intel的股票期权计划

103/31/97Congratulations!WehavebeengivenagreatopportunitytoshareinIntel’ssuccess--------IntelStockOptionProgramwasapprovedinPRC203/31/97What’stheStockOptionProgram•AstockoptiongivesyoutherighttobuyashareofIntelstocksometimeinthefutureatapredeterminedoptionprice.•Thegoalofthestockoptionprogramis:toprovideacompetitiveplanwhichallowsustoattractandretainemployeesatalllevelsofthecorporation303/31/97Eligibility&OptionGrant•AllemployeesconsideredbyInteltoberegularfull-timeemployeesareeligibletoberecommendedforstockoptiongrantsat:–Focal–Attimeofhire•Actualnumberofsharesrecommendeddependon–grade–Location–Performance403/31/97Vesting(waiting)Period•Itisthetimebetweenthedategrantedandcanbeexercised(sale)•Firsttimeparticipants–Aportionofthetotalsharesvestsineachofthefirstfiveyears503/31/97FirstTimeParticipantsGrant,VestingAndExpireDateExplained.•StockOptionswhenfirstgrantedarenormallygrantedovera5yearperiodandthereafteragrantisgiveninoneyearlyincrements.•Example:EmployeeGranted25StockOptionsinApril199719971998199920002001NoofShares55555VestingDate:19981999200020012002ExpireDate:20032004200520062007603/31/97ExistingParticipantsGrant,VestingAndExpireDateExplained.•StockOptionswhenforexistingparticipantswillhaveafive-yearbestingperiod•Example:Employeefirstgranted25StockOptionsinApril19971998focalgrantedanother25options,1999focalgranted40options19981999200020012002200320041997grants555551998grants251999grants40VestingDate:20032004ExpireDate:2003200420052006200720082009703/31/97OptionPriceandHowItDetermined•Optionpriceistheaverageofthehigh&lowmarketpriceofIntelstockonthedaytheoptiongrantisapproved•Whateverthemarketpricemaybe,atthetimeofsale,theoptionpriceofaparticulargrant-----remainsfixed803/31/97ExercisingYourOption•Youmaysaleyouroptionsatanytimefromthevesteddatetotheexpirationdate(5years)•“Same-daysell”willbeusedbyPRCemployees–Buysharesandsellthemonthesameday–Willnotrequiremoneyfromyourownpocket903/31/97StockOptionProgramBenefitsinSummary•INVESTORinIntelshare•ZEROCapitalInvestment•PROFITSwhenIntelsharesrises(withvestedoptions)1003/31/97SomeThoughtsAboutStockOptions•Stockoptionplansonlypayoffwhenthestockgoesup•Improvingourfinancialperformanceistheonlywaytomakeyouroptionworthsomething•Stockoptionprovideanemployeewithariskfreeinvestmentopportunity.•Optionrecommendationswillbebasedonperformanceforallemployees