Document:

EXHIBIT 10.1

                        INTEL CORPORATION
                   2004 EQUITY INCENTIVE PLAN
         AS AMENDED AND RESTATED, EFFECTIVE MAY 18, 2005

1. PURPOSE

      The purpose of this Intel Corporation 2004 Equity Incentive
Plan   (the  "Plan")  is  to  advance  the  interests  of   Intel
Corporation,   a  Delaware  corporation,  and  its   Subsidiaries
(hereinafter  collectively  "Intel"  or  the  "Corporation"),  by
stimulating  the  efforts of employees who  are  selected  to  be
participants on behalf of Intel, aligning the long-term interests
of  participants  with  those  of stockholders,  heightening  the
desire  of  participants  to  continue  in  working  toward   and
contributing  to  the  success  of  Intel,  assisting  Intel   in
competing effectively with other enterprises for the services  of
new   employees  necessary  for  the  continued  improvement   of
operations,  and  to  attract  and  retain  the  best   available
individuals  for  service as directors of the  Corporation.  This
Plan  permits  the  grant  of stock options,  stock  appreciation
rights, restricted stock and stock units, each of which shall  be
subject  to  such  conditions  based upon  continued  employment,
passage of time or satisfaction of performance criteria as  shall
be specified pursuant to the Plan.

2. DEFINITIONS

      (a) "Award" means a stock option, stock appreciation right,
restricted stock or stock unit granted to a Participant  pursuant
to the Plan.

     (b) "Board of Directors" means the Board of Directors of the
Corporation.

      (c) "Code" shall mean the Internal Revenue Code of 1986, as
such is amended from time to time, and any reference to a section
of the Code shall include any successor provision of the Code.

      (d)  "Committee" shall mean the committee appointed by  the
Board of Directors from among its members to administer the  Plan
pursuant to Section 3.

     (e) "Exchange Act" shall mean the Securities Exchange Act of
1934,  as  amended  from time to time, and  any  reference  to  a
section of the Exchange Act shall include any successor provision
of the Exchange Act.

      (f) "Outside Director" shall mean a member of the Board  of
Directors who is not otherwise an employee of the Corporation.

      (g)  "Participants"  shall mean those individuals  to  whom
Awards  have  been granted from time to time and  any  authorized
transferee of such individuals.

      (h) "Performance Award" means an Award that vests only upon
the  satisfaction  of  one or more of the Qualifying  Performance
Criteria specified in Section 10(b).

<PAGE>

       (i)  "Plan"  means  this  Intel  Corporation  2004  Equity
Incentive Plan.

      (j)  "Share" shall mean a share of common stock, $.001  par
value,  of  the Corporation or the number and kind of  shares  of
stock  or other securities which shall be substituted or adjusted
for such shares as provided in Section 11.

      (k)  "Subsidiary" means any corporation or entity in  which
Intel Corporation owns or controls, directly or indirectly, fifty
percent  (50%) or more of the voting power or economic  interests
of such corporation or entity.

3. ADMINISTRATION

       (a)   Composition  of  Committee.  This  Plan   shall   be
administered by the Committee. The Committee shall consist of two
or  more Outside Directors who shall be appointed by the Board of
Directors.  The  Board of Directors shall fill vacancies  on  the
Committee and may from time to time remove or add members of  the
Committee.  The  Board of Directors, in its sole discretion,  may
exercise any authority of the Committee under this Plan  in  lieu
of  the  Committee's  exercise thereof,  and  in  such  instances
references  herein to the Committee shall refer to the  Board  of
Directors.

       (b)  Delegation  and  Administration.  The  Committee  may
delegate to one or more separate committees (any such committee a
"Subcommittee")  composed  of  one  or  more  directors  of   the
Corporation  (who may but need not be members of  the  Committee)
the  ability to grant Awards and take the other actions described
in  Section  3(c)  with  respect  to  Participants  who  are  not
executive  officers, and such actions shall be  treated  for  all
purposes  as  if taken by the Committee. Any action by  any  such
Subcommittee within the scope of such delegation shall be  deemed
for  all  purposes  to  have been taken  by  the  Committee,  and
references in this Plan to the Committee shall include  any  such
Subcommittee.  The  Committee may delegate the administration  of
the  Plan to an officer or officers of the Corporation, and  such
administrator(s) may have the authority to execute and distribute
agreements  or other documents evidencing or relating  to  Awards
granted  by  the  Committee under this Plan, to maintain  records
relating   to   the  grant,  vesting,  exercise,  forfeiture   or
expiration  of  Awards,  to process or oversee  the  issuance  of
Shares  upon the exercise, vesting and/or settlement of an Award,
to  interpret the terms of Awards and to take such other  actions
as  the Committee may specify, provided that in no case shall any
such  administrator be authorized to grant Awards under the Plan.
Any  action  by any such administrator within the  scope  of  its
delegation shall be deemed for all purposes to have been taken by
the  Committee and references in this Plan to the Committee shall
include  any  such administrator, provided that the  actions  and
interpretations  of any such administrator shall  be  subject  to
review   and  approval,  disapproval  or  modification   by   the
Committee.

      (c)  Powers  of  the  Committee.  Subject  to  the  express
provisions and limitations set forth in this Plan, the  Committee
shall  be authorized and empowered to do all things necessary  or
desirable,  in  its  sole  discretion,  in  connection  with  the
administration  of this Plan, including, without limitation,  the
following:

<PAGE>

           (i)to   prescribe,   amend  and  rescind   rules   and
           regulations relating to this Plan and to define  terms
           not otherwise defined herein;

           (ii)     to  determine which persons are Participants,
           to  which  of such Participants, if any, Awards  shall
           be  granted  hereunder  and the  timing  of  any  such
           Awards, and to grant Awards;

           (iii)    to grant Awards to Participants and determine
           the   terms  and  conditions  thereof,  including  the
           number  of  Shares subject to Awards and the  exercise
           or   purchase   price   of   such   Shares   and   the
           circumstances  under which Awards  become  exercisable
           or  vested or are forfeited or expire, which terms may
           but  need not be conditioned upon the passage of time,
           continued  employment, the satisfaction of performance
           criteria, the occurrence of certain events,  or  other
           factors;

           (iv)      to   establish  or  verify  the  extent   of
           satisfaction  of  any  performance  goals   or   other
           conditions   applicable  to   the   grant,   issuance,
           exercisability, vesting and/or ability to  retain  any
           Award;

           (v)to  prescribe and amend the terms of the agreements
           or  other documents evidencing Awards made under  this
           Plan (which need not be identical);

           (vi)     to  determine  whether,  and  the  extent  to
           which,  adjustments are required pursuant  to  Section
           11;

           (vii)    to  interpret  and construe  this  Plan,  any
           rules  and  regulations under this Plan and the  terms
           and conditions of any Award granted hereunder, and  to
           make  exceptions to any such provisions in good  faith
           and for the benefit of the Corporation; and

           (viii)    to  make  all  other  determinations  deemed
           necessary or advisable for the administration of  this
           Plan.

