receive the
\nLTI Units. Occidental will pay in cash to the Grantee an amount equal to the
\nDividend Equivalents credited to such Grantee as promptly as may be practicable
\nafter the Grantee has been credited with a Dividend Equivalent.<\/p>\n

6. ADJUSTMENTS<\/strong>. The number of LTI Units covered by this
\nGrant may be adjusted as the Committee determines, pursuant to Section 7.2 of
\nthe Plan, in order to prevent dilution or expansion of the Grantee153s rights
\nunder these Terms and Conditions as a result of events such as stock dividends,
\nstock splits, or other change in the capital structure of Occidental, or any
\nmerger, consolidation, spin-off, liquidation or other corporate transaction or
\nevent having a similar effect. If any such adjustment occurs, the Company will
\ngive the Grantee written notice of the adjustment containing an explanation of
\nthe nature of the adjustment.<\/p>\n

7. NO EMPLOYMENT CONTRACT.<\/strong> Nothing in these Terms and
\nConditions confers upon the Grantee any right with respect to continued
\nemployment by the Company, nor limits in any manner the right of the Company to
\nterminate the employment or adjust the compensation of the Grantee. Unless
\notherwise agreed in a writing signed by the Grantee and an authorized
\nrepresentative of the Company, the Grantee153s employment with the Company is at
\nwill and may be terminated at any time by the Grantee or the Company.<\/p>\n

8. TAXES AND WITHHOLDING.<\/strong> Regardless of any action the
\nCompany takes with respect to any or all income tax (including U.S. federal,
\nstate and local tax and non-U.S. tax), social insurance, payroll tax, payment on
\naccount or other tax-related items related to the Grantee153s participation in the
\nPlan and legally applicable to the Grantee (“Tax-Related Items”), the Grantee
\nacknowledges that the ultimate liability for all Tax-Related Items is and
\nremains the Grantee153s responsibility and may exceed the amount actually withheld
\nby the Company. The Grantee further acknowledges that the Company (i) makes no
\nrepresentations or undertakings regarding the treatment of any Tax-Related Items
\nin connection with any aspect of this Long-Term<\/p>\n

2<\/p>\n

Incentive Award, including the grant or vesting of the Long-Term Incentive
\nAward and the receipt of Dividend Equivalents; and (ii) does not commit to and
\nis under no obligation to structure the terms of the grant or any aspect of the
\nLong-Term Incentive Award to reduce or eliminate the Grantee153s liability for
\nTax-Related Items or achieve any particular tax result. Further, if the Grantee
\nhas become subject to tax in more than one jurisdiction between the Date of
\nGrant and the date of any relevant taxable event, the Grantee acknowledges that
\nthe Company may be required to withhold or account for Tax-Related Items in more
\nthan one jurisdiction.<\/p>\n

Prior to the relevant taxable event, the Grantee shall pay or make adequate
\narrangements satisfactory to the Company to satisfy all Tax-Related Items. In
\nthis regard, the Grantee authorizes the Company to withhold all applicable
\nTax-Related Items legally payable by the Grantee first from the cash payable
\npursuant to this Long-Term Incentive Award (including Dividend Equivalents) and,
\nif not sufficient, from the Grantee153s wages or other cash compensation. The
\nGrantee shall pay to the Company any amount of Tax-Related Items that the
\nCompany may be required to withhold as a result of the Grantee153s receipt of this
\nLong-Term Incentive Award that cannot be satisfied by the means previously
\ndescribed.<\/p>\n

9. COMPLIANCE WITH LAW.<\/strong> The Company will make reasonable
\nefforts to comply with all federal, state and non-U.S. laws applicable to awards
\nof this type. However, if it is not feasible for the Company to comply with
\nthese laws with respect to the grant or settlement of these awards, then the
\nawards may be cancelled without any compensation or additional benefits provided
\nto Grantee as a result of the cancellation.<\/p>\n

