Intel 2006 Annual Report Download - page 118

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(30) days before the Outside Director takes office provided that the deferral election shall apply only to the Director’s Cash
Compensation with respect to services performed after the election.
(o) “Outside Director” means a member of the Board of Directors who is not an employee of the Company.
(p) “Participant” means an Outside Director of the Company who has executed an Election Form and who, if cash has been
deferred, maintains a Participant’s Cash Deferral Account in the Plan.
(q) “Participant’s Cash Deferral Account ” means the account established for each Participant which shall be utilized solely
as a device to measure and determine the amount of deferred Director’s cash compensation to be paid under the Plan
(q) “Plan” means the “2006 Deferral Plan for Outside Directors” as set forth herein and as amended or restated from time to
time.
(r) “Plan Year” means January 1 through December 31.
(s) “Regular Cash Distribution Date” means the date on which a Termination Event occurs.
(s) “RSUs” means Restricted Stock Units issued through the Equity Plan. An RSU is an award of a right to receive, in cash or
stock (as determined under the Equity Plan) the market value of one Share, the grant, issuance, retention and/or vesting of which
is subject to such conditions as are expressed in the documents(s) evidencing the award.
(t) “Share” shall mean a share of common stock, $.001 par value, of the Company 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 11 of the Equity Plan.
(u) “Subsidiary”
means any corporation or entity in which Intel Corporation owns or controls, directly or indirectly, fifty percent
(50%) or more of the voting power or economic interests of such corporation or entity.
(v) “Termination Event” means an event constituting the cessation of a Participant’s status as a Director of the Company.
3. ADMINISTRATION OF THE PLAN
(a) 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.
( b) General Powers of Administration . The Plan shall be administered by the Company, as determined by the Corporate
Secretary or his designee or delegate. The
3