Intel 2006 Annual Report Download - page 128

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2.
lawful consideration approved in advance by the Committee of the Board of Directors of Intel established pursuant to the
2006 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 Standard Terms 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.
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
NASDAQ STOCK MARKET (“NASDAQ”) IS NOT OPEN, YOU MUST EXERCISE YOUR OPTIONS BEFORE 3:45 P.M.
NEW YORK TIME ON THE LAST NASDAQ BUSINESS DAY PRIOR TO THE EXPIRATION DATE.
5.
LEAVES OF ABSENCE
(a) Except as expressly provided otherwise in by these Standard Terms, 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