AMD 2003 Annual Report Download - page 125

VP PERFORMANCE RECOGNITION PROGRAM
• The Corporate Component will not be paid for any Plan Year in which Corporate OP is less than or equal to $0.
• The 3% of OP funding limitation applies to all STP Components for Officer participants
• For Vice Presidents below the Officer Level, the Group and the Individual Components are not affected by the 3% funding limitation.
• Assuming the 3% funding limitations above are met, accrued STP awards can be paid in amounts up to 3 times the target award.
• Any accrued STP award in excess of the 3 times target maximum will be carried forward and paid out over the following two years. One half
of any carryover award will be paid following the first year of the carryover period. The remaining half will be paid following the second year
of the carryover period. Carryover payments will be made coincident with the regular Plan payment schedule.
• Payment of LTP awards is subject to the 3% funding limitation. Awards generated but not paid due to the limitations will be carried over for possible
payout in future Plan years. That amount will be carried over for up to three following Plan Years. Carryover award amounts will be paid at the
earliest possible payout date (on a first in, first out basis) during the three-year carryover period, subject to the three percent maximum payout cap and
other eligibility provisions. Any amount carried over but not payable during the three-year carryover period reverts to zero.
VI. Timing of Payouts
Awards for the STP are generally paid out by the end of the first quarter following the close of a Plan Year. For the LTP, awards are paid as soon as
possible after actual external performance data become available. Typically this will be in the 4th quarter following the plan year.
Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004