     (d) Effect of Change in Status. The Committee shall have the
discretion  to  determine the effect upon an Award  and  upon  an
individual's  status  as an employee under  the  Plan  (including
whether  a  Participant  shall be deemed to  have  experienced  a
termination of employment or other change in status) and upon the
vesting, expiration or forfeiture of an Award in the case of  (i)
any  individual who is employed by an entity that ceases to be  a
Subsidiary of the Corporation, (ii) any leave of absence approved
by  the  Corporation or a Subsidiary, (iii) any transfer  between
locations  of employment with the Corporation or a Subsidiary  or
between  the  Corporation  and  any  Subsidiary  or  between  any
Subsidiaries, (iv) any change in the Participant's status from an
employee to a consultant or member of the Board of Directors,  or
vice  versa,  and  (v)  at the request of the  Corporation  or  a
Subsidiary, any employee who becomes employed by any partnership,
joint  venture,  corporation  or other  entity  not  meeting  the
requirements of a Subsidiary.

<PAGE>

       (e)   Determinations  of  the  Committee.  All  decisions,
determinations  and  interpretations by the  Committee  regarding
this  Plan  shall  be final and binding on all Participants.  The
Committee  shall  consider such factors as it deems  relevant  to
making   such   decisions,  determinations  and   interpretations
including, without limitation, the recommendations or  advice  of
any  director,  officer or employee of the Corporation  and  such
attorneys,  consultants  and accountants  as  it  may  select.  A
Participant or other holder of an Award may contest a decision or
action by the Committee with respect to such person or Award only
on  the  grounds  that such decision or action was  arbitrary  or
capricious  or was unlawful, and any review of such  decision  or
action  shall  be limited to determining whether the  Committee's
decision or action was arbitrary or capricious or was unlawful.

4. PARTICIPANTS

     Awards under the Plan may be granted to any person who is an
employee   or  Outside  Director  of  the  Corporation.   Outside
Directors may be granted Awards only pursuant to Section 9 of the
Plan. The status of the Chairman of the Board of Directors as  an
employee  or  Outside  Director  shall  be  determined   by   the
Committee.  Any  person  designated  by  the  Corporation  as  an
independent  contractor shall not be treated as an  employee  and
shall not be eligible for Awards under the Plan.

5. EFFECTIVE DATE AND EXPIRATION OF PLAN

      (a) Effective Date. This Plan was approved by the Board  of
Directors  on February 20, 2004 and became effective on  May  19,
2004.

     (b) Expiration Date. The Plan shall remain available for the
grant  of Awards until June 30, 2007 or such earlier date as  the
Board   of  Directors  may  determine.  The  expiration  of   the
Committee's  authority to grant Awards under the  Plan  will  not
affect   the  operation  of  the  terms  of  the  Plan   or   the
Corporation's  and  Participants'  rights  and  obligations  with
respect  to Awards granted on or prior to the expiration date  of
the Plan.

6. SHARES SUBJECT TO THE PLAN

      (a) Aggregate Limits. Subject to adjustment as provided  in
Section  11,  the  aggregate  number  of  Shares  authorized  for
issuance  as  Awards under the Plan is 370,000,000, of  which  no
more  than  an  aggregate of 35,000,000 Shares may be  issued  as
restricted stock or stock units and no more than an aggregate  of
10,000,000  Shares  shall  be available  for  issuance  as  stock
options under any program providing for stock option grants  that
vest  in full in five or more years and that have a maximum  term
of ten years. The Shares subject to the Plan may be either Shares
reacquired by the Corporation, including Shares purchased in  the
open  market,  or  authorized  but unissued  Shares.  Any  Shares
subject  to  an Award which for any reason expires or  terminates
unexercised or is not earned in full may again be made subject to
an  Award  under the Plan. The following Shares may not again  be
made  available for issuance as Awards under the Plan: (i) Shares
not  issued or delivered as a result of the net settlement of  an
outstanding Stock Appreciation Right, (ii) Shares used to pay the
exercise  price  or withholding taxes related to  an  outstanding
Award,  or (iii) Shares repurchased on the open market  with  the
proceeds of the option exercise price.

<PAGE>

      (b) Tax Code Limits. The aggregate number of Shares subject
to  stock options or stock appreciation rights granted under this
Plan  during any calendar year to any one Participant  shall  not
exceed  3,000,000.  The aggregate number  of  Shares  subject  to
restricted  stock or stock unit Awards granted  under  this  Plan
during  any calendar year to any one Participant shall not exceed
2,000,000. Notwithstanding anything to the contrary in this Plan,
the  foregoing  limitations shall be subject to adjustment  under
Section 11, but only to the extent that such adjustment will  not
affect   the   status  of  any  Award  intended  to  qualify   as
"performance-based  compensation" under  Section  162(m)  of  the
Code. The aggregate number of Shares issued pursuant to incentive
stock   options   granted  under  the  Plan  shall   not   exceed
370,000,000,  which  limitation shall be  subject  to  adjustment
under  Section  11  only to the extent that  such  adjustment  is
consistent  with  adjustments permitted  of  a  plan  authorizing
incentive stock options under Section 422 of the Code.

7. PLAN AWARDS

       (a)   Award  Types.  The  Committee,  on  behalf  of   the
Corporation,  is authorized under this Plan to grant,  award  and
enter into the following arrangements or benefits under the  Plan
provided  that  their terms and conditions are  not  inconsistent
with   the   provisions  of  the  Plan:  stock   options,   stock
appreciation  rights,  restricted stock  and  stock  units.  Such
arrangements  and benefits are sometimes referred  to  herein  as
"Awards."  The  Committee, in its discretion, may determine  that
any Award granted hereunder shall be a Performance Award.

           (i)Stock  Options.  A "Stock Option"  is  a  right  to
           purchase  a  number of Shares at such exercise  price,
           at  such times, and on such other terms and conditions
           as  are  specified in or determined  pursuant  to  the
           document(s)   evidencing  the   Award   (the   "Option
           Agreement").  The  Committee may grant  Stock  Options
           intended to be eligible to qualify as incentive  stock
           options  ("ISOs") pursuant to Section 422 of the  Code
           and Stock Options that are not intended to qualify  as
           ISOs  ("Non-qualified Stock Options"), as it,  in  its
           sole discretion, shall determine.

           (ii)       Stock   Appreciation   Rights.   A   "Stock
           Appreciation  Right" or "SAR" is a right  to  receive,
           in  cash  or  stock (as determined by the  Committee),
           value  with  respect to a specific  number  of  Shares
           equal  to or otherwise based on the excess of (i)  the
           market  value of a Share at the time of exercise  over
           (ii)  the exercise price of the right, subject to such
           terms   and  conditions  as  are  expressed   in   the
           document(s)   evidencing   the   Award    (the    "SAR
           Agreement").

           (iii)    Restricted Stock. A "Restricted Stock"  Award
           is  an award of Shares, the grant, issuance, retention
           and/or  vesting of which is subject to such conditions
           as  are  expressed in the document(s)  evidencing  the
           Award (the "Restricted Stock Agreement").

