Intel 2005 Annual Report Download - page 247

Exhibit 10.15
INTEL CORPORATION
2004 EQUITY INCENTIVE PLAN
STANDARD TERMS AND CONDITIONS RELATING TO NON-
QUALIFIED STOCK OPTIONS GRANTED ON AND AFTER JANUARY
18, 2006 UNDER THE INTEL CORPORATION 2004 EQUITY INCENTIVE PLAN (other than grants made under the SOP Plus or
ELTSOP programs)
1.
1.
TERMS OF OPTION
The following standard terms and conditions (“Standard Terms”) apply to Non-Qualified Stock Options granted to U.S. employees
under the Intel Corporation 2004 Equity Incentive Plan (the “2004 Plan”) (other than grants made under the SOP Plus or ELTSOP
programs).
2.
NONQUALIFIED STOCK OPTION
The option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”) and will be interpreted accordingly.
3.
OPTION PRICE
The exercise price of the option (the “option price”) is 100% of the market value of the common stock of Intel Corporation (“Intel”
or the
“Corporation”), $.001 par value (the “Common Stock”), on the date of grant, as specified in the Notice of Grant. “Market value” means
the average of the highest and lowest sales prices of the Common Stock as reported by NASDAQ.
4.
TERM OF OPTION AND EXERCISE OF OPTION
To the extent the option has become exercisable (vested) during the periods indicated in the Notice of Grant and has not been
previously exercised, and subject to termination or acceleration as provided in these Standard Terms and the requirements of these
Standard Terms, the Notice of Grant and the 2004 Plan, you may exercise the option to purchase up to the number of shares of the
Common Stock set forth in the Notice of Grant. Notwithstanding anything to the contrary in Section 5 or Sections 7 through 10 hereof,
no part of the option may be exercised after seven (7) years from the date of grant.
The process for exercising the option (or any part thereof) is governed by these Standard Terms, the Notice of Grant, the 2004 Plan
and your agreements with Intel’s stock plan administrator. Exercises of stock options will be processed as soon as practicable. The
option price may be paid (a) in cash, (b) by arrangement with Intel’s stock plan administrator which is acceptable to Intel where
payment of the option price is made pursuant to an irrevocable direction to the broker to deliver all or part of the proceeds from the
sale of the shares of the Common Stock issuable under the option to Intel, (c) by delivery of any other lawful consideration approved
in advance by the Committee of the Board of Directors of Intel established pursuant to the 2004 Plan (the “Committee”) or its