AMD 1993 Annual Report Download - page 50
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8
owns stock possessing more than 10% of the total combined voting power of the
Company or of its parent or any subsidiary unless the option price is at least
110% of the fair market value of the stock subject to the option and the term
of the option does not exceed five (5) years from the date such ISO is granted.
Any employee may hold more than one option at any time.
6. TERMS OF OPTION AGREEMENT
Each option agreement shall be in such form and shall contain such
terms and conditions as the Board or its delegate from time to time shall deem
appropriate, subject to the following limitations:
(a) The term of any ISO shall not be greater than ten (10) years
from the date it was granted.
(b) The purchase price of each option shall be no less than the
fair market value of the stock subject to the option on the date the
option is granted.
(c) An option by its terms shall not be transferable otherwise
than by will or by the laws of descent and distribution and may be
exercisable during the lifetime of the option holder only by the
option holder.
8
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994