Intel 1998 Annual Report Download - page 29

SECTION 8.1 SOURCES OF BENEFITS. All benefits under the Plan shall be paid when due by the Company out of its assets or from an
irrevocable trust established by the Company for that purpose.
SECTION 8.2 NO CLAIM ON SPECIFIC ASSETS. No Participant shall be deemed to have, by virtue of being a Participant in the Plan, any
claim on any specific assets of the Company such that the Participant would be subject to income taxation on his benefits under the Plan prior
to distribution and the rights of Participants and Beneficiaries to benefits to which they are otherwise entitled under the Plan shall be those of
an unsecured general creditor of the Company.
ARTICLE 9. ADMINISTRATION OF THE PLAN
SECTION 9.1 ADMINISTRATION BY THE COMPANY. The Company shall be responsible for the general operation and administration of
this Plan and for carrying out the provisions thereof.
SECTION 9.2 GENERAL POWERS OF ADMINISTRATION. The Plan shall be administered by the Company, as determined by the
Corporate Secretary or his designee or delegatee. The Company shall be entitled to rely conclusively upon all tables, valuations, certificates,
opinions and reports furnished by any actuary, accountant, controller, counsel or other person employed or engaged by the Company with
respect to this Plan. Neither any Participant nor any Beneficiary shall have any legal or equitable interest in such assets or policies, or any other
asset of the Company.
SECTION 9.3 CLAIMS PROCEDURE. The Company shall notify a Participant in writing within ninety (90) days of the Participant's written
application for benefits of his eligibility or non-eligibility for benefits under the Plan. If the Company determines that a Participant is not
eligible for benefits or full benefits, the notice shall set forth (i) the specific reasons for such denial,
(ii) a specific reference to the provision of the Plan on which the denial is based, (iii) description of any additional information or material
necessary for the claimant to perfect his claim, and a description of why it is needed, and an explanation of the Plan's claims review procedure
and other appropriate information as the steps to be taken if the Participant wishes to have his claim reviewed. If the Company determines that
there are special circumstances requiring additional time to make a decision, the Committee shall notify the Participant of the special
circumstances and the date by which a decision is expected to be made, and may extend the time for an additional 90-day period. If a
Participant is determined by the Company to be not eligible for benefits, or if the Participant believes that he is entitled to greater or different
benefits, he shall have the opportunity to have his claim reviewed by the Company by filing a petition for review with the Company within
sixty (60) days after receipt by him of the notice issued by the Committee. Said petition shall state the specific reasons the Participant believes
he is entitled to benefits or greater or different benefits. Within sixty (60) days after receipt by the Company of said petition, the Company shall
afford the Participant (and his counsel, if any) an opportunity to present his position to the Company orally or in writing, and said Participant
(or his counsel) shall have the right to review the pertinent documents, and the Company shall
7.