AMD 1995 Annual Report Download - page 247

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(Thousands except
employee participants) 95 94 93
- -----------------------------------------------------
Aggregate purchase price $10,873 $8,115 $6,413
Shares purchased 467 412 387
Employee participants 2,720 1,941 1,684
- -----------------------------------------------------
Profit sharing program. The company has a profit sharing program to which the
Board of Directors has authorized semiannual contributions. Profit sharing
contributions were $44.7 million in 1995, $57.0 million in 1994, and $33.9
million in 1993.
Retirement savings plan. The company has a retirement savings plan, commonly
known as a 401(k) plan, that allows participating United States employees to
contribute from 1 percent to 15 percent of their pre-tax salary subject to IRS
limits. The company makes a matching contribution calculated at 50 cents on each
dollar of the first 3 percent of participant contributions, to a maximum of 1.5
percent of eligible compensation. The company's contributions to the 401(k) plan
were $4.3 million, $3.7 million, and $3.2 million for 1995, 1994, and 1993,
respectively. There are four investment funds in which each employee may invest
contributions in whole percentage increments.
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996