Intel 2005 Annual Report Download - page 272

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Exhibit 10.18
INTEL CORPORATION
NONQUALIFIED STOCK OPTION AGREEMENT
UNDER THE 2004 EQUITY INCENTIVE PLAN
(FOR GRANTS AFTER JANUARY 18, 2006 UNDER THE ELTSOP PROGRAM)
1.
1.
TERMS OF OPTION
This Nonqualified Stock Option Agreement (this “Agreement”), the Notice of Grant of Stock Options delivered herewith (the “Notice of
Grant”) and the Intel Corporation 2004 Equity Incentive Plan (the “2004 Plan”), as such may be amended from time to time, set forth
the terms of your option identified in the Notice of Grant for grants formerly known as ELTSOP grants. As used herein, the
“
Corporation
”
shall mean Intel Corporation and its Subsidiaries.
2.
NONQUALIFIED STOCK OPTION
This option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”) and will be interpreted accordingly.
3.
OPTION PRICE
The exercise price of this option (the “option price”) is 100% of the market value of the common stock of Intel Corporation (“Intel”),
$.001 par value (the “Common Stock”), on the date of grant, as specified in the Notice of Grant. “Market value” means the average of
the highest and lowest sales prices of the Common Stock as reported by NASDAQ.
4.
TERM OF OPTION AND EXERCISE OF OPTION
To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been
previously exercised, and subject to termination or acceleration as provided in this Agreement and the requirements of this
Agreement, the Notice of Grant and the 2004 Plan, you may exercise the option to purchase up to the number of shares of the
Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 5 or Sections 7 through 9 hereof,
no part of the option may be exercised after ten (10) years from the date of grant.
The process for exercising the option (or any part thereof) is governed by this Agreement, the Notice of Grant, the 2004 Plan and your
agreements with Intel
’
s stock plan administrator. Exercises of stock options will be processed as soon