AMD 1993 Annual Report Download - page 328

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the date of the election, and to each Bonus the amount of which first becomes
fixed and determinable after the date of the election.
(c) Elections other than Elections during the
Initial Election Period. Any Eligible Employee who fails to elect to defer
Compensation during his or her Initial Election Period may subsequently become
a Participant, and any Eligible Employee who has terminated a prior Salary,
commissions or Bonus deferral election may elect to again defer Salary,
commissions or Bonuses or any combination thereof, by filing an appropriate
election, on a form provided by the Committee, to defer Compensation. An
election to defer Salary and/or commissions must be filed on or before the
Election Date and will be effective for Salary and/or commissions earned during
pay periods beginning after the following December 25. An election to defer a
portion of each Bonus for a Fiscal Year must be filed on or before the Election
Date preceding the date the Bonus first becomes fixed and determinable.
(d) Duration of Salary Deferral Election. Any Salary
deferral election made under paragraph (b) or paragraph (c) of this Section 3.1
shall remain in effect, notwithstanding any change in the Participant's Salary,
until changed or terminated in accordance with the terms of this paragraph (d);
provided, however, that such election shall terminate for Salary or commissions
paid while the Participant is not an Eligible Employee. A Participant may
increase, decrease or terminate his or her Salary and/or commission deferral
election, effective for Salary and/or commissions earned during pay periods
beginning after any December 25, by filing a new election, in accordance with
the terms of this Section 3.1, with the Committee on or before the preceding
Election Date.
(e) Duration of Bonus Deferral Election. Any
Bonus deferral election made under paragraph (b) or paragraph (c) of this
Section 3.1 shall be irrevocable and shall apply only to the Bonus or Bonuses
payable with respect to services performed during the Fiscal Year for which the
election is made. For each subsequent Fiscal Year, an Eligible Employee may
make a new election to defer a percentage of each of his or her Bonuses for
that Fiscal Year. Such election shall be on forms provided by the Committee
and shall be made on or before the Election Date of the Fiscal Year preceding
the Fiscal Year in which the Bonus otherwise would be paid.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994