<PAGE>

           (iv)     Stock Unit. A "Stock Unit" Award is an  award
           of   a  right  to  receive,  in  cash  or  stock   (as
           determined by the Committee) the market value  of  one
           Share,  the grant, issuance, retention and/or  vesting
           of   which  is  subject  to  such  conditions  as  are
           expressed  in  the  document(s) evidencing  the  Award
           (the "Stock Unit Agreement").

      (b)  Grants of Awards. An Award may consist of one  of  the
foregoing  arrangements or benefits or two or  more  of  them  in
tandem or in the alternative.

8. EMPLOYEE PARTICIPANT AWARDS

     (a) Grant, Terms and Conditions of Stock Options and SARs

      The  Committee may grant Stock Options or SARs at any  time
and  from  time to time prior to the expiration of  the  Plan  to
eligible  employee  Participants selected by  the  Committee.  No
Participant  shall have any rights as a stockholder with  respect
to  any  Shares subject to Stock Options or SARs hereunder  until
said  Shares have been issued. Each Stock Option or SAR shall  be
evidenced  only  by  such  agreements, notices  and/or  terms  or
conditions  documented  in  such form  (including  by  electronic
communications) as may be approved by the Committee.  Each  Stock
Option  grant will expressly identify the Stock Option as an  ISO
or as a Non-qualified Stock Option. Stock Options or SARs granted
pursuant to the Plan need not be identical but each must  contain
or be subject to the following terms and conditions:

           (i)Price. The purchase price (also referred to as  the
           exercise  price)  under  each  Stock  Option  or   SAR
           granted   hereunder  shall  be  established   by   the
           Committee. The purchase price per Share shall  not  be
           less  than 100% of the market value of a Share on  the
           date  of  grant.  For purposes of  the  Plan,  "market
           value"  shall  mean the average of the  high  and  low
           sales  prices of the Corporation's common  stock.  The
           exercise  price  of a Stock Option shall  be  paid  in
           cash  or  in  such  other form if and  to  the  extent
           permitted   by   the   Committee,  including   without
           limitation  by  delivery  of  already  owned   Shares,
           withholding  (either actually or  by  attestation)  of
           Shares  otherwise  issuable under  such  Stock  Option
           and/or  by  payment under a broker-assisted  sale  and
           remittance program acceptable to the Committee.

           (ii)    No Repricing. Other than in connection with  a
           change   in   the  Corporation's  capitalization   (as
           described  in  Section 11 of the Plan),  the  exercise
           price  of  a  Stock Option or SAR may not  be  reduced
           without stockholder approval.

           (iii)    No Reload Grants. Stock Options shall not  be
           granted under the Plan in consideration for and  shall
           not  be conditioned upon the delivery of Shares to the
           Corporation  in payment of the exercise  price  and/or
           tax  withholding obligation under any  other  employee
           stock option.

<PAGE>

           (iv)     Duration, Exercise and Termination  of  Stock
           Options  and SARs. Each Stock Option or SAR  shall  be
           exercisable  at  such  time and in  such  installments
           during  the  period  prior to the  expiration  of  the
           Stock  Option  or SAR as determined by the  Committee.
           The  Committee shall have the right to make the timing
           of  the  ability to exercise any Stock Option  or  SAR
           subject  to continued employment, the passage of  time
           and/or   such  performance  requirements   as   deemed
           appropriate  by the Committee. At any time  after  the
           grant  of a Stock Option, the Committee may reduce  or
           eliminate any restrictions on the Participant's  right
           to  exercise  all or part of the Stock Option,  except
           that  no  Stock Option shall first become  exercisable
           within  one  (1)  year from its date of  grant,  other
           than  upon the death, disability or retirement of  the
           person  to whom the Stock Option was granted, in  each
           case as specified in the Option Agreement.

           Each  Stock Option or SAR that vests in full  in  less
           than  five  (5)  years (standard grants)  must  expire
           within a period of not more than seven (7) years  from
           the  grant  date  and each Stock Option  or  SAR  that
           vests  in  full  in five (5) or more years  (long-term
           retention grants) must expire within a period  of  not
           more  than ten (10) years from the grant date. In each
           case,  the  Option  Agreement  or  SAR  Agreement  may
           provide for expiration prior to the end of the  stated
           term  of the Award in the event of the termination  of
           employment  or service of the Participant to  whom  it
           was granted.

           (v)Suspension  or  Termination of  Stock  Options  and
           SARs.  If  at  any time (including after a  notice  of
           exercise  has been delivered) the Committee, including
           any  Subcommittee or administrator authorized pursuant
           to  Section  3(b)  (any  such person,  an  "Authorized
           Officer"),  reasonably believes  that  a  Participant,
           other  than an Outside Director, has committed an  act
           of  misconduct  as  described  in  this  Section,  the
           Authorized   Officer  may  suspend  the  Participant's
           right  to  exercise any Stock Option or SAR pending  a
           determination  of  whether an act  of  misconduct  has
           been  committed.  If the Committee  or  an  Authorized
           Officer  determines  a  Participant,  other  than   an
           Outside   Director,   has   committed   an   act    of
           embezzlement,  fraud, dishonesty,  nonpayment  of  any
           obligation owed to Intel, breach of fiduciary duty  or
           deliberate  disregard of Corporation  rules  resulting
           in loss, damage or injury to the Corporation, or if  a
           Participant  makes an unauthorized disclosure  of  any
           Corporation  trade secret or confidential information,
           engages    in   any   conduct   constituting    unfair
           competition,  induces  any  customer   to   breach   a
           contract   with   the  Corporation  or   induces   any
           principal  for whom Intel acts as agent  to  terminate
           such agency relationship, neither the Participant  nor
           his  or  her estate shall be entitled to exercise  any
           Stock  Option or SAR 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.   For   any
           Participant   who  is  an  "executive   officer"   for
           purposes  of  Section  16 of  the  Exchange  Act,  the
           determination  of the Committee or of  the  Authorized
           Officer shall be subject to the approval of the  Board
           of Directors.

 <PAGE>

           (vi)     Conditions  and Restrictions Upon  Securities
           Subject  to  Stock  Options or SARs.  Subject  to  the
           express  provisions  of the Plan,  the  Committee  may
           provide  that  the Shares issued upon  exercise  of  a
           Stock  Option or SAR shall be subject to such  further
           conditions  or  agreements as  the  Committee  in  its
           discretion may specify prior to the exercise  of  such
           Stock  Option  or SAR, including, without  limitation,
           conditions  on vesting or transferability,  forfeiture
           or  repurchase  provisions.  The  obligation  to  make
           payments   with  respect  to  SARs  may  be  satisfied
           through cash payments or the delivery of Shares, or  a
           combination thereof as the Committee shall  determine.
           The  Committee  may establish rules for  the  deferred
           delivery  of  Common Stock upon exercise  of  a  Stock
           Option  or SAR with the deferral evidenced by  use  of
           "Stock  Units" equal in number to the number of Shares
           whose delivery is so deferred.

           (vii)   Other Terms and Conditions. Stock Options  and
           SARs  may  also  contain such other provisions,  which
           shall  not  be inconsistent with any of the  foregoing
           terms, as the Committee shall deem appropriate.

