Payment of Awards. Up to and including 200% of the Target Incentive Amount, as adjusted pursuant to Sections 4 and 6 of this Agreement, will be settled in cash only. Payment will be made to the Grantee as promptly as practicable after the Committee's certification of the attainment of the Performance Goal or the Change in Control event, as the case may be, which, in the case of payment upon attainment of the Performance Goal, shall be made no later than the 15th day of the third month following the end of the first taxable year in which the award is no longer subject to a substantial risk of forfeiture.
Appears in 3 contracts
Samples: Return on Assets Incentive Award Agreement (Occidental Petroleum Corp /De/), Return on Equity Incentive Award Agreement (Occidental Petroleum Corp /De/), Return on Assets Incentive Award Agreement (Occidental Petroleum Corp /De/)
Payment of Awards. Up to and including 200% of the Target Incentive Amount, as adjusted pursuant to Sections 4 and 6 of this Agreement, will be settled in cash only. Payment will be made to the Grantee as promptly as practicable after the Committee's ’s certification of the attainment of the Performance Goal or the Change in Control event, as the case may be, which, in the case of payment upon attainment of the Performance Goal, shall be made no later than the 15th day of the third month following the end of the first taxable year in which the award is no longer subject to a substantial risk of forfeiture.
Appears in 3 contracts
Samples: Return on Assets Incentive Award Agreement (Occidental Petroleum Corp /De/), Return on Assets Incentive Award Agreement (Occidental Petroleum Corp /De/), Return on Equity Incentive Award (Occidental Petroleum Corp /De/)
Payment of Awards. Up to and including 200% of the Target Incentive Amount, as adjusted pursuant to Sections 4 and 6 7 of this Agreement, will be settled in cash only. Payment will be made to the Grantee as promptly as practicable after the CommitteeAdministrator's certification of the attainment of the Performance Goal or the Change in Control eventEvent, as the case may be, which, in the case of payment upon attainment of the Performance Goal, shall be made no later than the 15th day of the third month following the end of the first taxable year in which the award is no longer subject to a substantial risk of forfeiture.
Appears in 1 contract
Samples: Return on Assets Incentive Award Agreement (Occidental Petroleum Corp /De/)
Payment of Awards. Up to and including 200% of the Target Incentive Amount, as adjusted pursuant to Sections 4 and 6 of this Agreement, will be settled in cash only. Payment will be made to the Grantee as promptly as practicable after the CommitteeAdministrator's certification of the attainment of the Performance Goal or the Change in Control eventEvent, as the case may be, which, in the case of payment upon attainment of the Performance Goal, shall be made no later than the 15th day of the third month following the end of the first taxable year in which the award is no longer subject to a substantial risk of forfeiture.
Appears in 1 contract
Samples: Return on Assets Incentive Award Agreement (Occidental Petroleum Corp /De/)
Payment of Awards. Up to and including 200% of the Target Incentive Amount, as adjusted pursuant to Sections 4 and 6 of this Agreement, will be settled in cash only. Payment will be made to the Grantee as promptly as practicable after the Committee's Administrator’s certification of the attainment of the Performance Goal or the Change in Control eventEvent, as the case may be, which, in the case of payment upon attainment of the Performance Goal, shall be made no later than the 15th day of the third month following the end of the first taxable year in which the award is no longer subject to a substantial risk of forfeiture.
Appears in 1 contract
Samples: Return on Equity Incentive Award (Occidental Petroleum Corp /De/)