AMD 1994 Annual Report Download - page 159

(c) The Committee shall, upon making a loan to a Participant,
establish and maintain a Loan Account for the Participant. The Committee shall
debit the mutual fund subaccounts maintained under the Participant's Deferral
Account on a pro-rata basis or on such other basis as the Committee deems
appropriate or desirable and shall credit the Participant's Loan Account in an
amount equal to the amount of the loan. The amount credited to a Participant's
Loan Account shall not be deemed to be invested as directed by the Participant
under Section 3.2(a) but shall be deemed to be invested in the note given to the
Company by the Participant under this Section 7.1.
(d) As of the last day of each month, the Participant's Loan Account
will be credited with interest for the period since the last day of the
preceding month, calculated on the balance of the Loan Account as of such date,
at the rate of interest on the note as specified in paragraph (a) above.
(e) Upon any payment of principal and/or interest on a loan made
pursuant to this Section 7.1, the Committee shall debit the Participant's Loan
Account and shall credit the mutual fund subaccounts maintained under the
Participant's Deferral Account with the amount of such payment on a pro-rata
basis or on such other basis as the Committee deems appropriate or desirable.
(f) On a Participant's Payment Eligibility Date or, if earlier, the
date on which the first annual installment payment is due to a Participant, any
outstanding balance in the Participant's Loan Account shall be reduced to zero,
and the obligation to repay the hardship loan shall be cancelled.
ARTICLE VIII
ADMINISTRATION
8.1 Committee Action.
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The Committee shall act at meetings by affirmative vote of a majority
of the members of the Committee. Any action permitted to be taken at a meeting
may be taken without a meeting if, prior to such action, a written consent to
the action is signed by all members of the Committee and such written consent is
filed with the minutes of the proceedings of the Committee. A member of the
Committee shall not vote or act upon any matter which relates solely to himself
or herself as a Participant. The Chairman or any other member or members of the
Committee designated by the Chairman may execute any certificate or other
written direction on behalf of the Committee.
8.2 Powers and Duties of the Committee.
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(a) The Committee, on behalf of the Participants and their
Beneficiaries, shall enforce the Plan in accordance with its terms, shall be
charged with the general administration of
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Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995