AMD 1994 Annual Report Download - page 157

ARTICLE V
VESTING
5.1 Deferral Account.
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A Participant's Deferral Account shall at all times be 100% vested.
5.2 Company Matching Account.
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A Participant's Company Matching Account shall at all times be 100%
vested.
ARTICLE VI
DISTRIBUTIONS
6.1 Amount and Time of Distribution.
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Each Participant (or, in the case of his or her death, the
Participant's Beneficiary) shall be entitled to receive a distribution of
benefits under this Plan as soon as practicable following his or her Payment
Eligibility Date. The amount payable to a Participant shall be the sum of the
amount credited to his or her Deferral Account and Company Matching Account as
of his or her Payment Eligibility Date. No amount credited to a Participant's
Loan Account established under Article VII shall be distributed to the
Participant, but such amount shall instead be forfeited, as provided in
paragraph 7.1(f). If a Participant's account becomes payable and the Company
after a reasonable search and a period of three (3) years from the Participant's
Payment Eligibility Date cannot locate the Participant (or, if the Participant's
Beneficiary is entitled to payment, such beneficiary), the Participant's
Accounts shall be forfeited to the Company.
6.2 Form of Distribution.
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(a) Lump Sum. The form of the distribution of benefits to a
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Participant (or his or her Beneficiary) shall be a cash lump sum payment.
(b) Installments.
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(1) Notwithstanding subsection (a) above, a Participant may
elect that his or her benefits be paid in substantially equal annual
installments over three to ten years provided that his or her election is
filed with the Committee at least two years prior to the date his or her
employment with the Company terminates and provided further that the amount
of the first annual installment (determined by dividing the account balance
by the number of installments elected) would be in an amount at least equal
to $20,000.
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995