           (viii)   ISOs. Stock Options intending to  qualify  as
           ISOs   may  only  be  granted  to  employees  of   the
           Corporation  within  the  meaning  of  the  Code,   as
           determined  by the Committee. No ISO shall be  granted
           to  any person if immediately after the grant of  such
           Award,  such  person would own stock, including  stock
           subject  to  outstanding Awards held  by  him  or  her
           under  the Plan or any other plan established  by  the
           Corporation, amounting to more than ten percent  (10%)
           of  the  total combined voting power or value  of  all
           classes  of  stock of the Corporation. To  the  extent
           that  the  Option  Agreement specifies  that  a  Stock
           Option is intended to be treated as an ISO, the  Stock
           Option  is intended to qualify to the greatest  extent
           possible  as  an "incentive stock option"  within  the
           meaning  of Section 422 of the Code, and shall  be  so
           construed;   provided,   however,   that   any    such
           designation   shall   not   be   interpreted   as    a
           representation, guarantee or other undertaking on  the
           part  of the Corporation that the Stock Option  is  or
           will  be  determined to qualify as an ISO. If  and  to
           the  extent that any Shares are issued under a portion
           of   any   Stock  Option  that  exceeds  the  $100,000
           limitation  of  Section 422 of the Code,  such  Shares
           shall   not  be  treated  as  issued  under   an   ISO
           notwithstanding  any  designation  otherwise.  Certain
           decisions, amendments, interpretations and actions  by
           the  Committee  and certain actions by  a  Participant
           may  cause  a Stock Option to cease to qualify  as  an
           ISO  pursuant  to  the Code and by accepting  a  Stock
           Option  the  Participant agrees  in  advance  to  such
           disqualifying action.

      (b)  Grant,  Terms and Conditions of Restricted  Stock  and
Stock Units

      The Committee may grant Restricted Stock or Stock Units  at
any  time  and from time to time prior to the expiration  of  the
Plan to eligible employee Participants selected by the Committee.
A  Participant shall have rights as a stockholder with respect to
any

<PAGE>

Shares subject to a Restricted Stock Award hereunder only to  the
extent  specified in this Plan or the Restricted Stock  Agreement
evidencing such Award. Awards of Restricted Stock or Stock  Units
shall  be evidenced only by such agreements, notices and/or terms
or  conditions  documented in such form (including by  electronic
communications)  as may be approved by the Committee.  Awards  of
Restricted Stock or Stock Units granted pursuant to the Plan need
not  be  identical  but each must contain or be  subject  to  the
following terms and conditions:

           (i)Terms   and   Conditions.  Each  Restricted   Stock
           Agreement and each Stock Unit Agreement shall  contain
           provisions regarding (a) the number of Shares  subject
           to  such Award or a formula for determining such,  (b)
           the  purchase  price of the Shares, if  any,  and  the
           means  of  payment for the Shares, (c) the performance
           criteria,  if  any,  and level of  achievement  versus
           these  criteria  that shall determine  the  number  of
           Shares granted, issued, retainable and/or vested,  (d)
           such  terms  and  conditions on the  grant,  issuance,
           vesting  and/or  forfeiture of the Shares  as  may  be
           determined  from  time to time by the  Committee,  (e)
           restrictions on the transferability of the Shares  and
           (f)  such  further  terms and  conditions  as  may  be
           determined  from  time to time by  the  Committee,  in
           each case not inconsistent with this Plan.

           (ii)     Sale  Price. Subject to the  requirements  of
           applicable  law,  the  Committee shall  determine  the
           price, if any, at which Shares of Restricted Stock  or
           Stock   Units   shall  be  sold  or   awarded   to   a
           Participant,  which may vary from  time  to  time  and
           among  Participants and which may be below the  market
           value  of  such  Shares  at  the  date  of  grant   or
           issuance.

           (iii)    Share Vesting. The grant, issuance, retention
           and/or  vesting  of Shares under Restricted  Stock  or
           Stock  Unit Awards shall be at such time and  in  such
           installments as determined by the Committee  or  under
           criteria  established by the Committee. The  Committee
           shall  have the right to make the timing of the  grant
           and/or  the issuance, ability to retain and/or vesting
           of  Shares under Restricted Stock or Stock Unit Awards
           subject  to  continued  employment,  passage  of  time
           and/or   such  performance  criteria  and   level   of
           achievement   versus   these   criteria   as    deemed
           appropriate  by the Committee, which criteria  may  be
           based   on   financial  performance  and/or   personal
           performance  evaluations. Up to 100,000  Shares  shall
           be  available for issuance to employee Participants as
           Awards  having no minimum vesting period. No condition
           that  is  based on performance criteria and  level  of
           achievement  versus such criteria shall  be  based  on
           performance over a period of less than one  year,  and
           no  condition that is based upon continued  employment
           or  the  passage of time shall provide for vesting  in
           full  of  a  Restricted Stock or Stock Unit  Award  in
           less  than pro rata installments over three years from
           the  date  the Award is made, other than with  respect
           to  such  Awards  that  are issued  upon  exercise  or
           settlement  of  Stock  Options or  SARs  or  upon  the
           death,  disability or retirement of  the  Participant,
           in each case as specified in the agreement

<PAGE>

           evidencing  such  Award. Notwithstanding  anything  to
           the  contrary herein, the performance criteria for any
           Restricted  Stock or Stock Unit that  is  intended  to
           satisfy   the   requirements  for   "performance-based
           compensation" under Section 162(m) of the  Code  shall
           be   a   measure  based  on  one  or  more  Qualifying
           Performance  Criteria selected by  the  Committee  and
           specified  at the time the Restricted Stock  Award  is
           granted.

           (iv)     Termination  of  Employment.  The  Restricted
           Stock  or  Stock  Unit Agreement may provide  for  the
           forfeiture or cancellation of the Restricted Stock  or
           Stock  Unit Award, in whole or in part, in  the  event
           of  the  termination of employment or service  of  the
           Participant to whom it was granted.

           (v)Stock Units. Except to the extent this Plan or  the
           Committee  specifies otherwise, Stock Units  represent
           an   unfunded   and   unsecured  obligation   of   the
           Corporation and do not confer any of the rights  of  a
           stockholder   until  Shares  are  issued   thereunder.
           Settlement  of  Stock  Units upon  expiration  of  the
           deferral or vesting period shall be made in Shares  or
           otherwise  as determined by the Committee. The  number
           of  Shares,  or  other settlement  medium,  to  be  so
           distributed may be increased by an interest factor  or
           by  dividend  equivalents. Until a Stock  Unit  is  so
           settled, the number of Shares represented by  a  Stock
           Unit  shall  be  subject  to  adjustment  pursuant  to
           Section  11.  Any Stock Units that are  settled  after
           the  Participant's death shall be distributed  to  the
           Participant's designated beneficiary(ies) or, if  none
           was designated, the Participant's estate.

