Lost Star Matthew Fox Won't Do Jail Time

TMZ broke the story ... Fox was pulled over in Bend, Oregon May 4th after police observed the actor swerving out of his lane. Cops decided Fox was intoxicated and placed him under arrest.

In exchange for no jail time, Fox pled no contest to one count of DUI.

As part of the deal, Fox's driving privileges have been revoked for one year, during which he also can't drink alcohol. The actor is also required to complete a drug and alcohol treatment program.