Common use of Crediting and Payment of Dividend Equivalents Clause in Contracts

Crediting and Payment of Dividend Equivalents. With respect to the number of LTI Units listed above, the Grantee will be credited on the books and records of Occidental with an amount (the "Dividend Equivalent") equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Stock as and when declared during the period beginning on the Date of Grant and ending, with respect to any portion of the LTI Units covered by this Agreement, on the date on which the Grantee's right to receive such portion becomes nonforfeitable, or, if earlier, the date on which the Grantee forfeits the right to receive such portion. 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 after the Grantee has been credited with a Dividend Equivalent.

Crediting and Payment of Dividend Equivalents. With respect to the number of LTI Units Target Performance Shares listed above, the Grantee will be credited on the books and records of Occidental with an amount (the "“Dividend Equivalent"”) equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Stock Shares as and when declared during the period beginning on the Date of Grant and ending, ending with respect to any portion of the LTI Units Target Performance Shares covered by this Agreement, Agreement on the date on which the Grantee's ’s right to receive such portion becomes nonforfeitable, or, if earlier, the date on which the Grantee forfeits the right to receive such portion. 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 after the Grantee has been credited with a Dividend Equivalent.

Crediting and Payment of Dividend Equivalents. With respect to the number of LTI Units Target Performance Shares listed above, the Grantee will be credited on the books and records of Occidental with an amount (the "Dividend Equivalent") equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Stock as and when declared Shares during the period beginning on the Date of Grant and ending, ending with respect to any portion of the LTI Units Target Performance Shares covered by this Agreement, Agreement on the date on which the Grantee's right to receive such portion becomes nonforfeitable, or, if earlier, the date on which the Grantee forfeits the right to receive such portion. 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 after the Grantee has been credited with a Dividend Equivalent.

Crediting and Payment of Dividend Equivalents. With respect to the number of LTI Units listed above, the Grantee will be credited on the books and records of Occidental with an amount (the "“Dividend Equivalent"”) equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Stock Shares as and when declared during the period beginning on the Date of Grant and ending, with respect to any portion of the LTI Units covered by this Agreement, on the date on which the Grantee's right to receive such portion becomes nonforfeitable, or, if earlier, the date on which the Grantee forfeits the right to receive such portion. 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 after the Grantee has been credited with a Dividend Equivalent.

Crediting and Payment of Dividend Equivalents. With respect to the number of LTI Units Target Performance Shares listed above, the Grantee will be credited on the books and records of Occidental with an amount (the "“Dividend Equivalent"”) equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Stock Shares as and when declared during the period beginning on the Date of Grant and ending, ending with respect to any portion of the LTI Units Target Performance Shares covered by this Agreement, Agreement on the date on which the Grantee's ’s right to receive such portion becomes nonforfeitable, or, if earlier, the date on which the Grantee forfeits the right to receive such portion. 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 after the Grantee has been credited with a Dividend Equivalent.