Intel 2009 Annual Report Download - page 164

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INTEL CONFIDENTIAL
to Intel for the satisfaction of any withholding tax obligations that arise by reason of an option exercise and, if applicable, any
sale of shares of the Common Stock. Intel shall not be required to issue shares of the Common Stock or to recognize any
purported transfer of shares of the Common Stock until such obligations are satisfied. The Committee may permit these
obligations to be satisfied by having Intel withhold a portion of the shares of the Common Stock that otherwise would be
issued to you upon exercise of the option, or to the extent permitted by the Committee, by tendering shares of the Common
Stock previously acquired.
11.
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.
12.
DISPUTES
The Committee or its delegate shall finally and conclusively determine any disagreement concerning your option.
5.