Intel 2005 Annual Report Download - page 256

2.
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 United States 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.
5.
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 5:
(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
365
th
day of the PLOA.
(2)
If the duration of the PLOA is less than thirty (30) days:
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.