AMD 2000 Annual Report Download - page 108

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AMD VICE PRESIDENT INCENTIVE PROGRAM
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F. Payment to a Participant of any calculated bonus for which the
Participant is otherwise eligible is contingent upon that
Participant's sustained satisfactory performance during the Plan
period for which the bonus was calculated, as determined by the
Participant's immediate superior.
G. No Participant has any earned or vested entitlement to any bonus(es)
under the VPIP. Any and all bonus payments are made at the sole
discretion of the Chief Executive Officer.
H. AMD reserves the right to retroactively or prospectively modify or
terminate the VPIP, in whole or in part, and AMD reserves the right to
deny the participation of, or payout of a bonus to, a Participant, at
its sole discretion, with or without notice or cause.
VIII. Other Important Plan Provisions
A. Base Salary is defined as the Participant's annualized base pay rate
at the end of the Plan Year. For the LTP bonus, the annualized base
pay rate at the end of Plan Year three will be the basis for bonus
determination.
B. Operating Income, for Plan purposes, is adjusted for pre-tax
income/loss from FASL. This is otherwise referred to as Operating
Profit on the Non-GAAP profit and loss statement.
C. Because Year 3 LTP bonus calculations may be based on the closest WSTS
and/or S&P 500 estimate at the time of payout, adjustments (positive
or negative) may be made as soon as possible following availability of
actual data.
D. No allowance will be made for factors beyond the control of
Participants that either adversely or favorably affect the Company's
performance.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001