AMD 1993 Annual Report Download - page 350

11
19. Controlling law and characterization of Agreement.
(a) To the extent not governed by federal law, this Agreement
and the right to the parties hereunder shall be controlled by the laws of the
State of California.
(b) If this Agreement is considered a "plan" under the
Employee Retirement Income Security Act of 1974 (ERISA), both the Company and
Employee acknowledge and agree that for all purposes the Agreement shall be
treated as a "welfare plan" within the meaning of section 3(1) of ERISA.
Consistent with the preceding sentence, Employee further acknowledges that his
or her rights to the Policy and the release of the Company's Security Interest
are strictly limited to those rights set forth in this Agreement. In
furtherance of this acknowledgement and in consideration of the Company's
payment of the initial premiums for this Policy, Employee voluntarily and
irrevocably relinquishes and waives any additional rights in the Policy or any
different restrictions on the release of the Company's Security Interest that
he or she might otherwise argue to exist under either state, federal, or other
law. Employee further agrees that he or she will not argue in any judicial or
arbitration proceeding that any such additional rights or different
restrictions exist. Similarly, the Company acknowledges that its Security
Interest is strictly limited as set forth in this Agreement and voluntarily and
irrevocably relinquishes and waives any additional interest or different
interest or advantages that the Company would have or enjoy if the Agreement
were not treated as a "welfare plan" within the meaning of Section 3(1) of
ERISA.
20. The Company and Employee agree to execute any and all
documents necessary to effectuate the terms of this
Agreement.
EMPLOYEE ADVANCED MICRO DEVICES, INC.
____________________ By: __________________________
Its __________________________
11
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994