AMD 1993 Annual Report Download - page 143

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EXHIBIT 10.10
ADVANCED MICRO DEVICES, INC.
1987 RESTRICTED STOCK AWARD PLAN
1. PURPOSES OF THE PLAN.
The Advanced Micro Devices, Inc. 1987 Restricted Stock Award Plan
(the "Plan") is intended to attract and retain employees of Advanced Micro
Devices, Inc. (the "Corporation) and its subsidiaries who are and will be
contributing to the success of the business; to motivate and reward outstanding
employees who have made significant contributions to the success of the
Corporation and encourage them to continue to give their best efforts to its
future success; to provide competitive incentive compensation opportunities;
and to further opportunities for stock ownership by such employees in order to
increase their proprietary interest in the Corporation. Accordingly, the
Corporation may, from time to time, grant to selected employees awards of
shares of the Corporation's $0.01 par value Common Stock ("Common Stock")
subject to the terms and conditions hereinafter provided. Common Stock awarded
subject to such terms and conditions is hereinafter referred to as "Restricted
Stock".
2. ADMINISTRATION.
(a) The Board of Directors (the "Board") whose authority
shall be plenary, shall administer the Plan and may delegate part or all of its
administrative powers with respect to part or all of the Plan pursuant to
subsection 2(c) of the Plan, provided, however, that the Board of Directors
shall delegate administration of the Plan to the extent required by Section
2(d).
(b) Subject to the terms, provisions and conditions of this
Plan as set forth herein, the Board or its delegate shall have sole discretion
and authority:
(1) to select the employee directors, officers
and other employees to be awarded Restricted Stock pursuant to
Section 5 (it being understood that more than one award may be
granted to the same person), and in connection therewith:
(i) to determine the number of shares to
be awarded each recipient;
(ii) to determine the period of restriction
applicable to each award;
(iii) to determine the time or times when
awards may be granted and any additional terms and
conditions which may be placed on receiving such award;
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994