Intel 1998 Annual Report Download - page 26

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SECTION 3.3 CESSATION OF PARTICIPATION. Participation in the Plan shall continue until all of the Benefits to which the Participant is
entitled have been paid in full.
ARTICLE 4. ENTRIES TO THE ACCOUNT
SECTION 4.1 DEFERRALS. The Company shall use Common Stock as a basis for measuring the performance of the Account under Section
4.2.
(a) The Company shall post to the Account of such Participant a number of Deferred Compensation Units equivalent to the amount of
Director's Compensation to be deferred as designated by the Participant's deferral election as specified in his or her Deferred Compensation
Agreement in effect for the Plan Year;
(b) Deferrals of Director's Compensation (and the corresponding number of Deferred Compensation Units) relating to quarterly retainers shall
be posted as of the last day of the fiscal quarter in which the Director's Compensation was earned. Deferrals of Director's Compensation (and
the corresponding number of Deferred Compensation Units) relating to all other forms of Director's Compensation shall be posted as of the last
day of the month in which the Director's Compensation was earned.
(c) The number of Deferred Compensation Units posted to a Participant's Account shall be calculated by dividing: (i) the dollar amount of
Director's Compensation deferred by (ii) the Closing Price of the Company's Common Stock on the last trading day before the Deferred
Compensation Units are posted.
SECTION 4.2 CREDITING RATE. The Participant's Account will be valued as if his or her Account were invested in shares of Common
Stock equal to the number of Deferred Compensation Units posted to his or her Account. The value of a Participant's Account will vary with
the value of the Company's Common Stock. The Participant's Account will be credited, as of the applicable dividend payment date, with
additional Deferred Compensation Units, of a value equal to the per share dividend declared on the Company's Common Stock times the
number of Deferred Compensation Units posted to the Participant's Account as of the record date with respect to the declaration of such
dividend. As of any date of valuation, the value of a Participant's Account will be equal to the value (at the Closing Price on such date) of the
number of shares of Common Stock represented by the Deferred Compensation Units credited to the Account as of that date.
SECTION 4.3 DISTRIBUTIONS. The Participant's Account shall be debited for the amount of any distributions by dividing: (i) the dollar
amount of the distribution by (ii) the Closing Price of the Company's Common Stock on the last trading day of the month with respect to which
the distribution was made.
ARTICLE 5. BENEFITS
4.