10. RELATION TO OTHER BENEFITS.<\/strong> The benefits received by the
\nGrantee under these Terms and Conditions will not be taken into account in
\ndetermining any benefits to which the Grantee may be entitled under any profit
\nsharing, retirement or other benefit or compensation plan maintained by the
\nCompany, including the amount of any life insurance coverage available to any
\nbeneficiary of the Grantee under any life insurance plan covering employees of
\nthe Company. Additionally, this Long-Term Incentive Award is not part of normal
\nor expected compensation or salary for any purposes, including, but not limited
\nto calculation of any severance, resignation, termination, redundancy, end of
\nservice payments, bonuses or long-service awards. The grant of this Long-Term
\nIncentive Award does not create any contractual or other right to receive future
\ngrants of Long-Term Incentive Awards or benefits in lieu of Long-Term Incentive
\nAwards, even if Grantee has a history of receiving Long-Term Incentive Awards or
\nother cash or stock awards.<\/p>\n

11. AMENDMENTS.<\/strong> The Plan may be modified, amended, suspended
\nor terminated by the Board at any time, as provided in the Plan. Any amendment
\nto the Plan will be deemed to be an amendment to these Terms and Conditions to
\nthe extent it is applicable to these Terms and Conditions; however, no amendment
\nwill adversely affect the rights of the Grantee under these Terms and Conditions
\nwithout the Grantee’s consent.<\/p>\n

12. SEVERABILITY.<\/strong> If one or more of the provisions of these
\nTerms and Conditions is invalidated for any reason by a court of competent
\njurisdiction, the invalidated provisions shall be deemed to be separable from
\nthe other provisions of these Terms and Conditions, and the remaining provisions
\nof these Terms and Conditions will continue to be valid and fully enforceable.\n<\/p>\n

13. ENTIRE AGREEMENT; RELATION TO PLAN; INTERPRETATION.<\/strong>
\nExcept as specifically provided in this Section, these Terms and Conditions and
\nthe Attachments incorporated in these Terms and Conditions constitute the entire
\nagreement between the Company and the Grantee<\/p>\n

3<\/p>\n

with respect to this Long-Term Incentive Award. These Terms and Conditions
\nare subject to the terms and conditions of the Plan. In the event of any
\ninconsistent provisions between these Terms and Conditions and the Plan, the
\nprovisions of the Plan control. Capitalized terms used in these Terms and
\nConditions without definitions have the meanings assigned to them in the Plan.
\nReferences to Sections and Attachments are to Sections of, and Attachments
\nincorporated in, these Terms and Conditions unless otherwise noted.<\/p>\n

14. SUCCESSORS AND ASSIGNS.<\/strong> Subject to Sections 2 and 3, the
\nprovisions of these Terms and Conditions shall be for the benefit of, and be
\nbinding upon, the successors, administrators, heirs, legal representatives and
\nassigns of the Grantee, and the successors and assigns of the Company.<\/p>\n

15. GOVERNING LAW.<\/strong> The laws of the State of Delaware govern
\nthe interpretation, performance, and enforcement of these Terms and Conditions.\n<\/p>\n