9. OUTSIDE DIRECTOR AWARDS

      Each  Outside  Director  may be  granted  Awards  (each  an
"Outside  Director  Award") each fiscal year  for  up  to  30,000
Shares,  as determined by the Board of Directors. Notwithstanding
anything  to the contrary in this Plan, the foregoing  limitation
shall  be  subject to adjustment under Section 11. The number  of
Shares  subject  to each Outside Director Award, or  the  formula
pursuant  to which such number shall be determined, the  type  or
types of Awards included in the Outside Director Awards, the date
of  grant  and the vesting, expiration and other terms applicable
to  such Outside Director Awards shall be specified from time  to
time  by  the  Board of Directors, subject to the terms  of  this
Plan, including the terms specified in Section 8. If the Board of
Directors  reasonably  believes  that  an  Outside  Director  has
committed  an act of misconduct as specified in Section  8(a)(v),
the  Board of Directors may suspend the Outside Director's  right
to  exercise  any Stock Option or SAR and/or the vesting  of  any
Restricted  Stock or Stock Unit Award pending a determination  of
whether an act of misconduct has been committed. If the Board  of
Directors  determines that an Outside Director has  committed  an
act  of  misconduct, neither the Outside Director nor his or  her
estate  shall  be entitled to exercise any Stock  Option  or  SAR
whatsoever  and  shall forfeit any unvested Restricted  Stock  or
Stock Unit Award.

<PAGE>

10. OTHER PROVISIONS APPLICABLE TO AWARDS

      (a) Transferability. Unless the agreement or other document
evidencing  an Award (or an amendment thereto authorized  by  the
Committee)  expressly states that the Award  is  transferable  as
provided  hereunder, no Award granted under this  Plan,  nor  any
interest in such Award, may be sold, assigned, conveyed,  gifted,
pledged,  hypothecated  or otherwise transferred  in  any  manner
prior  to  the  vesting  or  lapse of any  and  all  restrictions
applicable thereto, other than by will or the laws of descent and
distribution.  The  Committee may grant  an  Award  or  amend  an
outstanding  Award to provide that the Award is  transferable  or
assignable  (a) in the case of a transfer without the payment  of
any consideration, to any "family member" as such term is defined
in  Section 1(a)(5) of the General Instructions to Form S-8 under
the  Securities Act of 1933, as such may be amended from time  to
time, and (b) in any transfer described in clause (ii) of Section
1(a)(5)  of the General Instructions to Form S-8 under  the  1933
Act  as  amended from time to time, provided that  following  any
such  transfer  or  assignment the Award will remain  subject  to
substantially the same terms applicable to the Award  while  held
by  the  Participant to whom it was granted, as modified  as  the
Committee shall determine appropriate, and as a condition to such
transfer the transferee shall execute an agreement agreeing to be
bound  by  such  terms; provided further,  that  an  ISO  may  be
transferred  or  assigned  only to  the  extent  consistent  with
Section  422  of the Code. Any purported assignment, transfer  or
encumbrance that does not qualify under this Section 10(a)  shall
be void and unenforceable against the Corporation.

      (b)  Qualifying Performance Criteria. For purposes of  this
Plan,  the term "Qualifying Performance Criteria" shall mean  any
one  or  more  of  the  following  performance  criteria,  either
individually,  alternatively or in any  combination,  applied  to
either  the  Corporation as a whole or  to  a  business  unit  or
Subsidiary,  either  individually,  alternatively   or   in   any
combination, and measured either annually or cumulatively over  a
period  of  years,  on an absolute basis or relative  to  a  pre-
established target, to previous years' results or to a designated
comparison  group, in each case as specified by the Committee  in
the  Award:  (a) cash flow, (b) earnings per share, (c)  earnings
before  interest, taxes and amortization, (d) return  on  equity,
(e)  total  stockholder return, (f) share price performance,  (g)
return  on  capital,  (h) return on assets  or  net  assets,  (i)
revenue,  (j) income or net income, (k) operating income  or  net
operating  income, (l) operating profit or net operating  profit,
(m)  operating margin or profit margin, (n) return  on  operating
revenue,  (o)  return  on invested capital,  (p)  market  segment
share, (q) product release schedules, (r) new product innovation,
(s) product cost reduction through advanced technology, (t) brand
recognition/acceptance, (u) product ship targets, or (v) customer
satisfaction.   The  Committee  may  appropriately   adjust   any
evaluation of performance under a Qualifying Performance Criteria
to  exclude  any  of the following events that  occurs  during  a
performance  period: (i) asset write-downs,  (ii)  litigation  or
claim  judgments or settlements, (iii) the effect of  changes  in
tax  law,  accounting principles or other such laws or provisions
affecting reported results, (iv) accruals for reorganization  and
restructuring  programs  and (v) any extraordinary  non-recurring
items as described in Accounting Principles Board Opinion No.  30
and/or  in  management's  discussion and  analysis  of  financial
condition   and   results   of  operations   appearing   in   the
Corporation's  annual report to stockholders for  the  applicable
year.

<PAGE>

Notwithstanding satisfaction of any completion of any  Qualifying
Performance  Criteria, to the extent specified  at  the  time  of
grant  of  an  Award, the number of Shares, Stock Options,  SARs,
Stock  Units or other benefits granted, issued, retainable and/or
vested  under  an  Award  on  account  of  satisfaction  of  such
Qualifying  Performance Criteria may be reduced by the  Committee
on  the basis of such further considerations as the Committee  in
its sole discretion shall determine.

      (c)  Dividends. Unless otherwise provided by the Committee,
no  adjustment shall be made in Shares issuable under  Awards  on
account  of cash dividends that may be paid or other rights  that
may  be  issued to the holders of Shares prior to their  issuance
under any Award. The Committee shall specify whether dividends or
dividend equivalent amounts shall be paid to any Participant with
respect  to the Shares subject to any Award that have not  vested
or  been  issued  or  that  are subject to  any  restrictions  or
conditions on the record date for dividends.

      (d)  Documents  Evidencing  Awards.  The  Committee  shall,
subject to applicable law, determine the date an Award is  deemed
to  be granted. The Committee or, except to the extent prohibited
under applicable law, its delegate(s) may establish the terms  of
agreements or other documents evidencing Awards under  this  Plan
and  may,  but  need  not, require as a  condition  to  any  such
agreement's  or document's effectiveness that such  agreement  or
document  be executed by the Participant, including by electronic
signature or other electronic indication of acceptance, and  that
such  Participant agree to such further terms and  conditions  as
specified  in such agreement or document. The grant of  an  Award
under  this Plan shall not confer any rights upon the Participant
holding  such  Award other than such terms, and subject  to  such
conditions, as are specified in this Plan as being applicable  to
such  type  of  Award (or to all Awards) or as are expressly  set
forth in the agreement or other document evidencing such Award.

     (e) Additional Restrictions on Awards. Either at the time an
Award is granted or by subsequent action, the Committee may,  but
need not, impose such restrictions, conditions or limitations  as
it  determines  appropriate as to the timing and  manner  of  any
resales  by  a  Participant or other subsequent  transfers  by  a
Participant  of  any  Shares  issued under  an  Award,  including
without  limitation  (a) restrictions under  an  insider  trading
policy, (b) restrictions designed to delay and/or coordinate  the
timing  and  manner of sales by the Participant or  Participants,
and  (c) restrictions as to the use of a specified brokerage firm
for such resales or other transfers.

