Document:

Exhibit 10.8

 

Exhibit 10.8

INTEL CORPORATION

NONQUALIFIED STOCK OPTION AGREEMENT

UNDER THE 2004 EQUITY INCENTIVE PLAN

	1.	 	TERMS OF OPTION
	 
	 	 	This Nonqualified Stock Option Agreement (this “Agreement”), the Notice of Grant of Stock
Options delivered herewith (the “Notice of Grant”) and the Intel Corporation 2004 Equity
Incentive Plan (the “2004 Plan”), as such may be amended from time to time, set forth the
terms of your option identified in the Notice of Grant. As used herein, the “Corporation”
shall mean Intel Corporation and its Subsidiaries.
	 
	2.	 	SIGNATURE
	 
	 	 	If you fail to electronically sign this Agreement within 180 days of the Grant Date, the
options subject to your Notice of Grant will be cancelled, except as determined by the
Corporation in its sole discretion. Signing this agreement does not obligate you to
exercise the option or purchase any shares.
	 
	3.	 	NONQUALIFIED STOCK OPTION
	 
	 	 	This option is not intended to be an incentive stock option under Section 422 of the
Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted accordingly.
	 
	4.	 	OPTION PRICE
	 
	 	 	The exercise price of this option (the “option price”) is 100% of the market value of the
common stock of Intel Corporation (“Intel”), $.001 par value (the “Common Stock”), on the
date of grant, as specified in the Notice of Grant. “Market value” means the average of the
highest and lowest sales prices of the Common Stock as reported by NASDAQ.
	 
	5.	 	TERM OF OPTION AND EXERCISE OF OPTION
	 
	 	 	To the extent the option has become exercisable (vested) during the periods indicated in the
Notice of Grant and has not been previously exercised, and subject to termination or
acceleration as provided in this Agreement and the requirements of this Agreement, the
Notice of Grant and the 2004 Plan, you may
exercise the option to purchase up to the number of shares of the Common

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	 	 	Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 6 or Sections 8
through 11 hereof, no part of the option may be exercised after seven (7) years from the
date of grant.
	 
	 	 	The process for exercising the option (or any part thereof) is governed by this Agreement,
the Notice of Grant and the 2004 Plan and by your agreements with Intel’s stock plan
administrator. Exercises of stock options will be processed as soon as practicable. The
option price may be paid (a) in cash, (b) by arrangement with Intel’s stock plan
administrator which is acceptable to Intel where payment of the option price is made
pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds
from the sale of the shares of the Common Stock issuable under the option to Intel, (c) by
delivery of any other lawful consideration approved in advance by the Committee of the Board
of Directors of Intel established pursuant to the 2004 Plan (the “Committee”) or its
delegate, or (d) in any combination of the foregoing. Fractional shares may not be
exercised. Shares of the Common Stock will be issued as soon as practicable. You will have
the rights of a stockholder only after the shares of the Common Stock have been issued. For
administrative or other reasons, Intel may from time to time suspend the ability of
employees to exercise options for limited periods of time.
	 
	 	 	Notwithstanding the above, Intel shall not be obligated to deliver any shares of the Common
Stock if such delivery is prohibited by the laws of the U.S. or your country of residence or
employment. If such delivery is prohibited at the time that all or part of the option is
exercised, then such exercise may be made only in accordance with Intel’s “cashless
exercise” procedure, to the extent permitted under the laws of the United States and your
country of residence or employment.
	 
	 	 	Notwithstanding anything to the contrary in this Agreement or the applicable Notice of
Grant, Intel may reduce your unvested options if you change classification from a full-time
employee to a part-time employee.
	 
	6.	 	LEAVES OF ABSENCE

	 	 	 	(a) Except as expressly provided otherwise in this Agreement, if you take a personal leave
of absence (“PLOA”), the option will be exercisable only to the extent and during the times
specified in this Section 6:

	 	(1)	 	If the duration of the PLOA is 365 days or less, you may
exercise any part of the option that vested prior to the commencement of the
PLOA at any time during the PLOA. If the duration of the PLOA is greater than
365 days, any part of the option that had vested prior to the commencement of
the PLOA and that has not been exercised will terminate on the 365th
day of the PLOA.
	 
