Intel 2007 Annual Report Download - page 129

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services that generated the Earnings were performed. If a Participant’s Termination Date precedes the In-Service Distribution Date and the
Participant elected one of the distribution options in Section 8(c)(2), the distribution will begin in the third month of the Plan Year following
the Participant’s Termination Date and not on the later In-Service Distribution date elected. If a Participant’s Termination Date precedes the
In-Service Distribution Date and the Participant elected the cash lump sum option in Section 8(c)(1)(A), the lump sum will be paid out as
soon as reasonably practicable after the Participant’s Termination Date and not on the later In-Service Distribution date elected.
(iii) Re-deferral of Distribution Election : While still Employees, Participants may elect to further defer the date ( but not change the
method) of distributions provided that the new election is made at least twelve (12) months before the first distribution was originally due
and the distribution is re-deferred for at least five (5) years beyond the original distribution date. If a Participant’s Termination Date
precedes the re-deferral date, the distribution method elected will begin on the Termination Date and not on the later re-
deferral date elected.
(4) QDRO : Amounts due to an Alternative Payee pursuant to a QDRO (as described in Section 9(j) of this Plan) will be distributed as a
cash lump sum as soon as administratively feasible following the qualification of the QDRO and segregation of the Alternate Payee’s award,
pursuant to the administrative procedures established for the Plan. No alternative distribution elections are available.
(5) Small Benefits Rule : In the event that the Participant’s Plan Benefit is $5,000 or less, then the distribution of the Participant’s Plan
Benefit shall be made in a cash lump sum as soon as reasonably practicable after the Participant’s Termination date, regardless of outstanding
elections.
16. Effective January 1, 2008, the last sentence of Section 13(j) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended
by replacing the term “such items include” with the term “such excluded items include” and by adding the following sentence to the end of the
subsection:
Earnings will not include Employee Cash Bonus Plan payments awarded for services performed on or after January 1, 2008.
17. Effective January 1, 2008, Section 13(m) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended by adding the
following sentence immediately after the first sentence in the paragraph.
In any case, the Employee must be Grade 10-20 or 86-89 to be considered an Eligible Employee.
4