AMD 1993 Annual Report Download - page 74
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8
Members of the Board of Directors of the Company who are not also employees of
the Company shall not be eligible for the benefits of the Plan. No ISO may be
granted to a person who, at the time of grant, owns stock possessing more than
10% of the total combined voting power of the Company or 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 ISO shall be not less than the fair
market value of the stock subject to the ISO on the date the ISO is granted.
The purchase price of each option other than an ISO shall be established by the
Board or its delegate, but shall be in no event less than fifty percent (50%)
of the fair market value of the stock subject to such option on the date such
option is granted.
8
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994