AMD 1993 Annual Report Download - page 329

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3.2 - Investment Elections.
(a) At the time of making the deferral elections
described in Section 3.1, the Participant shall designate, on a form provided
by the Committee, which of the types of mutual funds or contracts the
Participant's Accounts will be deemed to be invested in for purposes of
determining the amount of earnings to be credited to those Accounts. In making
the designation pursuant to this Section 3.2, the Participant may specify that
all or any 10% multiple of his or her Deferral Account or Company Matching
Account be deemed to be invested in one or more of the types of mutual funds or
contracts available. Effective as of the end of any calendar quarter, a
Participant may change the designation made under this Section 3.2 by filing an
election, on a form provided by the Committee, at least 30 days prior to the
end of such quarter. If a Participant fails to elect a type of fund under this
Section 3.2, he or she shall be deemed to have elected the Fund determined by
the Administrator to most closely approximate a money market fund.
(b) Although the Participant may designate the
type of mutual funds in paragraph (a) above, the Committee shall select from
time to time, in its sole discretion, a commercially available fund or contract
of each of the available types to be the Funds. The Interest Rate of each such
commercially available fund or contract shall be used to determine the amount
of earnings to be credited to Participants' Accounts under Article IV.
ARTICLE IV
PARTICIPANT ACCOUNTS
4.1 - Deferral Account.
The Committee shall establish and maintain a Deferral
Account for each Participant under the Plan. Each Participant's Deferral
Account shall be further divided into separate subaccounts ("mutual fund
subaccounts"), each of which corresponds to a mutual fund or contract elected
by the Participant pursuant to Section 3.2(a). A Participant's Deferral
Account shall be credited as follows:
(a) As of the last day of each month, the
Committee shall credit the mutual fund subaccounts of the
Participant's Deferral Account with an amount equal to Salary and/or
commissions deferred by the Participant during each pay period ending
in that month in accordance with the Participant's election under
Section 3.2(a); that is, the portion of the
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994