	 	(2)	 	If the duration of the PLOA is less than thirty (30) days:

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	 	a.	 	The exercisability of any part of the option
that would have vested during the PLOA shall be deferred until the
first day that you return to work (i.e., the date that the PLOA is
terminated); and
	 
	 	b.	 	Any part of the option that had not vested at
the commencement of the PLOA and would not have vested during the PLOA
will vest in accordance with the normal schedule indicated in the
Notice of Grant and shall not be affected by the PLOA.

	 	(3)	 	If the duration of the PLOA equals or exceeds thirty (30) days,
the exercisability of each part of the option scheduled to vest after
commencement of the PLOA shall be deferred for a period of time equal to the
duration of the PLOA. If you terminate employment after returning from the
PLOA but prior to the end of such deferral period, you shall have no right to
exercise any unvested portion of the option, except to the extent provided
otherwise in Sections 9 through 11 hereof, and such option shall terminate as
of the date that your employment terminates.
	 
	 	(4)	 	If you terminate employment with the Corporation during a PLOA:

	 	a.	 	Any portions of the option that had vested
prior to the commencement of the PLOA shall be exercisable in
accordance with Sections 8 through 11 hereof, as applicable; and
	 
	 	b.	 	Any portions of the option that had not vested
prior to the commencement of the PLOA shall terminate, except to the
extent provided otherwise in Sections 9 through 11 hereof.

	 	(b)	 	If you take an approved Leave of Absence (“LOA”) other than a PLOA under Intel
Leave Guidelines, the vesting of your options shall be unaffected by such absence and
will vest in accordance with the schedule set forth in the Notice of Grant.

	7.	 	SUSPENSION OR TERMINATION OF OPTION FOR MISCONDUCT
	 
	 	 	If you have allegedly committed an act of misconduct as defined in the 2004 Plan, including,
but not limited to, embezzlement, fraud, dishonesty, unauthorized disclosure of trade
secrets or confidential information, breach of fiduciary duty or nonpayment of an obligation
owed to the Corporation, an Authorized Officer, as defined in the 2004 Plan, may suspend
your right to exercise the option, pending a decision by the Committee (or Board of
Directors, as the case may be) or an Authorized Officer to terminate the option. The option cannot be
exercised during such suspension or after such termination.

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	8.	 	TERMINATION OF EMPLOYMENT
	 
	 	 	Except as expressly provided otherwise in this Agreement, if your employment by the
Corporation terminates for any reason, whether voluntarily or involuntarily, other than
death, Disablement (defined below), Retirement (defined below) or discharge for misconduct,
you may exercise any portion of the option that had vested on or prior to the date of
termination at any time prior to ninety (90) days after the date of such termination. The
option shall terminate on the 90th day to the extent that it is unexercised. All
unvested stock options shall be cancelled on the date of employment termination, regardless
of whether such employment termination is voluntary or involuntary.
	 
	 	 	For purposes of this Section 8, your employment is not deemed terminated if, prior to sixty
(60) days after the date of termination from the Corporation, you are rehired by Intel or a
Subsidiary on a basis that would make you eligible for future Intel stock option grants, nor
would your transfer from Intel to any Subsidiary or from any one Subsidiary to another, or
from a Subsidiary to Intel be deemed a termination of employment. Further, your employment
with any partnership, joint venture or corporation not meeting the requirements of a
Subsidiary in which Intel or a Subsidiary is a party shall be considered employment for
purposes of this provision if either (a) the entity is designated by the Committee as a
Subsidiary for purposes of this provision or (b) you are designated as an employee of a
Subsidiary for purposes of this provision.
	 
	9.	 	DEATH
	 
	 	 	Except as expressly provided otherwise in this Agreement, if you die while employed by the
Corporation, the executor of your will, administrator of your estate or any successor
trustee of a grantor trust may exercise the option, to the extent not previously exercised
and whether or not vested on the date of death, at any time prior to 365 days from the date
of death.
	 
	 	 	Except as expressly provided otherwise in this Agreement, if you die prior to ninety (90)
days after termination of your employment with the Corporation, the executor of your will or
administrator of your estate may exercise the option, to the extent not previously exercised
and to the extent the option had vested on or prior to the date of your employment
termination, at any time prior to 365 days from the date of your employment termination.
	 
