AMD 1994 Annual Report Download - page 150

ADVANCED MICRO DEVICES
EXECUTIVE SAVINGS PLAN
(AMENDMENT AND RESTATEMENT EFFECTIVE AS OF AUGUST 1, 1993)
WHEREAS, ADVANCED MICRO DEVICES, INC. (the "Company") has established
the Advanced Micro Devices Executive Savings Plan (the "Plan") effective as of
August 1, 1993;
WHEREAS, it is desirable to amend and restate the Plan;
NOW, THEREFORE, the Plan is hereby amended in its entirety and
restated, effective as of August 1, 1993, as follows:
ARTICLE I
TITLE AND DEFINITIONS
1.1 Title.
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This Plan shall be known as the Advanced Micro Devices Executive
Savings Plan.
1.2 Definitions.
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Whenever the following words and phrases are used in this Plan, with
the first letter capitalized, they shall have the meanings specified below.
"Account" or "Accounts" shall mean a Participant's Deferral Account
and/or Company Matching Account.
"Beneficiary" means the person or persons, including a trustee,
personal representative or other fiduciary, last designated in writing by a
Participant and filed with the Committee in accordance with procedures
established by the Committee to receive the benefits specified hereunder in the
event of the Participant's death. If there is no valid Beneficiary designation
in effect, or if there is no surviving designated Beneficiary, then the
Participant's surviving spouse shall be the Beneficiary. If there is no
surviving spouse to receive any benefits payable in accordance with the
preceding sentence, the duly appointed and currently acting personal
representative of the Participant's estate (which shall include either the
Participant's probate estate or living trust) shall be the Beneficiary. In any
case where there is no such personal representative of the Participant's estate
duly appointed and acting in that capacity within 90 days after the
Participant's death (or such extended period as the Committee determines is
reasonably necessary to allow such personal representative to be appointed, but
not to exceed 180 days after the Participant's death), then Beneficiary shall
mean the person or persons who can verify by affidavit or court order to the
satisfaction of the Committee that they are legally entitled to receive the
benefits
1
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995