Intel 2005 Annual Report Download - page 267

4.
7.
TERMINATION OF EMPLOYMENT
Except as expressly provided otherwise in this Agreement, if your employment by the Corporation terminates for any reason, whether
voluntarily or involuntarily, other than death, Disablement (defined below), or discharge for misconduct, you may exercise any portion
of the option that had vested on or prior to the date of termination at any time prior to ninety (90) days after the date of such
termination. The option shall terminate on the 90
th
day to the extent that it is unexercised. All unvested stock options shall be
cancelled on the date of employment termination, regardless of whether such employment termination is voluntary or involuntary.
For purposes of this Section 7, your employment is not deemed terminated if, prior to sixty (60) days after the date of termination from
Intel or a Subsidiary, you are rehired by Intel or a Subsidiary on a basis that would make you eligible for future Intel stock option
grants, nor would your transfer from Intel to any Subsidiary or from any one Subsidiary to another, or from a Subsidiary to Intel be
deemed a termination of employment. Further, your employment with any partnership, joint venture or corporation not meeting the
requirements of a Subsidiary in which Intel or a Subsidiary is a party shall be considered employment for purposes of this provision if
either (a) the entity is designated by the Committee as a Subsidiary for purposes of this provision or (b) you are designated as an
employee of a Subsidiary for purposes of this provision.
8.
DEATH
Except as expressly provided otherwise in this Agreement, if you die while employed by the Corporation, the executor of your will,
administrator of your estate or any successor trustee of a grantor trust may exercise the option, to the extent not previously exercised
and whether or not vested on the date of death, at any time prior to 365 days from the date of death.
Except as expressly provided otherwise in this Agreement, if you die prior to ninety (90) days after terminating your employment with
the Corporation, the executor of your will or administrator of your estate may exercise the option, to the extent not previously
exercised and to the extent the option had vested on or prior to the date of your employment termination, at any time prior to 365 days
from the date of your employment termination.
The option shall terminate on the applicable expiration date described in this Section 8, to the extent that it is unexercised.
9.
DISABILITY
Except as expressly provided otherwise in this Agreement, following your termination of employment due to Disablement, you may
exercise the option, to