	 	 	The option shall terminate on the applicable expiration date described in this Section 9, to
the extent that it is unexercised.
	 
	10.	 	DISABILITY
	 
	 	 	Except as expressly provided otherwise in this Agreement, following your termination of
employment due to Disablement, you may exercise the option, to the extent not previously
exercised and whether or not the option had vested on

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or prior to the date of employment
termination, at any time prior to 365 days from the date of determination of your
Disablement as described in this Section 10; provided, however, that while the claim of
Disablement is pending, options that were unvested at termination of employment may not be
exercised and options that were vested at termination of employment may be exercised only
during the period set forth in Section 8 hereof. The option shall terminate on the 365th
day from the date of determination of Disablement, to the extent that it is unexercised.
For purposes of this Agreement, “Disablement” shall be determined in accordance with the
standards and procedures of the then-current Long Term Disability Plan maintained by the
Corporation or the Subsidiary that employs you, and in the event you are not a participant
in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary
that employs you, “Disablement” shall have the same meaning as disablement is defined in the
Intel Long Term Disability Plan, which is generally a physical condition arising from an
illness or injury, which renders an individual incapable of performing work in any
occupation, as determined by the Corporation.

	11. 	RETIREMENT
	 
	  	For purposes of this Agreement, “Retirement” shall mean either Standard Retirement (as
defined below) or the Rule of 75 (as defined below). Following your Retirement, the vesting
of the option, to the extent that it had not vested on or prior to the date of your
Retirement, shall be accelerated as follows:

	 	(a)	 	If you retire at or after age 60 (“Standard Retirement”), you will receive one
year of additional vesting from your date of Retirement for every five (5) years that
you have been employed by the Corporation (measured in complete, whole years). No
vesting acceleration shall occur for any periods of employment of less than five (5)
years; or
	 
	 	(b)	 	If, when you terminate employment with the Corporation, your age plus years of
service (in each case measured in complete, whole years) equals or exceeds 75 (“Rule of
75”), you will receive accelerated vesting of any portion of the option that would have
vested prior to 365 days from the date of your Retirement.

	  	You will receive vesting acceleration pursuant to either Standard Retirement or the Rule of
75, but not both. Except as expressly provided otherwise in this Agreement, following your
Retirement from the Corporation, you may exercise the option at any time prior to 365 days
from the date of your Retirement, to the extent that it had vested as of the date of your
Retirement or to the extent that
vesting of the option is accelerated pursuant to this Section 11. The option shall
terminate on the 365th day from your date of Retirement, to the extent that it is
unexercised.
	 
	12. 	INCOME TAXES WITHHOLDING

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	 	 	You will be subject to taxation in accordance with the tax laws of the country where you are
resident or employed. If you are an U.S. citizen or expatriate, you may also be subject to
U.S. tax laws. To the extent required by applicable federal, state, local or foreign law,
you shall make arrangements satisfactory to Intel or the Subsidiary that employs you for the
satisfaction of any withholding tax obligations that arise by reason of an option exercise
or any sale of shares of the Common Stock. Intel shall not be required to issue shares of
the Common Stock or to recognize any purported transfer of shares of the Common Stock until
such obligations are satisfied. The Committee may permit these obligations to be satisfied
by having Intel withhold a portion of the shares of the Common Stock that otherwise would be
issued to you upon exercise of the option, or to the extent permitted by the Committee, by
tendering shares of the Common Stock previously acquired.
	 
	13.	 	NON-TRANSFERABILITY OF OPTION
	 
	 	 	You may not assign or transfer this option to anyone except pursuant to your will or upon
your death to your beneficiaries. The transferability of options is subject to any
applicable laws of your country of residence or employment.
	 
	14.	 	DISPUTES
	 
	 	 	The Committee or its delegate shall finally and conclusively determine any disagreement
concerning your option.
	 
	15.	 	AMENDMENTS
	 
	 	 	The 2004 Plan and the option may be amended or altered by the Committee or the Board of
Directors of Intel to the extent provided in the 2004 Plan.
	 