     (f) Subsidiary Awards. In the case of a grant of an Award to
any  Participant employed by a Subsidiary, such grant may, if the
Committee so directs, be implemented by Intel issuing any subject
Shares  to the Subsidiary, for such lawful consideration  as  the
Committee may determine, upon the condition or understanding that
the  Subsidiary  will transfer the Shares to the  Participant  in
accordance with the terms of the Award specified by the Committee
pursuant to the provisions of the Plan. Notwithstanding any other
provision hereof, such Award may be issued by and in the name  of
the  Subsidiary and shall be deemed granted on such date  as  the
Committee shall determine.

<PAGE>

11. ADJUSTMENT OF AND CHANGES IN THE COMMON STOCK

      (a) The existence of outstanding Awards shall not affect in
any way the right or power of the Corporation or its shareholders
to  make  or authorize any or all adjustments, recapitalizations,
reorganizations, exchanges, or other changes in the Corporation's
capital structure or its business, or any merger or consolidation
of  the Corporation or any issuance of Shares or other securities
or  subscription  rights  thereto,  or  any  issuance  of  bonds,
debentures,  preferred  or prior preference  stock  ahead  of  or
affecting  the  Shares or other securities of the Corporation  or
the  rights  thereof, or the dissolution or  liquidation  of  the
Corporation, or any sale or transfer of all or any  part  of  its
assets  or  business, or any other corporate act  or  proceeding,
whether  of a similar character or otherwise. Further, except  as
expressly  provided herein or by the Committee, (i) the  issuance
by  the Corporation of shares of stock or any class of securities
convertible  into  shares  of  stock  of  any  class,  for  cash,
property, labor or services, upon direct sale, upon the  exercise
of  rights  or warrants to subscribe therefor, or upon conversion
of shares or obligations of the Corporation convertible into such
shares  or  other securities, (ii) the payment of a  dividend  in
property  other  than  Shares, or (iii)  the  occurrence  of  any
similar  transaction, and in any case whether  or  not  for  fair
value,  shall  not  affect, and no adjustment by  reason  thereof
shall  be  made with respect to, the number of Shares subject  to
Stock Options or other Awards theretofore granted or the purchase
price  per  Share, unless the Committee shall determine,  in  its
sole discretion, that an adjustment is necessary or appropriate.

      (b)  If the outstanding Shares or other securities  of  the
Corporation, or both, for which the Award is then exercisable  or
as  to  which  the Award is to be settled shall at  any  time  be
changed  or  exchanged by declaration of a stock dividend,  stock
split,  combination  of shares, extraordinary  dividend  of  cash
and/or  assets, recapitalization, reorganization or  any  similar
event   affecting   the  Shares  or  other  securities   of   the
Corporation, the Committee may appropriately and equitably adjust
the  number  and  kind  of Shares or other securities  which  are
subject  to  this  Plan  or  subject to  any  Awards  theretofore
granted, and the exercise or settlement prices of such Awards, so
as  to  maintain  the  proportionate number of  Shares  or  other
securities  without changing the aggregate exercise or settlement
price.

     (c) No right to purchase fractional Shares shall result from
any  adjustment in Stock Options or SARs pursuant to this Section
11.  In  case of any such adjustment, the Shares subject  to  the
Stock  Option  or SAR shall be rounded down to the nearest  whole
share.

       (d)   Any   other   provision  hereof  to   the   contrary
notwithstanding (except Section 11(a)), in the event Intel  is  a
party  to  a  merger or other reorganization, outstanding  Awards
shall  be  subject to the agreement of merger or  reorganization.
Such   agreement  may  provide,  without  limitation,   for   the
assumption of outstanding Awards by the surviving corporation  or
its  parent,  for  their continuation by Intel  (if  Intel  is  a
surviving  corporation), for accelerated vesting and  accelerated
expiration, or for settlement in cash.

<PAGE>

12. LISTING OR QUALIFICATION OF COMMON STOCK

      In  the event that the Board of Directors determines in its
discretion  that  the  listing  or qualification  of  the  Shares
available for issuance under the Plan on any securities  exchange
or  quotation  or trading system or under any applicable  law  or
governmental  regulation  is necessary  as  a  condition  to  the
issuance  of  such  Shares, a Stock Option  or  SAR  may  not  be
exercised  in  whole or in part and a Restricted Stock  or  Stock
Unit  Award  shall  not vest unless such listing,  qualification,
consent or approval has been unconditionally obtained.

13. TERMINATION OR AMENDMENT OF THE PLAN

      The Board of Directors may amend, alter or discontinue  the
Plan  and  the Board or the Committee may to the extent permitted
by  the Plan amend any agreement or other document evidencing  an
Award   made  under  this  Plan,  provided,  however,  that   the
Corporation  shall submit for stockholder approval any  amendment
(other than an amendment pursuant to the adjustment provisions of
Section 11) required to be submitted for stockholder approval  by
NASDAQ or that otherwise would:

      (a)  Increase the maximum number of Shares for which Awards
may be granted under this Plan;

      (b)  Reduce the price at which Stock Options may be granted
below the price provided for in Section 8(a);

     (c) Reduce the option price of outstanding Stock Options;

     (d) Extend the term of this Plan;

     (e) Change the class of persons eligible to be Participants;
or

     (f) Increase the limits in Section 6.

      In  addition, no such amendment or alteration shall be made
which  would  impair the rights of any Participant, without  such
Participant's  consent,  under  any  Award  theretofore  granted,
provided  that no such consent shall be required with respect  to
any  amendment or alteration if the Committee determines  in  its
sole  discretion that such amendment or alteration either (i)  is
required or advisable in order for the Corporation, the  Plan  or
the  Award  to  satisfy  any law or regulation  or  to  meet  the
requirements  of  any  accounting  standard,  or  (ii)   is   not
reasonably likely to significantly diminish the benefits provided
under  such  Award,  or  that  any  such  diminishment  has  been
adequately compensated.

14. WITHHOLDING

      To  the extent required by applicable federal, state, local
or foreign law, the Committee may and/or a Participant shall make
arrangements satisfactory to the Corporation for the satisfaction
of any withholding tax obligations that arise with respect

<PAGE>

to  any  Stock Option, SAR, Restricted Stock or Stock Unit Award,
or  any sale of Shares. The Corporation shall not be required  to
issue Shares or to recognize the disposition of such Shares until
such  obligations  are  satisfied. To  the  extent  permitted  or
required  by  the Committee, these obligations may  or  shall  be
satisfied  by  having the Corporation withhold a portion  of  the
Shares  of  stock that otherwise would be issued to a Participant
under  such  Award or by tendering Shares previously acquired  by
the Participant.

15. GENERAL PROVISIONS

      (a)  Employment At Will. Neither the Plan nor the grant  of
any  Award  nor any action by the Corporation, any Subsidiary  or
the  Committee  shall be held or construed  to  confer  upon  any
person any right to be continued in the employ of the Corporation
or  a  Subsidiary. The Corporation and each Subsidiary  expressly
reserve the right to discharge, without liability but subject  to
his  or  her rights under this Plan, any Participant whenever  in
the  sole discretion of the Corporation or a Subsidiary,  as  the
case may be, its interest may so require.

