AMD 2000 Annual Report Download - page 107

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AMD VICE PRESIDENT INCENTIVE PROGRAM
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VII. Eligibility For Participation And Receipt Of Bonuses
A. Unless otherwise determined by the CEO, all non-Sales Vice Presidents
are Participants in the VPIP. This includes Sr. Vice Presidents and
Group Vice Presidents.
B. To be eligible to receive any bonus under the VPIP, a Participant must
be employed by AMD at the time of payout of the bonus.
C. To be eligible to receive an STP bonus of any amount, a Participant
must have been actively employed in the VPIP for at least some portion
of the Plan Year. A Participant who is actively employed for less than
an entire Plan Year (i.e., became a participant mid-year or was on an
unpaid leave), and who is otherwise eligible to receive an STP bonus
for that Plan Year, will receive an STP bonus, prorated according to
the number of months of active employment in the 12-month STP Plan
Year. For purposes of this provision, a full month's credit will be
given where the Participant was actively employed in the VPIP for at
least 15 days of a partial month.
D. To be eligible to receive an LTP bonus of any amount, a Participant
must have been actively employed in the VPIP for at least 12 months. A
Participant who is actively employed for less than an entire three-
year LTP bonus period (i.e., became a Participant at some time during
the period, or was on an unpaid leave), and who is otherwise eligible
to receive an LTP bonus, will receive an LTP bonus, prorated according
to the number of months of active employment out of the 36-month LTP
bonus period. For purposes of this provision, a full month's credit
will be given where the Participant was actively employed for at least
15 days of a partial month.
E. If a Participant dies during the Plan period, any VPIP bonus will be
paid in full so long as the Participant was on active status for at
least 6 months of the Plan Year. If active for less than 6 months, any
award generated at the end of the year will be prorated as above.
Bonus payments will be made to the designated recipient of the
Participant's final paycheck.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001