	16.	 	DATA PRIVACY
	 
	 	 	You explicitly and unambiguously consent to the collection, use and transfer, in electronic
or other form, of your personal data as described in this document by the Corporation for
the exclusive purpose of implementing, administering and managing your participation in the
2004 Plan.
	 
	 	 	You hereby understand that the Corporation holds certain personal information about you,
including, but not limited to, your name, home address and telephone number, date of birth,
social insurance number or
other identification number, salary, nationality, job title, any shares of stock or
directorships held in the Corporation, details of all options or any other entitlement to
shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor,
for the purpose of implementing, administering and managing the 2004 Plan (“Data”). You
hereby understand that Data may be transferred to any third parties assisting in

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	 	 	the implementation, administration and management of the 2004 Plan, that these recipients may be
located in your country or elsewhere, and that the recipient’s country may have different
data privacy laws and protections than your country. You hereby understand that you may
request a list with the names and addresses of any potential recipients of the Data by
contacting your local human resources representative. You authorize the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the
purposes of implementing, administering and managing your participation in the 2004 Plan,
including any requisite transfer of such Data as may be required to a broker or other third
party with whom you may elect to deposit any shares of Common Stock acquired under your
options. You hereby understand that Data will be held only as long as is necessary to
implement, administer and manage your participation in the 2004 Plan. You hereby understand
that you may, at any time, view Data, request additional information about the storage and
processing of Data, require any necessary amendments to Data or refuse or withdraw the
consents herein, in any case without cost, by contacting in writing your local human
resources representative. You hereby understand, however, that refusing or withdrawing your
consent may affect your ability to participate in the 2004 Plan. For more information on
the consequences of your refusal to consent or withdrawal of consent, you hereby understand
that you may contact the human resources representative responsible for your country at the
local or regional level.
	 
	17.	 	THE 2004 PLAN AND OTHER AGREEMENTS; OTHER MATTERS

	 	(a)	 	The provisions of this Agreement and the 2004 Plan are incorporated into the
Notice of Grant by reference. You hereby acknowledge that a copy of the 2004 Plan has
been made available to you. Certain capitalized terms used in this Agreement are
defined in the 2004 Plan.
	 
	 	 	 	This Agreement, the Notice of Grant and the 2004 Plan constitute the entire
understanding between you and the Corporation regarding the option. Any prior
agreements, commitments or negotiations concerning the option are superseded.
	 
	 	 	 	The grant of an option to an employee in any one year, or at any time, does not
obligate Intel or any Subsidiary to make a grant in any future year or in any given
amount and should not create an expectation that Intel or any Subsidiary might make
a grant in any future year or in any given amount.
	 
	 	(b)	 	Options are not part of your employment contract (if any) with the Corporation,
your salary, your normal or expected compensation, or other

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	 	 	 	remuneration for any
purposes, including for purposes of computing severance pay or other termination
compensation or indemnity.
	 
	 	(c)	 	Notwithstanding any other provision of this Agreement, if any changes in the
financial or tax accounting rules applicable to the options covered by this Agreement
shall occur which, in the sole judgment of the Committee, may have an adverse effect on
the reported earnings, assets or liabilities of the Corporation, the Committee may, in
its sole discretion, modify this Agreement or cancel and cause a forfeiture with
respect to any unvested options at the time of such determination.
	 
	 	(d)	 	Nothing contained in this Agreement creates or implies an employment contract
or term of employment upon which you may rely.
	 
	 	(e)	 	To the extent that the option refers to the Common Stock of Intel, and as
required by the laws of your country of residence or employment, only authorized but
unissued shares thereof shall be utilized for delivery upon exercise by the holder in
accord with the terms hereof.
	 
	 	(f)	 	Because this Agreement relates to terms and conditions under which you may
purchase Common Stock of Intel, a Delaware corporation, an essential term of this
Agreement is that it shall be governed by the laws of the State of Delaware, without
regard to choice of law principles of Delaware or other jurisdictions. Any action,
suit, or proceeding relating to this Agreement or the option granted hereunder shall be
brought in the state or federal courts of competent jurisdiction in the State of
California.

By your electronic signature, you and Intel Corporation agree that the options identified in your
Notice of Grant are governed by the terms of this Agreement, the Notice of Grant, and the 2004
Plan. You further acknowledge that you have read and understand the terms of the options set forth
in this Agreement.

