2010 Summary Compensation

The following table lists the annual compensation for fiscal years 2010, 2009, and 2008 of our CEO, CFO, and our three other most highly compensated executive officers in 2010 (referred to as listed officers).

2010 Summary Compensation Table

Name and Principal Position	Year	Salary ($)	Bonus ($)⁽¹⁾	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Change in Pension Value and Non-Qualified Deferred Compensation Earnings ($)	All Other Compensation ($)	Total ($)

Paul S. Otellini President Chief Executive Officer	2010	1,000,000	30,400	6,236,800	1,082,200	6,790,000	131,000	382,100	15,652,500
	2009	1,000,000	—	6,684,000	1,182,000	5,251,500	174,000	290,400	14,581,900
	2008	1,000,000	—	4,343,100	2,881,800	3,873,300	—	309,600	12,407,800
Stacy J. Smith Senior Vice President Chief Financial Officer	2010	475,000	10,400	2,281,700	816,200	1,575,000	55,000	100,600	5,313,900
	2009	425,000	—	2,391,700	789,900	1,174,800	74,000	82,100	4,937,500
	2008	425,000	—	808,700	1,657,800	871,500	—	85,900	3,848,900
Andy D. Bryant Executive Vice President, Technology, Manufacturing, and Enterprise Services Chief Administrative Officer	2010	520,000	12,800	4,601,800	744,600	2,292,300	135,000	144,600	8,451,100
	2009	500,000	—	3,000,000	750,000	1,857,300	178,000	107,800	6,393,100
	2008	500,000	—	894,100	1,729,100	1,311,000	—	130,900	4,565,100
David Perlmutter⁽²⁾ Executive Vice President and General Manager, Intel Architecture Group	2010	506,200	11,200	3,002,300	1,182,900	1,837,000	221,600	398,100	7,159,300
	2009	453,900	—	3,051,400	993,500	1,376,600	145,600	389,700	6,410,700
	2008	446,100	—	980,300	2,083,100	1,021,100	280,400	311,000	5,122,000
A. Douglas Melamed⁽³⁾ Senior Vice President General Counsel	2010	600,000	12,600	2,342,200	496,400	1,887,500	—	21,500	5,360,200


Total	2010	3,101,200	77,400	18,464,800	4,322,300	14,381,800	542,600	1,046,900	41,937,000
	2009	2,378,900	—	15,127,100	3,715,400	9,660,200	571,600	870,000	32,323,200
	2008	2,371,100	—	7,026,200	8,351,800	7,076,900	280,400	837,400	25,943,800

⁽¹⁾	This was a special bonus paid to all eligible employees, including the listed officers, for their contribution in achieving an Intel milestone: Intel's first year when revenue exceeded $40 billion. This special bonus is equivalent to three days of compensation.
⁽²⁾	Mr. Perlmutter receives his cash compensation in Israeli shekels. The amounts reported above in the "Salary," "Bonus," "Non-Equity Incentive Plan Compensation," and certain amounts within the "All Other Compensation" columns were converted to U.S. dollars using a rate of 3.59 shekels per dollar, calculated as of December 25, 2010 for 2010; 3.80 shekels per dollar, calculated as of December 24, 2009 for 2009; and 3.87 shekels per dollar, calculated as of December 26, 2008 for 2008. In 2009, Mr. Perlmutter received an additional $10,800 for relocation that was not previously reported due to the late timing of a supplier invoice; this amount has been added to the table above.
⁽³⁾	Mr. Melamed was hired in November 2009 and was not a listed officer in fiscal year 2009 or 2008.

Total Compensation

Total compensation as reported in the Summary Compensation table increased 13% from 2009 to 2010 for listed officers (excluding Mr. Melamed, who was not a listed officer in fiscal year 2009 or 2008), primarily because of increases in payouts under our performance-based cash compensation.

Equity Awards

Under SEC rules, the values reported in the "Stock Awards" and "Option Awards" columns of the Summary Compensation table reflect the aggregate grant date fair value of grants of stock options and stock awards to each of the listed officers in the years shown.

We calculate the grant date fair value of stock options using the Black-Scholes option pricing model. Because we do not pay or accrue dividends or dividend-equivalent amounts on unvested RSUs, we calculate the grant date fair value of an RSU by taking the value of Intel common stock on the date of grant and reducing it by the present value of dividends expected to be paid on Intel common stock before the RSU vests. The grant date fair values of OSUs are provided to us by Radford, an AonHewitt consulting company.

The following table includes the assumptions used to calculate the aggregate grant date fair value of awards reported for 2010, 2009, and 2008 on a grant-date by grant-date basis.

	Assumptions
Grant Date	Volatility (%)	Expected Life (Years)	Risk-Free Interest Rate (%)	Dividend Yield (%)

1/17/08	38	7.5	3.6	2.6
4/17/08	34	4.8	2.9	2.5
1/23/09	51	7.5	2.7	4.2
4/16/09	46	4.8	1.6	3.5
1/22/10	30	5.1	2.0	3.1
4/15/10⁽¹⁾	n/a	n/a	0.8	2.6

⁽¹⁾	RSUs were the only awards granted on this date; therefore, the "volatility" and "expected life (years)" assumptions were not applicable.

