Did you referred to this article?
another useful, http://software.intel.com/en-us/articles/openmp-support-change/
Thanks. Everything I have seen recommends dynamic linking with openmp (libiomp5md.lib).
The ipp custom build examples (which we followed) linked with openmp statically (libiomp5mt.lib), but I am going to try changing that to libiomp5md.lib so that we don't end up with two copies of the library, when mkl is used as well. I just wanted to make sure there is no reason that ipp has to be linked statically (libiomp5mt.lib).