FAILURE TO ELECTRONICALLY SIGN WITHIN 180 DAYS OF THE GRANT DATE WILL RESULT IN CANCELLATION OF THE
OPTIONS (SEE SECTION 2 OF THIS AGREEMENT).

8.Exhibit 10.9

 

Exhibit 10.9

INTEL CORPORATION

2004 EQUITY INCENTIVE PLAN

STANDARD TERMS AND CONDITIONS RELATING TO 

RESTRICTED STOCK UNITS 

GRANTED UNDER THE INTEL CORPORATION 2004 EQUITY INCENTIVE PLAN

(FOR GRANTS UNDER THE ELTSOP PROGRAM)

	1.	 	TERMS OF RESTRICTED STOCK UNIT
	 
	 	 	Unless provided otherwise in the Notice of Grant, these standard terms and conditions
(“Standard Terms”) apply to Restricted Stock Units (“RSUs”) granted to you, a U.S. employee,
under the Intel Corporation 2004 Equity Incentive Plan (the “2004 Plan”). Your Notice of
Grant, these Standard Terms and the 2004 Plan constitute the entire understanding between
you and Intel Corporation (the “Corporation”) regarding the RSUs identified in your Notice
of Grant.
	 
	2.	 	VESTING OF RSUs
	 
	 	 	Provided that you remain continuously employed by the Corporation or a Subsidiary on a full
time basis from the Grant Date specified in the Notice of Grant through each vesting date
specified in the Notice of Grant, the RSUs shall vest and be converted into the right to
receive the number of shares of the Corporation’s Common Stock, $.001 par value (the “Common
Stock”), specified on the Notice of Grant with respect to such vesting date, except as
otherwise provided in these Standard Terms. If a vesting date falls on a weekend or any
other day on which the NASDAQ Stock Market (“NASDAQ”) is not open, affected RSUs shall vest
on the next following NASDAQ business day. The number of shares of Common Stock into which
RSUs convert as specified in the Notice of Grant shall be adjusted for stock splits and
similar matters as specified in and pursuant to the 2004 Plan.
	 
	 	 	RSUs will vest to the extent provided in and in accordance with the terms of the Notice of
Grant and these Standard Terms. If your status as an Employee terminates for any reason
except death, or Disablement (defined below), prior to the vesting dates set forth in your
Notice of Grant, your unvested RSUs will be cancelled.
	 
	3.	 	CONVERSION INTO COMMON STOCK
	 
	 	 	Shares of Common Stock will be issued or become free of restrictions as soon as practicable
following vesting of the RSUs, provided that you have satisfied your tax withholding
obligations as specified under Section 9 of these Standard Terms and you have completed, signed and returned any documents and taken

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	 	 	any additional
action that the Corporation deems appropriate to enable it to accomplish the delivery of the shares of Common Stock. The shares of Common Stock will be issued in your name or, in the
event of your death or Disablement, to your executor or personal representative, and may be
effected by recording shares on the stock records of the Corporation or by crediting shares
in an account established on your behalf with a brokerage firm or other custodian, in each
case as determined by the Corporation. In no event will the Corporation be obligated to
issue a fractional share.

	 	 	Notwithstanding the foregoing, (i) the Corporation shall
not be obligated to deliver any shares of the Common Stock during any period when the Corporation determines that the
conversion of a RSU or the delivery of shares hereunder would violate any federal, state or
other applicable laws and/or may issue shares subject to any restrictive legends that, as
determined by the Corporation’s counsel, is necessary to comply with securities or other
regulatory requirements, and (ii) the date on which shares are issued may include a delay in
order to provide the Corporation such time as it determines appropriate to address tax
withholding and other administrative matters.
	 
	4.	 	LEAVES OF ABSENCE

	 	(a)	 	Except as expressly provided otherwise in these Standard Terms, if you take a
personal leave of absence under the Intel Leave Guidelines (“PLOA”), your RSUs will
vest only to the extent and during the times specified in this Section 4:

	 	(1)	 	If the duration of the PLOA is less than thirty (30) days:

	 	a)	 	The vesting date set forth in your Notice of
Grant for any RSUs that (but for this provision) would have vested
during the PLOA shall be deferred until the first day that you return
to work (i.e., the date that the PLOA is terminated) or, if you return
on a day that the NASDAQ is not open, the next following NASDAQ
business day; and
	 
	 	b)	 	The vesting date set forth in your Notice of
Grant for any RSUs that are scheduled to vest following the date that
the PLOA is terminated shall not be affected by the PLOA.

