Intel 2004 Annual Report Download - page 43
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Table of Contents
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
(Continued)
1997 Stock Option Plan
The 1997 Stock Option Plan (the 1997 Plan) provided for the grant of stock options to employees other than officers and directors. This
plan, which was not approved by stockholders, was terminated as to future grants when the 2004 Plan was approved by the stockholders in
May 2004. The 1997 Plan is administered by the Compensation Committee of the Board of Directors, which has the power to determine
matters relating to outstanding option awards under the plan, including conditions of vesting and exercisability. Options granted under the 1997
Plan expire no later than 10 years from the grant date. Options granted under this Plan generally vest within five years, with some options
granted in 2003 and 2004 vesting in increments over four or five years from the date of grant and certain grants to key employees having
delayed vesting generally beginning six years from the date of grant.
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