AMD 1993 Annual Report Download - page 358

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and proceeds thereof, whether now existing or hereafter arising pursuant to the
provisions of the Policy, the Agreement, this Collateral Security Assignment or
otherwise, to secure Assignee's obligations ("Assignee Obligations") to Owner
under the Agreement, whether now existing or hereafter arising. The Assignee
Obligations include all obligations owed by the Assignee to Owner under the
Agreement, including without limitation: (i) the obligation to purchase the
Policy designating Owner as the owner and to make the premium payments required
under Section 3 of the Agreement and (ii) the obligation to do nothing which
may, in any way, endanger, defeat or impair any of the rights of Owner in the
Policy as provided in the Agreement. In no event shall this provision be
interpreted to reduce Owner's rights in the Policy or expand in any way the
rights or benefits of the Assignee under the Agreement. In the event that
Owner terminates employment with Employer for any reason prior to a Qualifying
Event, this security interest and collateral assignment granted by Assignee to
Owner shall automatically expire and be deemed waived. Nothing in this
provision shall prevent the Assignee from receiving its share of the death
benefits under the Policy as provided in Section 4 of the Agreement.
9. Assignee and Owner agree to execute any documents
necessary to effectuate this Collateral Security Assignment pursuant to the
provisions of the Agreement. All disputes shall be settled as provided in
Section 13 of the Agreement. The rights under this Collateral Security
Assignment may be enforced pursuant to the terms of the Agreement.
IN WITNESS WHEREOF, the Owner and Assignee have executed this
Collateral Security Assignment effective the day and year first above written.
___________________________________
, Owner
ADVANCED MICRO DEVICES, INC.
By: ______________________________
Title: ___________________________
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994