Applied Materials Short-Term Disability Disability Benefit Plan

“The Trustee delegates administration and oversight of the disability plan to the Human Resources and Compensation Committee of Applied Materials Inc., which reports to the Trustee periodically.”

“The Form 990 is completed by the Benefits Department with assistance of our Legal Department.”

“Applied Materials, Inc. is committed to upholding the highest legal and ethical conduct in fulfilling its responsibilities. The Board expects Applied's Directors, Officers and all other members of its workforce to act ethically at all times and to certify annually their commitment to the policies and requirements set forth in Applied's Standards of Business Conduct. The Board, with the assistance of the Audit Committee, oversees the Company's Ethics Program, which presently includes the company's Standards of Business Conduct, an Ombudsman responsible for receiving and investigating complaints and a 24-hour global toll-free hotline. Directors may not serve on the Board of Directors of any other Company without obtaining prior approval from the Corporate Governance and Nomination Committee of Applied's Board of Directors. If a Director becomes involved in activities that conflict or appear to conflict with the interests of the Company and these activities result in an actual or potential conflict of interest, the Director is required to disclose such conflict promptly to the Board. The Board will determine an appropriate resolution on a case-by-case basis. All directors will recuse themselves from any discussion or decision affecting their personal, business or professional interests. The Board will resolve any conflict of interest question involving the CEO, and the CEO will resolve any conflict of interest issue involving any other officer of the company.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Applied Materials, Inc.'s Human Resources and Compensation Committee oversees the company's programs that foster employee and executive development and retention, determines executive compensation and oversees significant employee benefits programs, policies and plans relating to the company's employees and executives. In addition, the Committee adopts, amends and oversees administration of all equity-related incentive plans and senior executive bonus plans and approves the compensation of members of the Board.”

“Administrative Expense 140,287.”

“Change in claims payable and claims incurred but not reported at year end -27,489.”

“The process has not changed from the prior year.”