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Exhibit 10.7
INTEL CORPORATION
1997 STOCK OPTION PLAN
(Amended and Restated Effective July 16, 1997)
1.
PURPOSE
The purpose of this Intel Corporation 1997 Stock Option Plan (the “Plan”) is to advance the interests of Intel Corporation, a Delaware
corporation (hereinafter “Intel”), by stimulating the efforts of non-officer employees who are selected to be participants by heightening
the desire of such persons to continue in working toward and contributing to the success of Intel. Stock options granted pursuant to this
Plan are not incentive stock options, as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).
2.
DEFINITIONS
(a)
“Board of Directors” means the Board of Directors of Intel.
(b)
“Committee” means the Board of Directors and/or a committee of the Board of Directors acting pursuant to its authorization
to administer this Plan under Section 4.
(c)
“Common Stock” means Intel Corporation’s Common Stock, par value $.001, as presently constituted, subject to adjustment,
and including other securities, as provided in Section 8.
(d)
“Corporation” means Intel and its Subsidiaries and affiliates, unless the context otherwise requires.
(e)
“Plan” means the Intel Corporation 1997 Stock Option Plan.
(f)
“Subsidiary” means any corporation (other than Intel) in an unbroken chain of corporations beginning with Intel where each
of the corporations in the unbroken chain other than the last corporation owns stock possessing 50 percent or more of the total
combined voting power of all classes of stock in one of the other corporations in such chain.
(g)
“Immediate Family” means the spouse, children and grandchildren of the Participant (as defined in Section 5 hereof).
3.
COMMON STOCK SUBJECT TO THE PLAN AND TO OPTIONS
Subject to adjustment as provided in Section 8, the maximum number of shares of Common Stock which may be issued pursuant to this
Plan shall not exceed 130,000,000 shares (as adjusted automatically by the Plan’s terms effective July 13, 1997, to reflect a stock split
effected in the form of a stock distribution).
1.