AMD 1994 Annual Report Download - page 155

to be credited to those Accounts. In making the designation pursuant to this
Section 3.2, the Participant may specify that all or any 10% multiple of the
aggregate of his Accounts be deemed to be invested in one or more of the types
of mutual funds or contracts available. Effective as of the beginning of any
calendar quarter, a Participant may change the designation made under this
Section 3.2 by filing an election, on a form provided by the Committee, at least
thirty (30) calendar days prior to the beginning of such quarter. If a
Participant fails to elect a type of fund under this Section 3.2, he or she
shall be deemed to have elected the Fund determined by the Committee to most
closely approximate a money market fund.
(b) Although the Participant may designate the type of mutual funds
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in paragraph (a) above, the Committee shall select from time to time, in its
sole discretion, a commercially available fund or contract of each of the
available types to be the Funds. The Interest Rate of each such commercially
available fund or contract shall be used to determine the amount of earnings to
be credited to Participants' Accounts under Article IV.
ARTICLE IV
PARTICIPANT ACCOUNTS
4.1 Deferral Account.
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The Committee shall establish and maintain a Deferral Account for each
Participant under the Plan. Each Participant's Deferral Account shall be
further divided into separate subaccounts ("mutual fund subaccounts"), each of
which corresponds to a mutual fund or contract elected by the Participant
pursuant to Section 3.2(a). A Participant's Deferral Account shall be credited
as follows:
(a) As of the last day of each month, the Committee shall credit
the mutual fund subaccounts of the Participant's Deferral Account with an
amount equal to Salary and/or commissions deferred by the Participant
during each pay period ending in that month in accordance with the
Participant's election under Section 3.2(a); that is, the portion of the
Participant's deferred Salary and/or commissions that the Participant has
elected to be deemed to be invested in a certain type of mutual fund shall
be credited to the mutual fund subaccount corresponding to that mutual
fund;
(b) As of the last day of the month in which the Bonus or
partial Bonus would have been paid, the Committee shall credit the mutual
fund subaccounts of the Participant's Deferral Account with an amount equal
to the portion of the Bonus deferred by the Participant for such Plan Year
in accordance with the Participant's election under Section 3.2(a); that
is, the portion of the
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995