AMD 1996 Annual Report Download - page 75

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SECTION 11. NO RETENTION RIGHTS.
- ---------- -------------------
Neither the Plan nor any Option shall be deemed to give any individual
a right to remain an employee or consultant of the Company or a Subsidiary. The
Company and its Subsidiaries reserve the right to terminate the service of any
employee or consultant at any time, with or without cause, subject to applicable
laws and a written employment agreement (if any).
SECTION 12. DURATION AND AMENDMENTS.
- ---------- -----------------------
(a) Term of the Plan. The Plan, as set forth herein, shall become
----------------
effective as of May 10, 1995. The Plan, if not extended, shall terminate
automatically on March 11, 2005. It may be terminated on any earlier date
pursuant to Subsection (b) below.
(b) Right to Amend or Terminate the Plan. The Board of Directors
------------------------------------
may amend, suspend or terminate the Plan at any time and for any reason, except
that the provisions of Section 4(b) relating to the amount, price and timing of
grants to Outside Directors shall not be amended more than once in any six-month
period. An amendment of the Plan shall be subject to the approval of the
Company's stockholders only to the extent required by applicable laws or
regulations.
(c) Effect of Amendment or Termination. No Shares shall be issued or
----------------------------------
sold under the Plan after the termination thereof, except upon exercise of an
Option granted prior to such termination. The termination of the Plan, or any
amendment thereof, shall not affect any Share previously issued or any Option
previously granted under the Plan.
18
Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997