AMD 1993 Annual Report Download - page 95

6
reacquired Shares or Shares bought on the market for the purposes of issuance
under the Plan. If any Options or Rights granted under the Plan shall for any
reason be cancelled, terminate or expire without having been exercised in full,
the Shares subject to such Options or Rights shall be available again for the
purposes of the Plan, except for Shares subject to a Related Option which is
cancelled due to the exercise for Shares of a Right related to such Option, and
except for Shares subject to a Right which is cancelled due to the exercise for
Shares of an Option related to such Right. Shares which are delivered or
withheld from the Shares otherwise due on exercise of an Option or Right may be
reused and sold pursuant to Options or Rights granted to a Participant who is
not subject to Section 16 of the Exchange Act. If a Right is exercised for
cash, the Shares underlying the Right or cancelled related Option, if any,
shall become available again for the grant of Options or Rights to any
Participant.
5. ELIGIBILITY
Options and/or Rights may be granted only to full or part-time
employees of the Company and/or of any Affiliate. Outside Directors shall not
be eligible for the benefits of the Plan, except as provided in Section 8
hereof. Any employee or Outside Director may hold more than one Option and
Right at any time.
6. STOCK OPTIONS -- GENERAL PROVISIONS
(a) Except for automatic grants of Options to Outside
Directors under Section 8 hereof, each Option granted pursuant to the Plan may,
at the discretion of the Board or its delegate, be granted either as an ISO or
as an NSO. No option may be granted alternatively as an ISO and as an NSO.
(b) To the extent that the aggregate exercise price for ISOs
which are exercisable for the first time by a Participant during any calendar
year (under this Plan or any other plans of the Company or its Affiliates)
exceeds $100,000, such options shall be treated as NSOs.
(c) 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 any of its Affiliates unless the exercise price is at least
110% of the Fair Market Value per Share 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.
7. TERMS OF OPTION AGREEMENT
Except as otherwise required by the terms of Section 8 hereof, 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:
6
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1994