Intel 2006 Annual Report Download - page 122

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(b) Early Cash Benefit Distribution . A Participant may elect for each Plan Year an Early Cash Benefit Distribution Date
100% of his or her Participant’s Cash Deferral Account related to that Plan Year Such election shall be made on the Participant’s
Election Form and shall be irrevocable as to the date of distribution for the Plan Year(s) to which the Election Form applies.
(i) No election of an Early Cash Benefit Distribution Date shall be given effect unless such election specifies an Early Cash
Benefit Distribution Date which is at least twenty-four (24) full calendar months after the date the Participant’s Election Form is
received by the Company.
(ii) In the event a Participant has a Termination Event prior to his or her Early Cash Benefit Distribution Date, his or her
election of an Early Cash Benefit Distribution Date shall not be given effect and distribution of the Participant’s Cash Deferral
Account shall be made in accordance with Section 7(a) without regard to Section 7(a) (i).
8. DISTRIBUTION OF CASH BENEFITS
(a) Form of Cash Benefit Distribution . Participants may elect on their Election Forms one of the following forms of cash
benefits distributions for Regular Cash Distributions:
(i) Annual installment payments over a five (5) year or a ten (10) year period; or
(ii) A lump sum distribution.
Installment payments shall be available to a Participant only in the event the Participant elects to receive a distribution on a
Regular Cash Distribution Date. Installment payments are not available for Early Cash Benefit Distributions. In the event a
Participant has failed to elect a form of distribution, or if no record of such election can be found, the Participant shall receive
annual payments over a ten (10) year period. Except for lump sum distributions, Benefit payments shall be a level annual amount
for each calendar year, calculated using the balance in the Participant’s Cash Deferral Account at the beginning of the calendar
year (or, in the case of the first calendar year, on the Early Cash Benefit Distribution Date or the Regular Cash Distribution Date)
and dividing it by the total number of annual payments remaining in the entire payment period. The Benefits payment amount shall
be adjusted at the beginning of each calendar year.
(b) Death Benefits .
(i) In the event a Participant dies after commencement of payment of Benefits, the remaining benefit payments, if any, shall
be paid to the Participant’s Beneficiary in the same manner such Benefits would have been paid if the Participant had survived.
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