AMD 1993 Annual Report Download - page 82

16
discretion may approve.
(b) The Company may make loans or guarantee loans made by an
appropriate financial institution to individual optionees, including officers,
on such terms as may be approved by the Board of Directors for the purpose of
financing the exercise of options granted under the Plan and the payment of any
taxes that may be due by reason of such exercise.
(c) In addition, if and to the extent authorized by the Board of
Directors, optionees may make all or any portion of any payment due to the
Company upon exercise of an option by delivery of any property (including
securities of the Company) other than cash, so long as such property
constitutes valid consideration for the stock under applicable law.
(d) Where, in the opinion of counsel to the Company, the Company
has or will have a legal obligation to withhold taxes relating to the exercise
of any stock option, the Board or its delegate may in its discretion require
that such tax obligation be satisfied in a manner satisfactory to the Company
before shares deliverable pursuant to the exercise of such option are
transferred to the option holder. An option holder may make a Withholding
Election to pay required minimum withholding taxes by the withholding of shares
from the total number of shares deliverable pursuant to the exercise of the
16
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994