AMD 1993 Annual Report Download - page 135

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Incentive Stock Option evidenced by an "Incentive Stock Option Agreement" which
sets forth the intention of the Company and the Optionee that such Option shall
qualify as an Incentive Stock Option. Section 5(b) of the Plan shall not apply
to any Option evidenced by a "Nonstatutory Stock Option Agreement" which sets
forth the intention of the Company and the Optionee that such Option shall be a
Nonstatutory Stock Option.
(d) The Plan shall not confer upon any Optionee
any right with respect to continuation of employment by the Company, nor shall
it interfere in any way with his right or the Company's right to terminate his
employment at any time.
6. Term of Plan. The Plan shall become effective upon the
earlier to occur of its adoption by the Board or its approval by vote of the
holders of a majority of the outstanding shares of the Company entitled to vote
on the adoption of the Plan. It shall continue in effect for a term of ten
(10) years unless sooner terminated under Section 13 of the Plan.
7. Term of Option. The term of each Incentive Stock Option
shall be ten (10) years from the date of grant thereof or such shorter term as
may be provided in the Stock Option Agreement. The term of each Option that is
not an Incentive Stock Option shall be ten (10) years and one (1) day from the
date of grant thereof or such shorter term as may be provided in the Stock
Option Agreement. However, in the case of an Option granted to an Optionee
who, at the time the Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any
Parent or Subsidiary, (a) if the Option is an Incentive Stock Option, the term
of the Option shall be five (5) years from the date of grant thereof or such
shorter time as may be provided in the Stock Option Agreement, or (b) if the
Option is not an Incentive Stock Option, the term of the Option shall be five
(5) years and one (1) day from the date of grant thereof or such shorter term
as may be provided in the Stock Option Agreement.
8. Option Price and Consideration.
(a) The per Share purchase price of the Shares to
be issued pursuant to exercise of an Incentive Stock Option shall be such price
as is determined by the Board, but shall in no event be less than the fair
market value per Share on the date of grant of the Incentive Stock Option. The
per Share purchase price of the Shares to be issued pursuant to exercise of a
Nonstatutory Stock Option shall be such price as is determined by the Board,
but shall be in no event be less than the fair market value per Share on the
date of grant of the Nonstatutory Stock Option or the date the price is
amended, whichever is lower.
(b) The fair market value shall be determined by
the Board in its discretion; provided, however, that where there is a public
market for the Common Stock, the fair market value per Share shall be the mean
of the bid and asked prices of the Common Stock for the date of grant, as
reported in the Wall Street Journal, or,
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994