AMD 1999 Annual Report Download - page 101

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10. Restoration Payments. AMD will work with you and Motorola senior
--------------------
management to avoid any forfeiture of your 1999 Annual Bonus from Motorola and
to avoid any forfeiture of any gains attributable to your 46,667 vested Motorola
stock options.
(a) In the event that you forfeit any portion of your Motorola 1999
Annual Bonus, AMD will pay an equivalent amount to you (not to exceed $500,000)
on the date that you provide evidence of such forfeiture.
(b) In the event that you forfeit any gains attributable to your
46,667 vested Motorola stock options, AMD will pay an amount to you equal to the
lesser of (i) the aggregate amount of the forfeiture by you of such gains or
(ii) the aggregate spread on shares subject to the option based on the
difference between $52 per share and the closing price of Motorola common stock
on the New York Stock Exchange on the Commencement Date, in either case on the
date your provide evidence of such forfeiture.
(c) You shall be required to make reasonable efforts (including, but
not limited to, at the request of AMD after consultation with you, commencement
of litigation for which AMD will pay reasonable costs) to avoid the above
forfeitures or to reinstate any forfeited benefits and you shall be required to
reimburse AMD if such amounts are subsequently reinstated by Motorola.
(d) In the event of your Voluntary Termination or Termination for
Cause within two years of the Commencement Date, you shall be required to repay
the full amount of any payments by AMD pursuant to this Section 10.
11. Confidential Information and Invention Assignment Agreement. Upon your
-----------------------------------------------------------
commencement of employment with AMD, you will be required to sign its standard
form of Nondisclosure Agreement to protect AMD's confidential information and
intellectual property.
12. Nonsolicitation. During the term of your employment with AMD and for
---------------
one year thereafter, you will not, on behalf of yourself or any third party,
solicit or attempt to induce any employee of AMD to terminate his or her
employment with AMD.
13. Arbitration. The parties agree that any dispute regarding the
-----------
interpretation or enforcement of this agreement shall be decided by
confidential, final and binding arbitration conducted in Austin, Texas by
Judicial Arbitration and Mediation Services under the then existing roles rather
than by litigation in court, trial by jury, administrative proceeding or in any
other forum.
14. Miscellaneous.
-------------
(a) Absence of Conflicts. You represent that upon the Commencement
--------------------
Date your performance of your duties under this agreement will not breach any
other agreement as to which you are a party.
(b) Successors. This agreement is binding on and may be enforced by
----------
AMD and its successors and assigns and is binding on and may be enforced by you
and your heirs and legal representatives. Any successor to AMD or substantially
all of its business (whether by
5
Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 2000