EX-10.7
from 10-Q
4 pages
Personal & Confidential December 15, 2023 Justin Hotard Re: Employment Offer Dear Justin: Congratulations! On Behalf of Intel Corporation (“Intel” or the “Company”), I Am Pleased to Offer You the Position of Executive Vice President and General Manager, Datacenter and Ai, Reporting to Pat Gelsinger, Intel’s Chief Executive Officer. the Role Will Be Based in Santa Clara, California. Target Total Annual Compensation. Your Target Total Annual Compensation Is $10,227,500; This Is Composed of Your Base Salary, Target Cash Bonus Incentive, and Annual Long-Term Incentive Equity Award, Each as Further Detailed Below. Base Salary. Your Starting Annual Base Salary (“Base Salary”) Will Be $825,000, Less Applicable Taxes, Deductions, and Withholdings
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EX-10.1
from 8-K
8 pages
Congratulations! On Behalf of Intel Corporation (“Intel” or the “Company”), I Am Pleased to Provide This Offer to You for the Position of Chief Executive Officer Effective as of Your Employment Start Date (The “Effective Date”), Reporting to the Intel Board of Directors (The “Board”). You Will Also Be Appointed to the Board and for as Long as You Remain Chief Executive Officer, You Will Be Nominated for Election to the Board at Each Annual Stockholder Meeting at Which Directors Are to Be Elected. Upon Your Termination as Chief Executive Officer for Any Reason, You Shall Automatically Be Deemed to Have Resigned From the Board and Any Board Member or Officer Positions With the Company and/or Any Subsidiary That You Hold and Will Cease to Be a Service Provider to the Company. Base Salary. Your Annual Base Salary Will Be $1,000,000, Less Applicable Taxes, Deductions and Withholdings. This Base Salary Will Be Reviewed Annually as Part of Our Performance Review Process and Will Increase Commensurate With Your Performance, as Assessed by the Board
12/34/56