AMD 1997 Annual Report Download - page 136

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EXHIBIT 10.28(b)
FIRST AMENDMENT TO THE
----------------------
ADVANCED MICRO DEVICES
----------------------
EXECUTIVE SAVINGS PLAN
----------------------
As Amended and Restated Effective as of August 1, 1993
------------------------------------------------------
The Plan is hereby amended to permit more frequent elections to
defer compensation and to make certain additional changes:
1. Elections to Defer Compensation.
-------------------------------
The second sentence of subsection (c) of Section 3.1 is amended to
read as follows:
"An election to defer Salary and/or commissions must be filed on or
before the deadline established by the Committee and will be
effective for Salary and/or commissions earned during pay periods
beginning after the start of the calendar quarter for which the
election is filed."
The last sentence of subsection (d) of Section 3.1 is amended to
read as follows:
"A Participant may increase, decrease or terminate his or her Salary
and/or commission deferral election on a quarterly basis by filing a
new election with the Committee by the deadline established by the
Committee prior to the beginning of the quarter for which the
election is effective."
2. Investment Elections. The third sentence of Section 3.2(a) is
--------------------
amended to read as follows:
"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 prior to the beginning of the quarter in
accordance with such rules established by the Committee."
3. Withholding. Section 8.3 is amended and restated in its entirety
-----------
is read as follows:
"8.3 Withholding.
-----------
There shall be deducted from deferred Compensation and Company
Matching credits when made and from each payment made under the Plan
all taxes which are required to be withheld by the Company. The
Company shall have the right to reduce any deferred Compensation,
Company Matching credits and any payment
-1-
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998