AMD 1998 Annual Report Download - page 52

AMD/Motorola Technology Development and License Agreement
December 3, 1998 - Execution Document
Board of Directors. The Executive Board of Directors
must approve the Project in accordance with Section
2.1 of this Agreement in the calendar quarter in
which cost sharing is to begin.
2.2.2.3. The Steering Committee will oversee the progress of
all Projects to ensure that the Projects remain
appropriately staffed and resourced; that technical
milestones are met and that the Projects are on time
and within budget.
2.2.2.4. The Steering Committee will be responsible for
approving any amendments to the Logic Process
Technology or Embedded Flash Technology roadmaps.
Such amendments must also be approved by the
Executive Board of Directors.
2.3. Program Management Team:
The Program Management Team will consist of one (1) Program Manager and
one (1) Technical Coordinator, or one (1) Program Manager and one (1)
Technical Coordinator from each party, as appropriate and agreed to by
the parties. Each Project undertaken pursuant to this Agreement will
have a Program Management Team assigned to it by the Steering
Committee. The Program Management Team will be responsible for creating
an operating plan for the Project for managing the day-to-day
activities of the Project and for reporting on the progress of the
Project to the Steering Committee. The Program Manager will be
primarily responsible for all business and operating issues relating to
the Project, such as ensuring that the Project is appropriately staffed
and resourced and that it is on time and within budget. The Technical
Coordinator will be primarily responsible for all technical aspects of
the Project, including ensuring that technical milestones are achieved.
3. Development Projects.
3.1. Statement of Work. Prior to commencement of a Project or as
soon thereafter as possible, the parties will develop a
Statement of Work.
3.2. Development Costs.
AMD and Motorola will accrue shared development costs for
mutually agreed upon facilities, tasks and technologies, as
set forth more fully in Appendix D.
3.3. Audit. Each party will maintain appropriate books and records
necessary to verify its Development Costs. Each party may upon
reasonable notice and at its expense during normal business
hours and not more than once each year have a Big 6 certified
public accounting
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Source: ADVANCED MICRO DEVIC, 10-K, March 29, 1999