Intel 1996 Annual Report Download - page 32

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3. PARTICIPANTS
"Participants" in the Plan shall be those key employees who have been employed by Intel for at least two years and to whom options may be
granted from time to time by the Committee.
No option shall be granted to any employee if immediately after the grant of such option such employee would own stock, including stock
subject to outstanding options held by him or her, amounting to more than five percent (5%) of the total combined voting power or value of all
classes of stock of the Corporation or any Subsidiary. Options may not be granted to non-employee directors or members of the Committee.
4. EFFECTIVE DATE AND TERMINATION OF PLAN
This Plan was last approved by the Corporation's stockholders on May 4, 1994. The Plan was amended and restated by the Board of Directors
in certain non-material respects on March 26, 1997.
The Plan shall remain available for the grant of options until all shares of stock available for grant under this Plan shall have been acquired
through exercise of options or until September 19, 1998 whichever is earlier. The Plan may be terminated at such earlier time as the Board of
Directors may determine. Termination of the Plan will not affect the rights and obligations arising under options theretofore granted and then in
effect.
5. SHARES SUBJECT TO THE PLAN AND TO OPTIONS
The stock subject to options authorized to be granted under the Plan shall consist of 20,000,000 shares of the Corporation's common stock, par
value $.001 ("Common Stock"), or the number and kind of shares of stock or other securities which shall be substituted or adjusted for such
shares as provided in Section 8. Such shares may be authorized and unissued shares of the Corporation's Common Stock. All or any shares of
stock subject to an option which for any reason terminates unexercised may again be made subject to an option under the Plan.