Intel 2006 Annual Report Download - page 121

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(I) The Company shall post to the Participant’s Cash Deferral Account a number of Deferred Compensation Units equivalent
to the amount of Director’s Cash Compensation specified in the Election Form in effect for the Plan Year;
(II) Deferrals of Director’s Cash Compensation (and the corresponding number of Deferred Compensation Units) relating to
quarterly retainers shall be posted as of the last day of the fiscal quarter in which the Director’s Cash Compensation was
earned. Deferrals of Director’s Cash Compensation (and the corresponding number of Deferred Compensation Units) relating
to all other forms of Director’s Cash Compensation shall be posted as of the last day of the quarter in which the Director’s Cash
Compensation was earned. Participant’s Cash Deferral Account shall be calculated by dividing: (i) the dollar amount of
Director’s Cash Compensation deferred by (ii) the applicable Closing Price for the day as of which such Units are posted to the
Participant’s Cash Deferral Account.
(iii) Participant deferrals placed into the Participant’s Cash Deferral Account are 100% vested.
(b) Dividend Credits . The Participant’s Cash Deferral Account will be credited, as of the applicable dividend payment date,
with additional Deferred Compensation Units, equal to the per share dividend declared on the Company
’s Common Stock times
the number of Deferred Compensation Units posted to the Participant’s Cash Deferral Account as of the record date with respect
to the declaration of such dividend divided by the Closing Price applicable to such record date.
(c) Participant’s Cash Deferral Account Value. As of any date of valuation, the value of a Participant’s Cash Deferral
Account will be equal to the value (at the Closing Price on such date) of the number of shares of Common Stock represented by
the Deferred Compensation Units credited to the Participant’s Cash Deferral Account as of that date.
(c) Distributions . The number of Deferred Compensation Units in a Participant’s Cash Deferral Account shall be debited for
the amount of any distributions by dividing: (i) the dollar amount of the distribution by (ii) the Closing Price of the Company’s
Common Stock applicable to the last trading day of the month with respect to which the distribution was made.
7. PARTICIPANT’S CASH DEFERRAL ACCOUNT BENEFITS
(a) Timing of Distribution . The amounts credited to a Participant’s Cash Deferral Account shall be paid (or payment shall
commence) within a reasonable time after the earlier of: (i) the Early Cash Benefit Distribution Date, if the Participant has made a
valid election for early distribution of Benefits pursuant to Section 7(b) of this Plan, or (ii) the Regular Cash Distribution Date.
6