Intel 2009 Annual Report Download - page 149

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Exhibit 10.49
INTEL CONFIDENTIAL
INTEL CORPORATION
RESTRICTED STOCK UNIT AGREEMENT
UNDER THE 2006 EQUITY INCENTIVE PLAN
(for RSUs granted after January 22, 2010 under the standard OSU program)
1.
TERMS OF RESTRICTED STOCK UNIT
This Restricted Stock Unit Agreement (this “Agreement”), the Notice of Grant delivered herewith (the “Notice of Grant”) and
the Intel Corporation 2006 Equity Incentive Plan (the “2006 Plan”),
as such may be amended from time to time, constitute the
entire understanding between you and Intel Corporation (the “Corporation”) regarding the Restricted Stock Units (“RSUs”)
identified in your Notice of Grant.
2.
VESTING OF RSUs
Provided that you remain continuously employed by the Corporation or a Subsidiary on a full time basis from the Grant Date
specified in the Notice of Grant through the vesting date specified in the Notice of Grant, then as of the vesting date the
RSUs shall vest and be converted into the right to receive the number of shares of the Corporation’s Common Stock, $.001
par value (the “Common Stock”), determined by multiplying the Target Number of Shares as specified on the Notice of Grant
by the conversion rate as set forth below, and except as otherwise provided in this Agreement. If a vesting date falls on a
weekend or any other day on which the NASDAQ Stock Market (
“NASDAQ”) is not open, affected RSUs shall vest on the
next following NASDAQ business day.
RSUs will vest to the extent provided in and in accordance with the terms of the Notice of Grant and this Agreement. If your
status as an Employee terminates for any reason except death, Disablement (defined below) or Retirement (defined below),
prior to the vesting date set forth in your Notice of Grant, your unvested RSUs and dividend equivalents will be cancelled.
3.
CONVERSION OF RSUs
The conversion rate of RSUs into the right to receive a number of shares of Common Stock depends on the Corporation’s
Total Stockholder Return (“Intel TSR”) relative to the Total Stockholder Return of the Comparison Group (“CG TSR”) at the
end of the Performance Period, as those terms are defined below. The minimum conversion rate shall be 33% of the Target
Number of Shares as specified on the Notice of Grant and the maximum conversion rate shall be 200% of the Target
Number of Shares as specified on the Notice of Grant. If the Intel TSR and CG TSR are within 1 percentage point, the
conversion rate shall be 100%. If the Intel TSR is less than the CG TSR, the conversion rate shall be 100% minus two times
the difference in percentage points. If the Intel TSR is greater than the CG TSR, the conversion rate shall be 100% plus three
times the difference in
1.