AMD 1993 Annual Report Download - page 326

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"Deferral Account" shall mean the bookkeeping account
maintained by the Committee for each Participant that is credited with amounts
equal to (1) the portion of the Participant's Salary and/or commissions that he
elects to defer, (2) the portion of the Participant's Bonus that he elects to
defer, and (3) interest pursuant to Section 4.1.
"Effective Date" shall mean August 1, 1993.
"Election Date" shall mean December 15 or such earlier
date as is specified by the Committee and communicated to the Participant with
at least thirty (30) days advance notice.
"Eligible Employee" shall mean each employee of the
Company who is at or above the level of director.
"Fiscal Year" shall mean the fiscal year of the Company.
"Fund" or "Funds" shall mean one or more of the mutual
funds or contracts selected by the Committee pursuant to Section 3.2(b).
"Initial Election Period" for an Eligible Employee shall
mean the 30-day period following the later of July 31, 1993 or the date the
employee becomes an Eligible Employee.
"Interest Rate" shall mean, for each Fund, an amount
equal to the gross rate of gain or loss on the assets of such Fund during the
month (1) reduced by administrative and investment fees charged to investors in
such Fund during the month and (2) further reduced by one-twelfth (1/12th) of
one percentage point.
"Loan Account" shall mean the bookkeeping account
maintained by the Committee for each Participant who obtains a hardship loan
from the Committee in accordance with Article VII that is credited with (1) an
amount equal to the amount of the loan and (2) interest pursuant to Section
7.1(d).
"Participant" shall mean any Eligible Employee who
elects to defer Compensation in accordance with Section 3.1.
"Payment Eligibility Date" shall mean the first day of
the month following the end of the fiscal quarter following the fiscal quarter
in which a Participant terminates employment or dies.
"Plan" shall mean the Advanced Micro Devices Executive
Savings Plan set forth herein, now in effect, or as amended from time to time.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994