Intel 2007 Annual Report Download - page 126

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Exhibit 10.37
FIRST AMENDMENT
TO THE INTEL CORPORATION
SHELTERED EMPLOYEE RETIREMENT PLAN PLUS
The document, as amended and restated effective January 1, 2006
1. Effective January 1, 2008, the last sentence of the first paragraph of Section 1 of the Intel Corporation Sheltered Employee Retirement Plan
Plus is amended by replacing the term “Section 12” with “Section 13”.
2. Effective January 1, 2008, the last sentence of the fourth paragraph of Section 1 of the Intel Corporation Sheltered Employee Retirement
Plan Plus is amended by deleting the term “Internal Revenue”.
3. Effective January 1, 2008, Section 2(a) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended by replacing the term
“Company Contribution” with “Discretionary Intel Contribution”.
4. Effective January 1, 2008, Section 3(a) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended by replacing the term
“Section 3(a)(i)” with “Section 3(a)(1)” and the term “Section 3(a)(ii) with “Section 3(a)(2)”.
5. Effective January 1, 2008, Section 3(b)(2) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended by replacing the
phrase “A Participant may elect to have his taxable compensation reduced” at the beginning of the paragraph with the phrase “Other than for
amounts eligible for deferral under (1) above, a Participant may elect to have his Earnings reduced”.
6. Effective January 1, 2008, Section 4(b) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended by adding the term
“Code” immediately before the term “Section 415(c)(1)(A)”.
7. Effective January 1, 2008, the last sentence of Section 4(b) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended by
replacing the term “(as defined in the Intel Corporation Profit Sharing Plan)” with the term “(as defined in the Intel Corporation Profit Sharing
Retirement Plan)”.
8. Effective January 1, 2007, Section 6(c) of the Intel Corporation Sheltered Employee Retirement Plan Plus is amended in its entirety to read
as follows:
(c) The percentage of a Participant’
s Profit Sharing Account vested under this subparagraph shall be determined under the applicable vesting
schedule set forth in (1) or (2) below, as applicable.