Intel 1998 Annual Report Download - page 23

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EXHIBIT 10.6
INTEL CORPORATION
DEFERRAL PLAN FOR
OUTSIDE DIRECTORS
Intel Corporation (the "Company") hereby establishes, effective July 1, 1998, a nonqualified deferred compensation plan for the benefit of
Outside Directors of the Company. This plan shall be known as the Intel Corporation Deferral Plan for Outside Directors (the "Plan").
ARTICLE 1. DEFERRED COMPENSATION ACCOUNT.
SECTION 1.1 ESTABLISHMENT OF ACCOUNT. The Company shall establish an account ("Account") for each Participant which shall be
utilized solely as a device to measure and determine the amount of deferred Director's Compensation to be paid under the Plan.
SECTION 1.2 PROPERTY OF COMPANY. Any amounts so set aside for Benefits payable under the Plan are the property of the Company,
except, and to the extent, of any assignment of such assets to an irrevocable trust.
ARTICLE 2. DEFINITIONS, GENDER, AND NUMBER.
SECTION 2.1 DEFINITIONS. Whenever used in the Plan, the following words and phrases shall have the meanings set forth below unless the
context plainly requires a different meaning, and when a defined meaning is intended, the term is capitalized.
"BENEFICIARY" or "BENEFICIARIES" means the individuals, trusts or other entities designated by a Participant in writing pursuant to
Section 7.2(d) of the Plan as being entitled to receive any benefit payable under the Plan by reason of the death of a Participant, or, in the
absence of such designation, the persons specified in Section 7.2(e) of the Plan.
"BENEFIT" means the amount credited to a Participant's Account pursuant to such Participant's Deferred Compensation Agreement plus or
minus the gains or losses pursuant to Section 4.2.
"BOARD" means the Board of Directors of the Company as constituted at the relevant time.
"CLOSING PRICE" means the closing price, or last reported sales price, as the case may be of the Company's Common Stock on the
NASDAQ Stock Market,
1.