Intel 2006 Annual Report Download - page 131

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5.
that were vested at termination of employment may be exercised only during the period set forth in Section 7 hereof. The
option shall terminate on the 365th day from the date of determination of Disablement, to the extent that it is unexercised.
For purposes of these Standard Terms, “Disablement”
shall be determined in accordance with the standards and procedures
of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the
event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary
that employs you, “Disablement” shall have the same meaning as disablement is defined in the Intel Long Term Disability
Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of
performing work in any occupation, as determined by the Corporation.
10.
RETIREMENT
For purposes of by these Standard Terms, “Retirement” shall mean either Standard Retirement or the Rule of 75, defined as
follows:
(a) Standard Retirement means that you retire at or after age 60; or
(b) Rule of 75 means that your age plus years of service with the Corporation (in each case measured in complete, whole
years) equals or exceeds 75.
Following your Retirement from the Corporation, you may exercise the option at any time prior to the second anniversary of
your date of Retirement, to the extent that it had vested as of your date of Retirement. The option shall terminate on the day
before the second anniversary of your date of Retirement, to the extent that it is unexercised.
11.
INCOME TAXES WITHHOLDING
Nonqualified stock options are taxable upon exercise. To the extent required by applicable federal, state or other law, you
shall make arrangements satisfactory to Intel for the satisfaction of any withholding tax obligations that arise by reason of an
option exercise and, if applicable, any sale of shares of the Common Stock. Intel shall not be required to issue shares of the
Common Stock or to recognize any purported transfer of shares of the Common Stock until such obligations are satisfied.
The Committee may permit these obligations to be satisfied by having Intel withhold a portion of the shares of the Common
Stock that otherwise would be issued to you upon exercise of the option, or to the extent permitted by the Committee, by
tendering shares of the Common Stock previously acquired.