16. PRIVACY RIGHTS.<\/strong> By accepting this Long-Term Incentive
\nAward, the Grantee explicitly and unambiguously consents to the collection, use
\nand transfer, in electronic or other form, of the Grantee153s personal data as
\ndescribed in these Terms and Conditions by and among, as applicable, the Company
\nand its affiliates for the exclusive purpose of implementing, administering and
\nmanaging the Grantee153s participation in the Plan. The Grantee understands that
\nthe Company holds, or may receive from any agent designated by the Company,
\ncertain personal information about the Grantee, including, but not limited to,
\nthe Grantee153s name, home address and telephone number, date of birth, social
\ninsurance number or other identification number, salary, nationality, job title,
\nany shares of stock or directorships held in the Company, details of this
\nLong-Term Incentive Award or any other entitlement to cash or shares of stock
\nawarded, canceled, exercised, vested, unvested or outstanding in the Grantee153s
\nfavor, for the purpose of implementing, administering and managing the Plan,
\nincluding complying with applicable tax and securities laws (“Data”). Data may
\nbe transferred to any third parties assisting in the implementation,
\nadministration and management of the Plan. These recipients may be located in
\nthe Grantee153s country or elsewhere, and may have different data privacy laws and
\nprotections than the Grantee153s country. By accepting these Terms and Conditions,
\nthe Grantee authorizes the recipients to receive, possess, use, retain and
\ntransfer the Data, in electronic or other form, for the purposes described
\nabove. The Grantee may, at any time, view Data, request additional information
\nabout the storage and processing of Data, require any necessary amendments to
\nData or refuse or withdraw the consents herein, in any case without cost, by
\ncontacting the Committee in writing. Refusing or withdrawing consent may affect
\nthe Grantee153s ability to participate in the Plan.<\/p>\n

17. ELECTRONIC DELIVERY AND ACCEPTANCE.<\/strong> The Company may, in
\nits sole discretion, decide to deliver any documents related to this Long-Term
\nIncentive Award granted under the Plan or future awards that may be granted
\nunder the Plan (if any) by electronic means or to request the Grantee153s consent
\nto participate in the Plan by electronic means. The Grantee hereby consents to
\nreceive such documents by electronic delivery and, if requested, to participate
\nin the Plan through an on-line or electronic system established and maintained
\nby the Company or another third party designated by the Company.<\/p>\n

18. GRANTEE’S REPRESENTATIONS AND RELEASES.<\/strong> By accepting
\nthis Long-Term Incentive Award, the Grantee acknowledges that the Grantee has
\nread these Terms and Conditions and understands that (i) the grant of this
\nLong-Term Incentive Award is made voluntarily by Occidental in its discretion
\nwith no liability on the part of any of its direct or indirect subsidiaries and
\nthat, if the Grantee is not an employee of Occidental, the Grantee is not, and
\nwill not be considered, an employee of Occidental but the Grantee is a third
\nparty (employee of a<\/p>\n

4<\/p>\n

subsidiary) to whom this Long-Term Incentive Award is granted; (ii) all
\ndecisions with respect to future awards, if any, will be at the sole discretion
\nof Occidental; (iii) the Grantee153s participation in the Plan is voluntary; (iv)
\nthis Long-Term Incentive Award is an extraordinary item that does not constitute
\na regular and recurring item of base compensation; (v) the future amount of any
\ncash payment pursuant to this Long-Term Incentive Award cannot be predicted and
\nOccidental does not assume liability in the event this Long-Term Incentive Award
\nhas no value in the future; (vi) subject to the terms of any tax equalization
\nagreement between the Grantee and the entity employing the Grantee, the Grantee
\nwill be solely responsible for the payment or nonpayment of taxes imposed or
\nthreatened to be imposed by any authority of any jurisdiction; and (vii)
\nOccidental is not providing any tax, legal or financial advice with respect to
\nthis Long-Term Incentive Award or the Grantee153s participation in the Plan.<\/p>\n

In consideration of the grant of this Long-Term Incentive Award, no claim or
\nentitlement to compensation or damages shall arise from termination of this
\nLong-Term Incentive Award or diminution in value of this Long-Term Incentive
\nAward resulting from termination of the Grantee153s employment by the Company (for
\nany reason whatsoever) and, to the extent permitted by law, the Grantee
\nirrevocably releases the Company from any such claim that may arise; if,
\nnotwithstanding the foregoing, any such claim is found by a court of competent
\njurisdiction to have arisen, then, by accepting this Long-Term Incentive Award,
\nthe Grantee shall be deemed irrevocably to have waived his or her entitlement to
\npursue such claim.<\/p>\n