      (b)  Governing Law. This Plan and any agreements  or  other
documents  hereunder  shall  be  interpreted  and  construed   in
accordance  with the laws of the State of Delaware and applicable
federal law. The Committee may provide that any dispute as to any
Award  shall  be presented and determined in such  forum  as  the
Committee may specify, including through binding arbitration. Any
reference  in  this  Plan or in the agreement or  other  document
evidencing  any  Award to a provision of law  or  to  a  rule  or
regulation shall be deemed to include any successor law, rule  or
regulation of similar effect or applicability.

      (c)  Unfunded Plan. Insofar as it provides for Awards,  the
Plan  shall  be  unfunded. Although bookkeeping accounts  may  be
established  with respect to Participants who are granted  Awards
under  this  Plan,  any such accounts will be used  merely  as  a
bookkeeping convenience. The Corporation shall not be required to
segregate  any  assets which may at any time  be  represented  by
Awards,  nor shall this Plan be construed as providing  for  such
segregation, nor shall the Corporation or the Committee be deemed
to be a trustee of stock or cash to be awarded under the Plan.

16. NON-EXCLUSIVITY OF PLAN

      Neither the adoption of this Plan by the Board of Directors
nor  the  submission  of  this Plan to the  shareholders  of  the
Corporation  for  approval  shall be construed  as  creating  any
limitations  on  the  power  of the Board  of  Directors  or  the
Committee  to adopt such other incentive arrangements  as  either
may  deem  desirable, including, without limitation, the granting
of  stock options, stock appreciation rights, restricted stock or
stock units otherwise than under this Plan, and such arrangements
may be either generally applicable or applicable only in specific
cases.

<PAGE>

17. COMPLIANCE WITH OTHER LAWS AND REGULATIONS

      This Plan, the grant and exercise of Awards thereunder, and
the  obligation  of  the Corporation to sell,  issue  or  deliver
Shares  under  such  Awards, shall be subject to  all  applicable
federal, state and local laws, rules and regulations and to  such
approvals  by  any governmental or regulatory agency  as  may  be
required. The Corporation shall not be required to register in  a
Participant's name or deliver any Shares prior to the  completion
of  any  registration or qualification of such Shares  under  any
federal,  state or local law or any ruling or regulation  of  any
government  body  which  the  Committee  shall  determine  to  be
necessary  or advisable. To the extent the Corporation is  unable
to  or the Committee deems it infeasible to obtain authority from
any  regulatory  body  having jurisdiction,  which  authority  is
deemed by the Corporation's counsel to be necessary to the lawful
issuance and sale of any Shares hereunder, the Corporation  shall
be relieved of any liability with respect to the failure to issue
or  sell  such Shares as to which such requisite authority  shall
not  have been obtained. No Stock Option shall be exercisable and
no  Shares  shall be issued and/or transferable under  any  other
Award  unless a registration statement with respect to the Shares
underlying  such  Stock Option is effective and  current  or  the
Corporation has determined that such registration is unnecessary.

18. LIABILITY OF CORPORATION

      The  Corporation  shall not be liable to a  Participant  or
other persons as to: (a) the non-issuance or sale of Shares as to
which  the  Corporation  has  been  unable  to  obtain  from  any
regulatory body having jurisdiction the authority deemed  by  the
Corporation's counsel to be necessary to the lawful issuance  and
sale  of  any  Shares  hereunder; and  (b)  any  tax  consequence
expected,  but not realized, by any Participant or  other  person
due to the receipt, exercise or settlement of any Stock Option or
other Award granted hereunder.EXHIBIT 10.2

                        INTEL CORPORATION
                EXECUTIVE OFFICER INCENTIVE PLAN
         AS AMENDED AND RESTATED EFFECTIVE MAY 18, 2005

1. PURPOSE

      The  purpose of this amended and restated Executive Officer
Incentive  Plan  ("Incentive Plan") is  to  motivate  and  reward
eligible employees by making a portion of their cash compensation
dependent on earnings per share ("EPS") of Intel Corporation (the
"Company").  The  Incentive Plan is designed to ensure  that  the
annual  incentive  paid hereunder to executive  officers  of  the
Company is deductible without limit under Section 162(m)  of  the
Internal  Revenue Code of 1986, as amended, and  the  regulations
and interpretations promulgated thereunder (the "Tax Code"). This
amended  and  restated Incentive Plan is subject  to  stockholder
approval.

2. COVERED INDIVIDUALS

      The  individuals  entitled to incentive payments  hereunder
shall be the executive officers of the Company, as determined  by
the Compensation Committee (the "Committee").

3. THE COMMITTEE

      (a)  The  Committee shall consist of at least  two  outside
directors of the Company who satisfy the requirements of  Section
162(m)  of  the  Tax  Code. The Committee  shall  have  the  sole
discretion   and  authority  to  administer  and  interpret   the
Incentive Plan in accordance with Section 162(m) of the Tax Code.

      (b)  Subject to the express provisions and limitations  set
forth  in  the Incentive Plan, the Committee shall be  authorized
and  empowered  to do all things necessary or desirable,  in  its
sole  discretion,  in connection with the administration  of  the
Incentive Plan, including, without limitation, the following:

           (i)To   prescribe,   amend  and  rescind   rules   and
           regulations  relating  to the Incentive  Plan  and  to
           define terms not otherwise defined herein;

           (ii)      To  determine  which  covered  persons   are
           eligible  to be paid incentives and to which  of  such
           participants,   if  any,  incentives   hereunder   are
           actually paid;

           (iii)   To verify the Company's EPS and the extent  to
           which  the Company has satisfied any other performance
           goals  or  other conditions applicable to the  payment
           of incentives under the Incentive Plan;

           (iv)     To  prescribe  and amend  the  terms  of  any
           agreements  or  other  documents under  the  Incentive
           Plan (which need not be identical);

<PAGE>

           (v)To  determine  whether, and the  extent  to  which,
           adjustments are required pursuant to Section 4;

           (vi)     To interpret and construe the Incentive Plan,
           any  rules  and regulations under the Incentive  Plan,
           and   the   terms  and  conditions  of  any  incentive
           opportunities   provided  hereunder,   and   to   make
           exceptions  to any such provisions in good  faith  and
           for the benefit of the Company; and

           (vii)     To  make  all  other  determinations  deemed
           necessary or advisable for the administration  of  the
           Incentive Plan.

     (c) All decisions, determinations and interpretations by the
Committee regarding the Incentive Plan shall be final and binding
on  all  covered  individuals  who  are  participants  under  the
Incentive Plan. The Committee shall consider such factors  as  it
deems  relevant  to  making  such decisions,  determinations  and
interpretations     including,    without     limitation,     the
recommendations or advice of any director, officer or employee of
the Company and such attorneys, consultants and accountants as it
may  select.  A covered individual or other person  claiming  any
benefits  under  the  Incentive Plan may contest  a  decision  or
action  by the Committee with respect to such person or an actual
or  potential  incentive under the Incentive  Plan  only  on  the
grounds  that such decision or action was arbitrary or capricious
or  was unlawful, and any review of such decision or action shall
be  limited  to determining whether the Committee's  decision  or
action was arbitrary or capricious or was unlawful.