Non-Equity Incentive Plan Compensation

The amounts in the "Non-Equity Incentive Plan Compensation" column of the Summary Compensation table include annual incentive cash payments made under the EOIP and semiannual incentive cash payments. The allocation of payments was as follows:

Name	Year	Annual Incentive Cash Payments ($)	Semiannual Incentive Cash Payments ($)	Total Incentive Cash Payments ($)

Paul S. Otellini	2010	6,524,000	266,000	6,790,000
	2009	5,110,000	141,500	5,251,500
	2008	3,724,000	149,300	3,873,300
Stacy J. Smith	2010	1,484,000	91,000	1,575,000
	2009	1,131,500	43,300	1,174,800
	2008	824,600	46,900	871,500
Andy D. Bryant	2010	2,180,500	111,800	2,292,300
	2009	1,800,100	57,200	1,857,300
	2008	1,250,200	60,800	1,311,000
David Perlmutter	2010	1,738,700	98,300	1,837,000
	2009	1,327,200	49,400	1,376,600
	2008	970,900	50,200	1,021,100
A. Douglas Melamed	2010	1,780,000	107,500	1,887,500

Change in Pension Value and Non-Qualified Deferred Compensation Earnings

Amounts reported represent the actuarial increase in the pension plan arrangement (other than for Mr. Perlmutter and Mr. Melamed). Since the benefit that executive officers have in the tax-qualified pension plan arrangement is a fixed dollar amount payable at age 65, year-to-year differences in the present value of the accumulated benefit arise solely from changes in the interest rate used to calculate present value and the participant's age becoming closer to age 65. The listed officers (other than Mr. Perlmutter and Mr. Melamed) had an overall increase in 2010 because the interest rate used to calculate present value decreased from 6.1% for 2009 to 5.8% for 2010. They had an overall increase in 2009 because the interest rate decreased from 6.7% for 2008 to 6.1% for 2009. Mr. Perlmutter participates in a pension savings plan and a severance plan for Israeli employees, which are explained further in "Retirement Plans for Mr. Perlmutter" following the Pension Benefits for Fiscal Year 2010 table. The changes in pension value reported above in the Summary Compensation table are the increases in the balance of the pension savings plan (less Mr. Perlmutter's contributions) and the increase in the actuarial value for the severance plan. Mr. Melamed was not eligible to participate in the pension plan until January 1, 2011.

All Other Compensation

The amounts in the "All Other Compensation" column of the Summary Compensation table include tax-qualified discretionary company contributions to the retirement contribution plan, discretionary company contributions credited under the retirement contribution component of the non-qualified deferred compensation plan, matching charitable contributions from the Intel Foundation, and payments in connection with listed officer relocations, as detailed in the table below. Amounts included in the "Retirement Plan Contributions" and "Deferred Compensation Plan Contributions" columns will be paid to the listed officers only upon the latest to occur: retirement, termination, disability, death, or reaching age 70½.

Name	Year	Retirement Plan Contributions ($)	Deferred Compensation Plan Contributions ($)	Matching Charitable Contributions ($)	Relocation Payments ($)	Total All Other Compensation ($)

Paul S. Otellini	2010	14,700	364,900	2,500	—	382,100
	2009	14,700	275,700	—	—	290,400
	2008	13,800	285,800	10,000	—	309,600
Stacy J. Smith	2010	14,700	85,900	—	—	100,600
	2009	14,700	62,400	5,000	—	82,100
	2008	13,800	70,600	1,500⁽¹⁾	—	85,900
Andy D. Bryant	2010	14,700	129,900	—	—	144,600
	2009	14,700	93,100	—	—	107,800
	2008	13,800	117,100	—	—	130,900
David Perlmutter⁽²⁾	2010	—	—	—	398,100	398,100
	2009	—	—	—	389,700⁽³⁾	389,700
	2008	—	—	—	311,000	311,000
A. Douglas Melamed	2010	—	—	—	21,500	21,500

⁽¹⁾	In 2008, the Intel Foundation made a matching charitable contribution on behalf of Mr. Smith in the amount of $1,500, not $4,100 as previously reported; we have subtracted $2,600 from the amount reported for him in 2008 in the "All Other Compensation" column of the Summary Compensation table.
⁽²⁾	In 2006, Mr. Perlmutter relocated to the United States from Israel with an original assignment for a two-year period, which has been extended until August 2011. Since this is a temporary assignment, Mr. Perlmutter is receiving a two-way relocation package. This package contains the same elements as a standard Intel employee relocation package. Intel's relocation packages include monetary allowances and moving services to help employees relocate. The packages are designed to meet the business needs of Intel and the personal needs of Intel employees and their families. Relocation packages apply to all employees, based on set criteria such as duration of the assignment, destination for the assignment, family size, and other needs as applicable.
⁽³⁾	In 2009, Mr. Perlmutter received an additional $10,800 for relocation that was not reported due to the late timing of a supplier invoice.