Intel adopts policy requiring stockholder vote for executive cash severance over 2.99x base salary plus bonus

INTEL CORP

Policy adopted Feb. 15, 2024; applies to new employment/severance agreements with executive officers.
Cash severance benefits capped at 2.99x base salary plus target annual bonus without stockholder ratification.
Excludes equity awards, legal settlements, perquisites, deferred comp, earned bonuses, accrued pay, and expense reimbursements.
Executive officers defined as Section 16 officers under Rule 16a-1(f).

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