Intel Corporation
Intel Adopts New Executive Severance Policy
Summary
On February 15, 2024, Intel Corporation announced a new policy that limits cash severance benefits for executive officers to 2.99 times the sum of their base salary and target annual bonus opportunity. This policy applies to any new employment or severance agreements and plans without stockholder ratification, as detailed in Exhibit 10.1.
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Exhibits (1)
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About Intel Corporation
Intel Corporation is a multinational corporation and technology company known for its semiconductor products. As a leader in the global semiconductor industry, Intel primarily focuses on designing and manufacturing products like microprocessors, integrated graphics, and other computing components. These semiconductors are vital for the functioning of computers, laptops, and various consumer electronic devices. Intel's products play a crucial role in fields such as data centers, computing solutions, Internet of Things (IoT), and more. The company’s innovations in semiconductor design have significant implications for technology advancement, impacting industries ranging from personal computing to automotive technology. Founded in 1968 and headquartered in Santa Clara, California, Intel Corporation has been a pivotal player in pioneering advances in technology infrastructure worldwide, continuously pushing the boundaries of processing power and efficiency to support consumer electronics and enterprise technology needs.
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