AMD 1994 Annual Report Download - page 152

the Participant's Bonus that he elects to defer, and (3) interest pursuant to
Section 4.1.
"Effective Date" shall mean August 1, 1993.
"Election Date" shall mean December 15 or such earlier date as is
specified by the Committee and communicated to the Participant with at least
thirty (30) days advance notice.
"Eligible Employee" shall mean each employee of the Company who is at
or above the level of director.
"Fiscal Year" shall mean the fiscal year of the Company.
"Fund" or "Funds" shall mean one or more of the mutual funds or
contracts selected by the Committee pursuant to Section 3.2(b).
"Initial Election Period" for an Eligible Employee shall mean the 30-
day period following the later of July 31, 1993 or the date the employee becomes
an Eligible Employee.
"Interest Rate" shall mean, for each Fund, an amount equal to the
gross rate of gain or loss on the assets of such Fund during the month (1)
reduced by administrative and investment fees charged to investors in such Fund
during the month and (2) further reduced by one-twelfth (1/12th) of one
percentage point.
"Loan Account" shall mean the bookkeeping account maintained by the
Committee for each Participant who obtains a hardship loan from the Committee in
accordance with Article VII that is credited with (1) an amount equal to the
amount of the loan and (2) interest pursuant to Section 7.1(d).
"Participant" shall mean any Eligible Employee who elects to defer
Compensation in accordance with Section 3.1.
"Payment Eligibility Date" shall mean the first day of the month
following the end of the fiscal quarter following the fiscal quarter in which a
Participant terminates employment or dies.
"Plan" shall mean the Advanced Micro Devices Executive Savings Plan
set forth herein, now in effect, or as amended from time to time.
"Plan Year" shall mean the 12 consecutive month `period beginning on
January 1 each year, except that the first Plan Year shall be a short Plan Year
beginning on August 1, 1993 and ending on December 31, 1993.
"Salary" shall mean the Participant's base pay.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995