AMD 1993 Annual Report Download - page 325

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or court order to the satisfaction of the Committee that they are legally
entitled to receive the benefits specified hereunder. In the event any amount
is payable under the Plan to a minor, payment shall not be made to the minor,
but instead be paid (a) to that person's living parent(s) to act as
custodian, (b) if that person's parents are then divorced, and one parent is
the sole custodial parent, to such custodial parent, or (c) if no parent of
that person is then living, to a custodian selected by the Committee to hold
the funds for the minor under the Uniform Transfers or Gifts to Minors Act in
effect in the jurisdiction in which the minor resides. If no parent is
living and the Committee decides not to select another custodian to hold the
funds for the minor, then payment shall be made to the duly appointed and curr
ently acting guardian of the estate for the minor or, if no guardian of the
estate for the minor is duly appointed and currently acting within 60 days
after the date the amount becomes payable, payment shall be deposited with
the court having jurisdiction over the estate of the minor.
"Board of Directors" or "Board" shall mean the Board of
Directors of the Company.
"Bonus" shall mean any incentive compensation, excluding
commissions, payable to a Participant in addition to the Participant's Salary.
"Code" shall mean the Internal Revenue Code of 1986, as
amended.
"Committee" shall mean the Retirement Savings Plan
Administrative Committee.
"Company" shall mean Advanced Micro Devices, any
successor corporation and each corporation which is a member of a controlled
group of corporations (within the meaning of Section 1563(a) of the Code,
determined without regard to Section 1563(a)(4) and (e)(3)(C) thereof and by
substituting the phrase "at least 50 percent" for the phrase "at least 80
percent" each time it appears in Section 1563(a)(1)) of which Advanced Micro
Devices is a component member.
"Company Matching Account" shall mean the bookkeeping
account maintained by the Committee for each Participant that is credited with
an amount equal to 50% of a Participant's Salary Deferrals (subject to certain
limitations) and interest pursuant to Section 4.2.
"Compensation" shall mean the Salary, commissions and
Bonus that the Participant is entitled to for services rendered to the Company.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994