Intel said on February 15, 2024 that its Talent and Compensation Committee of the Board of Directors adopted the Cash Severance Policy.

1. 01

   Intel said on February 15, 2024 that its Talent and Compensation Committee of the Board of Directors adopted the Cash Severance Policy.

2. 02

   Intel said it will not enter into any new employment or severance agreement with its executive officers, or establish any new severance plan or policy covering them, that provides for cash severance benefits exceeding 2.99 times the sum of the executive officer's base salary plus target annual bonus opportunity, without seeking stockholder ratification of that agreement, plan or policy.

3. 03

   The company said the policy applies to new employment and severance agreements with executive officers and to any new severance plan or policy covering executive officers.

4. 04

   The company said the full text of the policy is filed as Exhibit 10.1, the Intel Corporation Executive Officer Cash Severance Policy, and that this filing's description is a summary.

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Original filing

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