Attached files

file filename
EX-12 - RATIO OF EARNINGS TO FIXED CHARGES - California Resources Corpye2015exhibit12.htm
EX-10.18 - EXHIBIT 10.18 - California Resources Corpye2015exhibit1018savingspl.htm
EX-31.2 - CERTIFICATION OF CFO - California Resources Corpye2015exhibit312.htm
EX-31.1 - CERTIFICATION OF CEO - California Resources Corpye2015exhibit311.htm
EX-32.1 - CERTIFICATIONS OF CEO AND CFO - California Resources Corpye2015exhibit321.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - California Resources Corpye2015exhibit231-consentof.htm
EX-23.2 - CONSENT OF INDEPENDENT PETROLEUM ENGINEERS - California Resources Corpye2015exhibit232-consentof.htm
10-K - 10-K - California Resources Corpa10kworddocument12312015.htm
EX-99.1 - EXHIBIT 99.1 - California Resources Corpye2015exhibit991ryderscott.htm
EX-21 - LIST OF SUBSIDIARIES - California Resources Corpexhibit21-listofsubsidiari.htm






Date:        February 16, 2016

To:        William E. Albrecht

From:        Dan Watts

Re:        Amendment to Long-Term Incentive Award Terms


On February 10, 2016, the Compensation Committee of the Board of Directors approved amendment of the terms of the following unvested long-term incentive award(s) (“Award(s)”), to provide that you will be deemed to be in the employment of the Company for purposes of these awards for so long as you are serving as a member of the Board:

Restricted Stock Incentive Award granted on December 1, 2014 as a substitute for the Total Shareholder Return Incentive Award granted by Occidental on July 22, 2013
Restricted Stock Incentive Award granted on December 1, 2014 as a substitute for the Restricted Stock Incentive Award granted by Occidental on July 22, 2013
Restricted Stock Incentive Awards granted on December 1, 2014 as a substitute for the Return on Assets Incentive Awards granted by Occidental on July 22, 2013
Restricted Stock Incentive Award granted on December 1, 2014 as a substitute for the Restricted Stock Incentive Award granted by Occidental on July 9, 2014
Stock Option Award granted on December 1, 2014
Restricted Stock Unit Award granted on August 5, 2015
Performance Stock Unit Award granted on August 5, 2015
Stock Option Award granted on August 5, 2015


All other terms of these awards will remain unchanged. Please acknowledge your consent to the amendments.
 
I hereby acknowledge my consent to the amended terms of the applicable Terms and Conditions for the Award(s).


_/s/ William E. Albrecht_____
William E. Albrecht

_2/19/2016______________
Date