Intel 2006 Annual Report Download - page 132

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6.
12.
TRANSFERABILITY OF OPTION
Unless otherwise provided by the Committee, each option shall be transferable only:
(a)
pursuant to your will or upon your death to your beneficiaries, or
(b) by gift to your Immediate Family (defined below), partnerships whose only partners are you or members of your
Immediate Family, limited liability companies whose only shareholders are you or members of your Immediate Family,
or trusts established solely for the benefit of you or members of your Immediate Family, or
(c) by gift to a foundation in which you and/or members of your Immediate Family control the management of the
foundation
’
s assets.
For purposes of these Standard Terms, “Immediate Family” is defined as your spouse or domestic partner, children,
grandchildren, parents, or siblings.
With respect to transfers by gift under subsection (b), options are transferable whether vested or not at the time of transfer.
With respect to transfers by gift under subsection (c), options are transferable only to the extent the options are vested at the
time of transfer. Any purported assignment, transfer or encumbrance that does not qualify under subsections (a), (b) and
(c) above shall be void and unenforceable against the Corporation.
Any option transferred by you pursuant to this section shall not be transferable by the recipient except by will or the laws of
descent and distribution.
The transferability of options is subject to any applicable laws of your country of residence or employment.
13.
DISPUTES
The Committee or its delegate shall finally and conclusively determine any disagreement concerning your option.
14.
AMENDMENTS
The 2006 Plan and the option may be amended or altered by the Committee or the Board of Directors of Intel to the extent
provided in the 2006 Plan.
15.
THE 2006 PLAN AND OTHER AGREEMENTS; OTHER MATTERS
(a) The provisions of these Standard Terms and the 2006 Plan are incorporated into the Notice of Grant by reference.
You hereby acknowledge that a copy of the 2006 Plan has been made available to