Intel 2013 Annual Report Download - page 130

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been made to the Covered Individual, not including the effect of any adjustments under Sections
4 (g) and (h), had the Plan Multiplier been calculated based on the Company’s financial
statements as restated. The Company will not be required to award Covered Individuals an
additional Annual Incentive Payment should the restated financial statements result in a higher
Annual Incentive Payment.
6. AMENDMENT AND TERMINATION
The Company reserves the right to amend or terminate this Plan at any time by action of
the Board of Directors or the Committee with respect to future services of Covered Individuals.
7. TAX WITHHOLDING
The Company shall have the right to make all payments or distributions pursuant to the
Plan to any person, net of any applicable federal, state and local payroll or withholding taxes, or
the applicable taxes of any foreign jurisdiction (collectively, “Taxes”), required to be paid or
withheld. The Company shall have the right to withhold from wages or other amounts otherwise
payable to such Covered Individual such Taxes as may be required by law, or if permitted by
law, to otherwise require the Covered Individual to pay such Taxes. If such person shall fail to
make such Tax payments as are required, the Company shall, to the extent permitted by law,
have the right to deduct any such Taxes from any payment of any kind otherwise due to such
Covered Individual or to take such other action as may be necessary to satisfy such Tax
obligations.
8. SEVERABILITY
If any provision of this Plan shall be held unlawful or otherwise invalid or unenforceable in
whole or in part by a court of competent jurisdiction, such provision shall (a) be deemed limited
to the extent that such court of competent jurisdiction deems it lawful, valid and/or enforceable
and as so limited shall remain in full force and effect, and (b) not affect any other provision of the
Plan or part thereof, each of which shall remain in full force and effect. If the making of any
payment or the provision of any other benefit provided for under the Plan shall be held unlawful
or otherwise invalid or unenforceable by a court of competent jurisdiction, such unlawfulness,
invalidity or unenforceability shall not prevent any other payment or benefit from being made or
provided under the Plan, and if the making of any payment in full or the provision of any other
benefit provided for under the Plan in full would be unlawful or otherwise invalid or
unenforceable, then such unlawfulness, invalidity or unenforceability shall not prevent such
payment or benefit from being made or provided in part, to the extent that it would not be
unlawful, invalid or unenforceable, and the maximum payment or benefit that would not be
unlawful, invalid or unenforceable shall be made or provided under the Plan.
9. NON-ASSIGNABILITY
Unless the Committee expressly provides otherwise in writing, no Covered Individual nor
any other person may sell, assign, convey, gift, pledge or otherwise hypothecate or alienate any
Annual Incentive Payment.
10. NON-EXCLUSIVITY OF THE PLAN
The adoption of the Plan by the Board of Directors and submission of the Plan to
stockholders for approval do not create any limitation on the power of the Committee or the
Board of Directors to adopt other cash or equity-based compensation programs. Neither the
adoption of the Plan by the Board of Directors nor the submission of the Plan to the stockholders
of the Company for approval shall be construed as creating any limitations on the power of the