Non-Qualified Deferred Compensation for Fiscal

Year 2008

The following table shows the non-qualified deferred compensation activity for each listed officer during fiscal year 2008.

Name	Executive Contributions in Last Fiscal Year ($)⁽¹⁾	Intel Contributions in Last Fiscal Year ($)⁽²⁾	Aggregate Earnings (Losses) in Last Fiscal Year ($)⁽³⁾	Aggregate Balance at Last Fiscal Year-End ($)⁽⁴⁾

Paul S. Otellini	80,000	285,800	(2,288,000)	4,042,600
Stacy J. Smith	44,400	70,600	(674,600)	1,576,000
Andy D. Bryant	50,000	117,100	(2,279,900)	4,979,500
Sean M. Maloney	—	106,300	(335,400)	617,000
David Perlmutter	—	—	—	—

⁽¹⁾	Amounts included in the Summary Compensation table in the "Salary" and "Non-Equity Incentive Plan Compensation" columns.
⁽²⁾	Amounts included in the Summary Compensation table in the "All Other Compensation" column.
⁽³⁾	These amounts are not included in the Summary Compensation table because plan earnings were not preferential or above market.
⁽⁴⁾	The following amounts are also reported in the Summary Compensation table as 2006 and 2007 compensation (except for Mr. Smith, who was not a listed officer in 2006): Mr. Otellini, $435,100; Mr. Smith, $427,500; Mr. Bryant, $823,700; and Mr. Maloney, $438,900.

Intel will distribute the balances reported in the Non-Qualified Deferred Compensation table (plus any future contributions or earnings) to the listed officers in the manner that the officers have chosen under the plan's terms. The balance reported in the table above includes the offset amount that the employee would receive under the tax-qualified pension plan arrangement; the actual amount distributed under this plan will be reduced by the benefit under the pension plan arrangement. See the Pension Benefits table above for these amounts.

The following table summarizes the total contributions made by the participant and Intel, including gains and losses attributable to such contributions, that were previously reported (or that would have been reported had the participant been a listed officer for all years) in the Summary Compensation table over the life of the plan.

Name	Aggregate Executive Deferrals over Life of Plan ($)	Aggregate Intel Contributions over Life of Plan ($)

Paul S. Otellini	2,070,800	1,971,800
Stacy J. Smith	1,467,200	108,800
Andy D. Bryant	3,612,800	1,366,700
Sean M. Maloney	200,200	416,800
David Perlmutter	—	—

Intel's non-qualified deferred compensation plan allows highly compensated employees, including executive officers, to defer up to 50% of their salary and 100% of their annual incentive cash payment. Gains on equity compensation are not eligible for deferral. Intel's contributions to the employee's account represent the portion of Intel's profit sharing contribution on eligible compensation (consisting of base salary and annual and semiannual incentive cash payments) earned in excess of the tax code covered compensation limit of $230,000 in 2008. Intel's contributions are subject to the same vesting provisions as the profit sharing retirement plan. As of January 1, 2008, after two years of service, Intel's contributions vest in 20% annual increments until the participant is 100% vested after six years of service. Intel's contributions also vest in full upon death, disability, or reaching the age of 60, regardless of years of service. All listed officers are fully vested in the value of Intel's contributions, as they each have more than six years of service.

Intel does not provide a guaranteed rate of return on these funds. Thus, the amount of earnings that a participant receives depends on the participant's investment elections for his or her deferrals and on the performance of the company-directed diversified portfolio for Intel's contributions. The non-qualified deferred compensation plan offers the same investment choices as the 401(k) savings plan with respect to participant investments and uses the same company-directed diversified portfolio as the profit sharing retirement plan with respect to Intel's profit sharing contribution. Prior to 2008, upon enrollment, participants made a one-time, irrevocable distribution election: a lump sum in the year of employment termination, a lump sum in March of the year following the year of termination, or annual installments over five or 10 years. Beginning with the 2008 plan year, Intel provided participants with the flexibility to begin receiving their annual distributions at separation or a future date not less than 36 months from the deferral election date. Participants may make a hardship withdrawal under specific circumstances.