Intel 2013 Annual Report Download - page 131

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Board of Directors or the Committee to adopt such other incentive arrangements as either may
deem desirable, including, without limitation, cash or equity-based compensation arrangements,
either tied to performance or otherwise, and any such other arrangements as may be either
generally applicable or applicable only in specific cases.
11. EMPLOYMENT AT WILL
Neither the Plan, the selection of a person as a Covered Individual, the payment of any
Annual Incentive Payment to any Covered Individual, nor any action by the Company or the
Committee shall be held or construed to confer upon any person any right to be continued in the
employ of the Company. The Company expressly reserves the right to discharge any Covered
Individual whenever in the sole discretion of the Company its interest may so require.
12. NO VESTED INTEREST OR RIGHT
At no time before the actual payment of an Annual Incentive Payment to any Covered
Individual or other person shall any Covered Individual or other person accrue any vested
interest or right whatsoever under the Plan, and the Company has no obligation to treat Covered
Individuals identically under the Plan.
13. GOVERNING LAW
The Plan and any agreements and documents hereunder shall be interpreted and
construed in accordance with the laws of the State of Delaware and applicable federal law. The
Committee may provide that any dispute concerning the Plan shall be presented and
determined in such forum as the Committee may specify, including through binding arbitration.
14. EFFECTIVE DATE
The Plan was effective as of January 1, 2007, subject to approval by vote of stockholders
at the Company’s 2007 annual meeting. This Plan was amended and restated, effective as of
January 1, 2012. This Plan was further amended and restated effective as of January 1, 2014.