	 	(2)	 	If the duration of the PLOA equals or exceeds thirty (30) days,
the vesting dates set forth in your Notice of Grant for any RSUs that follow
the commencement of the PLOA shall be deferred beyond the dates set forth in
the Notice of Grant by a period of time equal to the duration of the PLOA.
	 
	 	(3)	 	If you terminate employment with the Corporation during a PLOA,
then in addition to the effect on the vesting dates set forth in clause

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	 	 	 	(a)(1)and (a)(2) of this Section 4, any RSUs that had not vested prior to the
commencement of the PLOA shall be cancelled as of the date of your termination
of employment, as applicable, except to the extent provided otherwise in
Sections 7 through 9 hereof.

	 	(b)	 	If you take an approved Leave of Absence other than a PLOA under Intel Leave
Guidelines, the vesting of RSUs shall be unaffected by such absence and will vest in
accordance with the schedule set forth in the Notice of Grant.

	5.	 	SUSPENSION OR TERMINATION OF RSU FOR MISCONDUCT
	 
	 	 	If at any time the Committee of the Board of Directors of the Corporation established
pursuant to the 2004 Plan (the “Committee”), including any Subcommittee or “Authorized
Officer” (as defined in Section 8(a)(v) of the 2004 Plan) notifies the Corporation that they
reasonably believe that you have committed an act of misconduct as described in Section
8(a)(v) of the 2004 Plan (embezzlement, fraud, dishonesty, nonpayment of any obligation owed
to the Corporation, breach of fiduciary duty or deliberate disregard of Corporation rules
resulting in loss, damage or injury to the Corporation, an unauthorized disclosure of any
Corporation trade secret or confidential information, any conduct constituting unfair
competition, inducing any customer to breach a contract with the Corporation or inducing any
principal for whom the Corporation acts as agent to terminate such agency relationship), the
vesting of your RSUs may be suspended pending a determination of whether an act of
misconduct has been committed. If the Corporation determines that you have committed an act
of misconduct, all RSUs not vested as of the date the Corporation was notified that you may
have committed an act of misconduct shall be cancelled and neither you nor any beneficiary
shall be entitled to any claim with respect to the RSUs whatsoever. Any determination by the
Committee or an Authorized Officer with respect to the foregoing shall be final, conclusive,
and binding on all interested parties.
	 
	6.	 	TERMINATION OF EMPLOYMENT
	 
	 	 	Except as expressly provided otherwise in these Standard Terms, if your employment by the
Corporation terminates for any reason, whether voluntarily or involuntarily, other than on
account of death, or Disablement (defined below), all RSUs not then vested shall be
cancelled on the date of employment termination regardless of whether such employment
termination is as a result of a divestiture or otherwise. For purposes of this Section 6,
your employment with any partnership, joint venture or corporation not meeting the
requirements of a Subsidiary in which the Corporation or a Subsidiary is a party shall be
considered employment for purposes of this provision if either (a) the entity is
designated by the Committee as a Subsidiary for purposes of this provision or (b) you are
specifically designated as an employee of a Subsidiary for purposes of this provision.

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	 	 	For purposes of this provision, your employment is not deemed terminated if, prior to sixty
(60) days after the date of termination from the Corporation or a Subsidiary, you are
rehired by the Corporation or a Subsidiary on a basis that would make you eligible for
future Intel RSU grants, nor would your transfer from the Corporation to any Subsidiary or
from any one Subsidiary to another, or from a Subsidiary to the Corporation be deemed a
termination of employment.

	7.	 	DEATH
	 
	 	 	Except as expressly provided otherwise in these Standard Terms, if you die while employed by
the Corporation, your RSUs will become one hundred percent (100%) vested.
	 
	8.	 	DISABILITY
	 
	 	 	Except as expressly provided otherwise in these Standard Terms and upon your termination of
employment as a result of a determination of Disablement, your RSUs will become one hundred
percent (100%) vested.
	 