4. AMOUNT OF INCENTIVE

      Incentive payments are made in cash. The maximum  incentive
payment  is  the product of (i) an individual incentive  baseline
amount in dollars for the performance period set by the Committee
in   writing  and  (ii)  the  numerical  value  of  EPS  for  the
performance  period  multiplied by  a  factor  (the  "Performance
Factor") that is set by the Committee in its sole discretion  and
is  in  writing.  The term "performance period"  shall  mean  the
period  for which the incentive is payable. For this calculation,
the  term "EPS" shall mean the greater of operating income or net
income  per weighted average common shares outstanding,  assuming
dilution,  for  the performance period, in each  case  adjustable
based   upon  qualifying  objective  criteria  selected  by   the
Committee in its sole discretion within the period prescribed  by
the U.S. Internal Revenue Service. Such criteria may include, but
are   not   limited  to  asset  write-downs;  acquisition-related
charges;   litigation,  claim  judgments,  settlements   or   tax
settlements;  the  effects of changes  in  tax  law,  changes  in
accounting principles or other such laws or provisions  affecting
reported  results; accruals for reorganization and  restructuring
programs;  unrealized  gains or losses on  investments;  and  any
extraordinary  non-recurring items  as  described  in  Accounting
Principles Board Opinion No. 30 and/or in management's discussion
and  analysis  of financial condition and results  of  operations
appearing in the annual report to stockholders for the applicable
year.  The  individual incentive baseline amount, the Performance
Factor  and the EPS definition shall be adopted by the  Committee
in its sole discretion with respect to each performance period no
later than the latest time permitted by the Tax Code. However, no
incentive in excess of

<PAGE>

$5,000,000  will  be  paid  to  any  executive  officer  for  any
performance  period. In its sole discretion,  the  Committee  may
also  reduce,  but  may  not increase, an individual's  incentive
calculated under the preceding formula. In determining the amount
of  any  reduced incentive, the Committee reserves the  right  to
apply  subjective, discretionary criteria to determine a  revised
incentive amount. The incentive payable hereunder shall  be  paid
in  lieu of any incentive payable under the Company's broad-based
variable cash incentive program.

5. PAYMENT OF INCENTIVE

      The  payment of an incentive for a given performance period
requires  that the executive officer be on the Company's  payroll
as  of the last day of the performance period. The Committee  may
make  exceptions to this requirement in the case  of  retirement,
death  or disability, as determined by the Committee in its  sole
discretion.  No  incentive shall be paid  unless  and  until  the
Committee makes a certification in writing as required to satisfy
the  conditions  for exemption under Section 162(m)  of  the  Tax
Code.

6. AMENDMENT AND TERMINATION

      The  Company reserves the right to amend or terminate  this
Incentive  Plan  at any time with respect to future  services  of
covered individuals. Incentive Plan amendments may be adopted  by
the Board of Directors or the Committee as defined in Section  3,
and will require stockholder approval only to the extent required
to  satisfy the conditions for exemption under Section 162(m)  of
the Tax Code or otherwise.

7. TAX WITHHOLDING

      The  Company shall have the right to make all  payments  or
distributions  pursuant to the Incentive Plan to  a  participant,
net of any applicable federal, state and local taxes required  to
be paid or withheld. The Company shall have the right to withhold
from wages or other amounts otherwise payable to such participant
such withholding taxes as may be required by law, or to otherwise
require  the  participant to pay such withholding taxes.  If  the
participant shall fail to make such tax payments as are required,
the Company shall, to the extent permitted by law, have the right
to  deduct  any such taxes from any payment of any kind otherwise
due  to  such participant or to take such other action as may  be
necessary to satisfy such withholding obligations.

8. SEVERABILITY

      If  any  provision  of the Incentive  Plan  shall  be  held
unlawful  or  otherwise invalid or unenforceable in whole  or  in
part  by a court of competent jurisdiction, such provision  shall
(a)  be deemed limited to the extent that such court of competent
jurisdiction deems it lawful, valid and/or enforceable and as  so
limited shall remain in full force and effect, and (b) not affect
any  other provision of the Incentive Plan or part thereof,  each
of  which shall remain in full force and effect. If the making of
any  payment  or the provision of any other benefit provided  for
under  the  Incentive  Plan shall be held unlawful  or  otherwise
invalid  or  unenforceable by a court of competent  jurisdiction,
such

<PAGE>

unlawfulness,  invalidity or unenforceability shall  not  prevent
any  other  payment or benefit from being made or provided  under
the  Incentive Plan, and if the making of any payment in full  or
the  provision  of  any  other benefit  provided  for  under  the
Incentive Plan in full would be unlawful or otherwise invalid  or
unenforceable,    then   such   unlawfulness,    invalidity    or
unenforceability shall not prevent such payment or  benefit  from
being  made or provided in part, to the extent that it would  not
be unlawful, invalid or unenforceable, and the maximum payment or
benefit  that  would  not be unlawful, invalid  or  unenforceable
shall be made or provided under the Incentive Plan.

9. NON-ASSIGNABILITY

       Unless  the  Committee  expressly  states  otherwise,   no
participant in the Incentive Plan may sell, assign, convey, gift,
pledge   or  otherwise  hypothecate  or  alienate  any  incentive
opportunity or amounts determined by the Committee to be  payable
under  the  Incentive  Plan,  until such  amounts  (if  any)  are
actually paid.

10. NON-EXCLUSIVITY OF PLAN

      Neither the adoption of the Incentive Plan by the Board  of
Directors  nor  the  submission of  the  Incentive  Plan  to  the
stockholders  of the Company for approval shall be  construed  as
creating  any limitations on the power of the Board of  Directors
or  the  Committee to adopt such other incentive arrangements  as
either may deem desirable, including, without limitation, cash or
equity-based   compensation   arrangements,   either   tied    to
performance or otherwise, and any such other arrangements as  may
be  either  generally applicable or applicable only  in  specific
cases.

11. EMPLOYMENT AT WILL

      Neither  the  Incentive Plan, selection of a  person  as  a
covered person eligible to be paid incentives under the Incentive
Plan  nor  the payment of any incentive to any participant  under
the Incentive Plan nor any action by the Company or the Committee
shall be held or construed to confer upon any person any right to
be  continued in the employ of the Company. The Company expressly
reserves the right to discharge any participant whenever  in  the
sole discretion of the Company its interest may so require.

12. NO VESTED INTEREST OR RIGHT

      At  no time before the actual payout of an incentive to any
participant under the Incentive Plan shall any participant accrue
any vested interest or right whatsoever under the Incentive Plan,
and   the   Company  has  no  obligation  to  treat  participants
identically under the Incentive Plan.

13. GOVERNING LAW

       The  Incentive  Plan  and  any  agreements  and  documents
hereunder  shall be interpreted and construed in accordance  with
the laws of the State of Delaware and applicable federal law. The
Committee  may provide that any dispute concerning the  Incentive
Plan  shall  be  presented and determined in such  forum  as  the
Committee may specify, including through binding arbitration.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]