Intel 2006 Annual Report Download - page 130
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4.
below) or discharge for misconduct, you may exercise any portion of the option that had vested on or prior to the date of
termination at any time prior to ninety (90) days after the date of such termination. The option shall terminate on the 90
th
day
to the extent that it is unexercised. All unvested stock options shall be cancelled on the date of employment termination,
regardless of whether such employment termination is voluntary or involuntary.
For purposes of this Section 7, your employment is not deemed terminated if, prior to sixty (60) days after the date of
termination from Intel or a Subsidiary, you are rehired by Intel or a Subsidiary on a basis that would make you eligible for
future Intel stock option grants, nor would your transfer from Intel to any Subsidiary or from any one Subsidiary to another, or
from a Subsidiary to Intel be deemed a termination of employment. Further, your employment with any partnership, joint
venture or corporation not meeting the requirements of a Subsidiary in which Intel or a Subsidiary is a party shall be
considered employment for purposes of this provision if either (a) the entity is designated by the Committee as a Subsidiary
for purposes of this provision or (b) you are designated as an employee of a Subsidiary for purposes of this provision.
8.
DEATH
Except as expressly provided otherwise in by these Standard Terms, if you die while employed by the Corporation, the
executor of your will, administrator of your estate or any successor trustee of a grantor trust may exercise the option, to the
extent not previously exercised and whether or not vested on the date of death, at any time prior to 365 days from the date of
death.
Except as expressly provided otherwise in by these Standard Terms, if you die prior to ninety (90) days after terminating your
employment with the Corporation, the executor of your will or administrator of your estate may exercise the option, to the
extent not previously exercised and to the extent the option had vested on or prior to the date of your employment
termination, at any time prior to 365 days from the date of your employment termination.
The option shall terminate on the applicable expiration date described in this Section 8, to the extent that it is unexercised.
9.
DISABILITY
Except as expressly provided otherwise in these Standard Terms, following your termination of employment due to
Disablement, you may exercise the option, to the extent not previously exercised and whether or not the option had vested
on or prior to the date of employment termination, at any time prior to 365 days from the later of the date of your termination
of employment due to your Disablement or the date of determination of your Disablement as described in this Section 9;
provided, however, that while the claim of Disablement is pending, options that were unvested at termination of employment
may not be exercised and options