AMD 1993 Annual Report Download - page 126

8
(e) Upon the exercise of a Limited Right as provided in
Paragraph (j) of this Section 7, the holder thereof shall receive an amount in
cash equal to the Spread.
(f) Notwithstanding any other provision of this Plan, no
General Right may be exercised at a time when any Limited Right held by the
holder of such General Right may be exercised.
(g) The Corporation intends that this Section 7 shall comply
with the requirements of Rule 16b-3 (the "Rule") under the Securities Exchange
Act of 1934 during the term of this Plan. Should any provision of this Section
7 be unnecessary to comply with the requirements of the Rule or should any
additional provisions be necessary for this Section 7 to comply with the
requirements of the Rule, the Board of Directors of the Corporation may amend
this Plan to add or to modify the provisions of this Plan accordingly.
(h) No Limited Right shall be transferable except by will or
by the laws of descent and distribution. During the life of a holder of a
Limited Right, the Limited Right shall be exercisable only by him or his
guardian or legal representative.
(i) Each Limited Right shall be on such terms and conditions
not inconsistent with the Plan as the Board or its delegate may determine and
shall be evidenced by a Right Agreement setting forth such terms and conditions
executed by the Corporation and the holder of the Limited Right.
(j) To exercise a Limited Right, the holder shall (i) give
notice thereof to the Corporation in form satisfactory to the Board or its
delegate specifying the number of Shares with respect to which he is
exercising the Limited Right, and (ii) if requested by the Corporation, deliver
the Right Agreement relating to the Limited Right being exercised and the
Option Agreement for a Related Option to the Secretary of the Corporation who
shall endorse thereon a notation of such exercise and return the Right
Agreement and the Option Agreement to the employee. The date of exercise of a
Limited Right which is validly exercised shall be deemed to be the date on
which the Corporation shall have received the notice referred to in the first
sentence of this Paragraph (j).
8. Effectiveness and Term of the Plan.
(a) No Right granted under this Plan shall be exercisable
until the Plan is approved by the holders of outstanding shares of Common Stock
of the Corporation constituting a majority of such shares present in person or
represented by proxy and entitled to vote at a meeting of shareholders of the
Corporation duly called and held.
(b) Unless previously terminated in accordance with Section
11 of this Plan, this Plan shall terminate on the close of business on June 10,
1996, after which no Rights shall be granted under this Plan. Such termination
shall not affect any Stock Options or Rights granted prior to such termination.
8
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994