	 	 	For purposes of this Section 8, “Disablement” shall be determined in accordance with the
standards and procedures of the then-current Long Term Disability Plan maintained by the
Corporation or the Subsidiary that employs you, and in the event you are not a participant
in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary
that employs you, “Disablement” shall have the same meaning as disablement is defined in the
Intel Long Term Disability Plan, which is generally a physical condition arising from an
illness or injury, which renders an individual incapable of performing work in any
occupation, as determined by the Corporation.
	 
	9.	 	TAX WITHHOLDING
	 
	 	 	RSUs are taxable upon vesting based on the market value on the date of vesting. To the
extent required by applicable federal, state or other law, you shall make arrangements
satisfactory to the Corporation for the payment and satisfaction of any income tax, social
security tax, payroll tax, payment on account or other tax related to withholding
obligations that arise by reason of vesting of a RSU and, if applicable, any sale of shares
of the Common Stock. The Corporation shall not be required to issue or lift any
restrictions on shares of the Common Stock pursuant to your RSUs or to recognize any
purported transfer of shares of the Common Stock until such obligations are satisfied.
	 
	 	 	Unless provided otherwise by the Committee, these obligations will be satisfied by the
Corporation withholding a number of shares of Common Stock that would
otherwise be issued under the RSUs that the Corporation determines has a Market Value
sufficient to meet the tax withholding obligations. In the event that the Committee
provides that these obligations will not be satisfied under the method described in the
previous sentence, you authorize UBS Financial

 4.

 

	 	 	Services Inc., or any successor plan administrator, to sell a number of shares of Common Stock that are issued under the RSUs,
which the Corporation determines is sufficient to generate an amount that meets the tax
withholding obligations plus additional shares to account for rounding and market
fluctuations, and to pay such tax withholding to the Corporation. The shares may be sold as
part of a block trade with other participants of the 2004 Plan in which all participants
receive an average price. For this purpose, “Market Value” will be calculated as the
average of the highest and lowest sales prices of the Common Stock as reported by NASDAQ on
the day your RSUs vest. The future value of the underlying shares of Common Stock is
unknown and cannot be predicted with certainty.
	 
	 	 	You are ultimately liable and responsible for all taxes owed by you in connection with your
RSUs, regardless of any action the Corporation takes or any transaction pursuant to this
Section 9 with respect to any tax withholding obligations that arise in connection with the
RSUs. The Corporation makes no representation or undertaking regarding the treatment of any
tax withholding in connection with the grant, issuance, vesting or settlement of the RSUs or
the subsequent sale of any of the shares of Common Stock underlying the RSUs that vest. The
Corporation does not commit and is under no obligation to structure the RSU program to
reduce or eliminate your tax liability.
	 
	10.	 	RIGHTS AS A STOCKHOLDER AND RESTRICTIONS
	 
	 	 	Your RSUs may not be otherwise transferred or assigned, pledged, hypothecated or otherwise
disposed of in any way, whether by operation of law or otherwise, and may not be subject to
execution, attachment or similar process. Any attempt to transfer, assign, hypothecate or
otherwise dispose of your RSUs other than as permitted above, shall be void and
unenforceable against the Corporation.
	 
	 	 	You will have the rights of a stockholder only after shares of the Common Stock have been
issued to you following vesting of your RSUs and satisfaction of all other conditions to the
issuance of those shares as set forth in these Standard Terms. RSUs shall not entitle you
to any rights of a stockholder of Common Stock and there are no voting or dividend rights
with respect to your RSUs. RSUs shall remain terminable pursuant to these Standard Terms at
all times until they vest and convert into shares. As a condition to having the right to
receive shares of Common Stock pursuant to your RSUs, you acknowledge that unvested RSUs
shall have no value for purposes of any aspect of your employment relationship with the
Corporation.
	 
	 	 	Notwithstanding anything to the contrary in these Standard Terms or the applicable Notice of
Grant, your RSUs are subject to reduction by the Corporation if you change your employment
classification from a full-time employee to a part-time employee.

 5.