By accepting this Long-Term Incentive Award, the Grantee agrees, to the
\nextent not contrary to applicable law, to the General Terms of Employment set
\nout on Attachment 1 and the Arbitration Provisions set out on Attachment 2,
\nwhich, in each case, are incorporated in these Terms and Conditions by
\nreference.<\/p>\n

19. IMPOSITION OF OTHER REQUIREMENTS.<\/strong> Occidental reserves
\nthe right to impose other requirements on the Grantee153s participation in the
\nPlan and on the Long-Term Incentive Award, to the extent Occidental determines
\nit is necessary or advisable in order to comply with local law or facilitate the
\nadministration of the Plan, and to require the Grantee to sign any additional
\nagreements or undertakings that may be necessary to accomplish the foregoing.\n<\/p>\n

20. COMPLIANCE WITH SECTION 409A OF THE CODE.<\/strong>
\nNotwithstanding anything to the contrary contained in these Terms and
\nConditions, to the extent that the Board determines that the Plan or this award
\nis subject to Section 409A of the U.S. Internal Revenue Code (the “Code”) and
\nfails to comply with the requirements of Section 409A of the Code, the Board
\nreserves the right (without any obligation to do so) to amend or terminate the
\nPlan and\/or amend, restructure, terminate or replace this award in order to
\ncause this award to either not be subject to Section 409A of the Code or to
\ncomply with the applicable provisions of such section.<\/p>\n

5<\/p>\n

Attachment 1<\/strong><\/p>\n

General Terms of Employment<\/strong><\/p>\n

A. Except as otherwise required by law or legal process, the Grantee will not
\npublish or divulge to any person, firm, corporation or institution and will not
\nuse to the detriment of Occidental, or any of its subsidiaries or other
\naffiliates, or any of their respective officers, directors, employees or
\nstockholders (collectively, “Occidental Parties”), at any time during or after
\nthe Grantee153s employment by any of them, any trade secrets or confidential
\ninformation of any of them (whether generated by them or as a result of any of
\ntheir business relationships), including such information as described in
\nOccidental153s Code of Business Conduct and other corporate policies, without
\nfirst obtaining the written permission of an officer of the Company.<\/p>\n

B. At the time of leaving employment with the Company, the Grantee will
\ndeliver to the Company, and not keep or deliver to anyone else, any and all
\ncredit cards, drawings, blueprints, specifications, devices, notes, notebooks,
\nmemoranda, reports, studies, correspondence and other documents, and, in
\ngeneral, any and all materials relating to the Occidental Parties (whether
\ngenerated by them or as a result of their business relationships), including any
\ncopies (whether in paper or electronic form), that the Grantee has in the
\nGrantee153s possession or control.<\/p>\n

C. The Grantee will, during the Grantee153s employment by the Company, comply
\nwith the provisions of Occidental153s Code of Business Conduct.<\/p>\n

D. Except as otherwise required by the Grantee153s job or permitted by law, the
\nGrantee will not make statements about any Occidental Parties (1) to the press,
\nelectronic media, to any part of the investment community, to the public, or to
\nany person connected with, employed by or having a relationship with any of them
\nwithout permission of an officer of the Company or (2) that are derogatory,
\ndefamatory or negative. Nothing herein, however, shall prevent Grantee from
\nmaking a good faith report or complaint to appropriate governmental authorities.
\nTo the fullest extent permitted by law, Grantee will not interfere with or
\ndisrupt any of the Company153s operations or otherwise take actions intended
\ndirectly to harm any of the Occidental Parties.<\/p>\n

E. All inventions, developments, designs, improvements, discoveries and ideas
\nthat the Grantee makes or conceives in the course of employment by the Company,
\nwhether or not during regular working hours, relating to any design, article of
\nmanufacture, machine, apparatus, process, method, composition of matter, product
\nor any improvement or component thereof, that are manufactured, sold, leased,
\nused or under development by, or pertain to the present or possible future
\nbusiness of the Company shall be a work-for-hire and become and remain the
\nproperty of Occidental, its successors and assigns.<\/p>\n

