Summary by Moomoo AI
On February 15, 2024, Intel Corporation reported the adoption of a new Cash Severance Policy by its Talent and Compensation Committee. This policy stipulates that Intel will not enter into any new employment or severance agreements with its executive officers that offer cash severance benefits exceeding 2.99 times the sum of the officer's base salary and target annual bonus without first obtaining stockholder ratification. The policy aims to regulate the severance benefits for executive officers and ensure shareholder oversight. The full details of the Cash Severance Policy have been filed with the SEC and are incorporated into the report by reference.
