Amendment to Intel Corporation 2007 Executive Officer Incentive Plan (Section 4(b)(iii))

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Intel Corporation 2007 Executive Officer Incentive Plan, effective January 1, 2012. It revises Section 4(b)(iii) to specify that the percentage of performance against operational goals, as determined by the Committee, cannot exceed 250% for each performance period. The amendment clarifies how executive incentive payouts are calculated based on performance.

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EX-10.31 2 d302695dex1031.htm AMENDMENT TO THE INTEL CORPORATION 2007 EXECUTIVE OFFICER INCENTIVE PLAN AMENDMENT TO THE INTEL CORPORATION 2007 EXECUTIVE OFFICER INCENTIVE PLAN

Exhibit 10.31

AMENDMENT TO THE

INTEL CORPORATION 2007 EXECUTIVE OFFICER INCENTIVE PLAN

Effective as of January 1, 2012, Section 4(b)(iii) of the Intel Corporation 2007 Executive Officer Incentive Plan is amended in its entirety to read as follows:

“(iii)     is the percentage of performance against operational goals, not to exceed 250%, (as determined by the Committee in its sole discretion with respect to each performance period).”