Intel 2005 Annual Report Download - page 265

2.
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 during any period when Intel
determines that the exercisability of the option or the delivery of shares hereunder would violate any federal, state or other applicable
laws.
Notwithstanding anything to the contrary in these Terms or the applicable Notice of Grant, Intel may reduce your unvested options if
you change classification from a full
-
time to a part
-
time employee.
IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKDAY, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45
P.M. NEW YORK TIME ON THE EXPIRATION DATE.
IF AN EXPIRATION DATE DESCRIBED HEREIN FALLS ON A WEEKEND OR ANY OTHER DAY ON WHICH THE NEW YORK
STOCK EXCHANGE (“NYSE”) IS NOT OPEN, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M. NEW YORK TIME ON
THE LAST NYSE BUSINESS DAY PRIOR TO THE EXPIRATION DATE.
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