 

	 	 	RSUs are not part of your employment contract (if any) with the Corporation, your salary,
your normal or expected compensation, or other remuneration for any purposes, including for
purposes of computing severance pay or other termination compensation or indemnity.
	 
	11.	 	DISPUTES
	 
	 	 	Any question concerning the interpretation of these Standard Terms, your Notice of Grant,
the RSUs or the 2004 Plan, any adjustments required to be made thereunder, and any
controversy that may arise under the Standard Terms, your Notice of Grant, the RSUs or the
2004 Plan shall be determined by the Committee (including any person(s) to whom the
Committee has delegated its authority) in its sole and absolute discretion. Such decision
by the Committee shall be final and binding unless determined pursuant to Section 13(f) to
have been arbitrary and capricious.
	 
	12.	 	AMENDMENTS
	 
	 	 	The 2004 Plan and RSUs may be amended or altered by the Committee or the Board of Directors
of the Corporation to the extent provided in the 2004 Plan.
	 
	13.	 	THE 2004 PLAN AND OTHER TERMS; OTHER MATTERS

	 	(a)	 	Certain capitalized terms used in these Standard Terms are defined in the 2004
Plan. Any prior agreements, commitments or negotiations concerning the RSUs are
superseded by these Standard Terms and your Notice of Grant.
	 
	 	 	 	The grant of RSUs to an employee in any one year, or at any time, does not obligate
the Corporation or any Subsidiary to make a grant in any future year or in any given
amount and should not create an expectation that the Corporation or any Subsidiary
might make a grant in any future year or in any given amount.
	 
	 	(b)	 	To the extent that the grant of RSUs refers to the Common Stock of Intel
Corporation, and as required by the laws of your country of residence or employment,
only authorized but unissued shares thereof shall be utilized for delivery upon vesting
in accord with the terms hereof.
	 
	 	(c)	 	Notwithstanding any other provision of these Standard Terms, if any changes in
the financial or tax accounting rules applicable to the RSUs covered by these Standard
Terms shall occur which, in the sole judgment
of the Committee, may have an adverse effect on the reported earnings, assets or
liabilities of the Corporation, the Committee may, in its sole discretion, modify
these Standard Terms or cancel and cause a forfeiture with respect to any unvested
RSUs at the time of such determination.

 6.

 

	 	(d)	 	Nothing contained in these Standard Terms creates or implies an employment
contract or term of employment upon which you may rely.
	 
	 	(e)	 	Notwithstanding any provision of these Standard Terms, the Notice of Grant or
the 2004 Plan to the contrary, if, at the time of your termination of employment with
the Corporation, you are a “specified employee” as defined in Section 409A of the
Internal Revenue Code (“Code”), and one or more of the payments or benefits received or
to be received by you pursuant to the RSUs would constitute deferred compensation
subject to Section 409A, no such payment or benefit will be provided under the RSUs
until the earliest of (A) the date which is six (6) months after your “separation from
service” for any reason, other than death or “disability” (as such terms are used in
Section 409A(a)(2) of the Code), (B) the date of your death or “disability” (as such
term is used in Section 409A(a)(2)(C) of the Code) or (C) the effective date of a
“change in the ownership or effective control” of the Corporation (as such term is used
in Section 409A(a)(2)(A)(v) of the Code). The provisions of this Section 13(e) shall
only apply to the extent required to avoid your incurrence of any penalty tax or
interest under Section 409A of the Code or any regulations or Treasury guidance
promulgated thereunder. In addition, if any provision of the RSUs would cause you to
incur any penalty tax or interest under Section 409A of the Code or any regulations or
Treasury guidance promulgated thereunder, the Corporation may reform such provision to
maintain to the maximum extent practicable the original intent of the applicable
provision without violating the provisions of Section 409A of the Code.
	 
	 	(f)	 	Because these Standard Terms relate to terms and conditions under which you may
be issued shares of Common Stock of Intel Corporation, a Delaware corporation, an
essential term of these Standard Terms is that it shall be governed by the laws of the
State of Delaware, without regard to choice of law principles of Delaware or other
jurisdictions. Any action, suit, or proceeding relating to these Standard Terms or the
RSUs granted hereunder shall be brought in the state or federal courts of competent
jurisdiction in the State of California.

 7.

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