Intel 2009 Annual Report Download - page 144

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INTEL CONFIDENTIAL
For purposes of this Section 9, “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
Except as expressly provided otherwise in these Standard Terms, if your employment terminates as a result of Retirement,
your RSUs and dividend equivalents will become one hundred percent (100%) vested upon the date of your Retirement. For
purposes of this Section 10, “Retirement” shall mean:
(a) You terminate employment with the Corporation at or after age 60 (“Standard Retirement”); or
(b) You terminate employment with the Corporation and as of the termination date your age plus years of service (in each
case measured in complete, whole years) equals or exceeds 75 (“Rule of 75”).
11.
TAX WITHHOLDING
RSUs and dividend equivalents are taxable upon vesting based on the Market Value on the date of vesting. To the extent
required by applicable federal, state or other law, you shall make arrangements satisfactory to the Corporation for the
payment and satisfaction of any income tax, social security tax, payroll tax, or payment on account of other tax related to
withholding obligations that arise by reason of vesting of a RSU and, if applicable, any sale of shares of the Common Stock.
The Corporation shall not be required to issue or lift any restrictions on shares of the Common Stock pursuant to your RSUs
and dividend equivalents or to recognize any purported transfer of shares of the Common Stock until such obligations are
satisfied.
Unless provided otherwise by the Committee, these obligations will be satisfied by the Corporation withholding a number of
shares of Common Stock that would otherwise be issued under the RSUs and dividend equivalents that the Corporation
determines has a Market Value sufficient to meet the tax withholding obligations. In the event that the Committee provides
that these obligations will not be satisfied under the method described in the previous sentence, you authorize UBS Financial
Services Inc., or any successor plan administrator, to sell a number of shares of Common Stock that are issued under the
RSUs and dividend equivalents, which the Corporation determines is sufficient to generate an amount that meets the tax
withholding obligations plus additional shares to
6.