The provisions of this Section do not apply to an invention that qualifies
\nfully under the provisions of Section 2870 of the California Labor Code, which
\nprovides in substance that provisions in an employment agreement providing that
\nan employee shall assign or offer to assign rights in an invention to his or her
\nemployer do not apply to an invention for which no equipment, supplies,
\nfacilities, or trade secret information of the employer was used and which was
\ndeveloped entirely on the employee153s own time, except for those inventions that
\neither (a) relate, at the time of conception or reduction to practice of the
\ninvention, (1) to the business of the employer or (2) to the employer153s actual
\nor demonstrably anticipated research or development, or (b) result from any work
\nperformed by the employee for the employer.<\/p>\n

F. The foregoing General Terms of Employment are not intended to be an
\nexclusive list of the employment terms and conditions that apply to the Grantee.
\nThe Company, in its sole discretion, may at any time amend or supplement the
\nforegoing terms. The Grantee153s breach of the foregoing General Terms of
\nEmployment will entitle the Company to take appropriate disciplinary action,
\nincluding, without limitation, reduction of the Long-Term Incentive Award
\ngranted pursuant to these Terms and Conditions and termination of employment.\n<\/p>\n

Attachment 2<\/strong><\/p>\n

Arbitration Provisions<\/strong><\/p>\n

Any dispute arising out of or in any way related to the Grantee153s employment
\nwith the Company, or the termination of that employment, will be decided
\nexclusively by final and binding arbitration pursuant to any procedures required
\nby applicable law. To the extent not inconsistent with applicable law, any
\narbitration will be submitted to American Arbitration Association (“AAA”) and
\nsubject to AAA Employment Arbitration Rules and Mediation Procedures in effect
\nat the time of filing of the demand for arbitration. Only the following claims
\nare excluded from these Terms and Conditions: (1) claims for workers153
\ncompensation, unemployment compensation, or state disability benefits, and
\nclaims based upon any pension or welfare benefit plan the terms of which contain
\nan arbitration or other non-judicial dispute resolution procedure, (2) to the
\nextent permitted by applicable law, claims for provisional remedies to maintain
\nthe status quo pending the outcome of arbitration, (3) claims based on
\ncompensation award agreements and incentive plans and (4) claims which are not
\npermitted by applicable law to be subject to a binding pre-dispute arbitration
\nagreement.<\/p>\n

Any controversy regarding whether a particular dispute is subject to
\narbitration under this Section shall be decided by the arbitrator.<\/p>\n

To the extent required under applicable law, the Grantee153s responsibility for
\npayment of the neutral arbitrator153s fees and expenses shall be limited to an
\namount equal to the filing fee that would be required for a state trial court
\naction and the Company shall pay all remaining fees and expenses of the
\narbitrator. Unless otherwise required under applicable law, the parties shall
\neach pay their pro rata share of the neutral arbitrator’s expenses and fees. Any
\ncontroversy regarding the payment of fees and expenses under this arbitration
\nprovision shall be decided by the arbitrator.<\/p>\n

The arbitrator may award any form of remedy or relief (including injunctive
\nrelief) that would otherwise be available in court. Any award pursuant to said
\narbitration shall be accompanied by a written opinion of the arbitrator setting
\nforth the reason for the award. The award rendered by the arbitrator shall be
\nconclusive and binding upon the parties hereto, and judgment upon the award may
\nbe entered, and enforcement may be sought in, any court of competent
\njurisdiction. To the extent not inconsistent with applicable laws, the
\narbitrator will have the authority to hear and grant motions.<\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8395],"corporate_contracts_industries":[9409],"corporate_contracts_types":[9539,9546],"class_list":["post-40084","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-occidental-petroleum-corp","corporate_contracts_industries-energy__exploration","corporate_contracts_types-compensation","corporate_contracts_types-compensation__incentive"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40084"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40084"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40084"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}