AMD 1994 Annual Report Download - page 156

Participant's deferred Bonus that the Participant has elected to be deemed
to be invested in a particular type of mutual fund shall be credited to the
mutual fund subaccount corresponding to that mutual fund; and
(c) As of the last day of each month, each mutual fund
subaccount of a Participant's Deferral Account shall be credited with
earnings in an amount equal to that determined by multiplying the balance
credited to such mutual fund subaccount as of the last day of the preceding
month by the Interest Rate for the corresponding Fund selected by the
Company pursuant to Section 3.2(b).
4.2 Company Matching Account.
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The Committee shall establish and maintain a Company Matching Account
for each Participant under the Plan. Each Participant's Company Matching
Account shall be further divided into separate mutual fund subaccounts
corresponding to the type of mutual fund or contract elected by the Participant
pursuant to Section 3.2(a). A Participant's Company Matching Account shall be
credited as follows:
(a) As of the last day of each Plan Year, the Committee shall
credit the mutual fund subaccounts of the Participant's Company Matching
Account with an amount equal to 50% of the amount of the Salary deferred by
the Participant during each pay period ending in that Plan Year (the
"Company Matching Amount") in accordance with the Participant's election
under Section 3.2(a); that is, the portion of the Company Matching Amount
which the Participant elected to be deemed to be invested in a certain type
of mutual fund shall be credited to the corresponding mutual fund
subaccount. Notwithstanding the foregoing, in no event shall the Company
Matching Amount for a Plan Year, when combined with the maximum Company
Matching Contribution which the Participant could have received under the
Advanced Micro Devices, Inc. Retirement Savings Plan for the same year
(assuming deferrals at the maximum permissible rate), exceed 1.5% of the
Participant's Salary during such Plan Year.
(b) As of the last day of each month, each mutual fund
subaccount of a Participant's Company Matching Account shall be credited
with earnings in an amount equal to that determined by multiplying the
balance credited to such mutual fund subaccount as of the last day of the
preceding month by the Interest Rate for the corresponding Fund selected by
the Company pursuant to Section 3.2(b).
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995