AMD 2000 Annual Report Download - page 115

WHEN YOU LEAVE AMD
You forfeit all unvested options when you leave AMD. You normally have three
months from your termination date in which to exercise vested options that have
not expired. For example, if March 14 is your final day as an AMD employee, your
last day to purchase vested options is June 14 if it is a regular business day
at AMD. If June 14 is not a regular business day, the final day to buy your
options is the last regular AMD business day before June 14.
However, you have 12 months from your termination date to exercise vested
options if your termination is due to your total disability. Similarly, if you
die while employed at AMD, your beneficiary, or your estate if you have not
designated a beneficiary, has 12 months from the date of your death in which to
exercise your vested options.
If you are uncertain about the final day to purchase options, be sure to contact
Treasury Services at least several weeks before the date on which you think that
your right to exercise your options ends.
FORFEITING STOCK OPTIONS
Your stock options are forfeited under the earliest of these circumstances:
. You do not exercise the options before their expiration date,
. You are not vested to them when you leave AMD,
. You do not exercise your options within the period for exercising them after
you leave AMD, or
. If you die while still an AMD employee and your beneficiary to whom the
options were transferred does not exercise the options within 12 months after
your death.
If you are terminated because of misconduct, AMD reserves the right to cancel
all your options, whether vested or unvested.
NO REINSTATEMENT OF FORFEITED STOCK OPTIONS IF REHIRED BY AMD
If you have a break in service with AMD, your non-vested options are canceled
and will not be reinstated, even if you are rehired the day after your break in
service.
ANNUAL STATEMENTS
Each year, you will receive from Treasury Services a statement detailing the
status of your stock options. This statement includes the number of options you
have been granted to date, their exercise prices, and their vesting and
expiration dates. Your statement also lists the transactions on options that you
have exercised.
Also enclosed with your statement are the forms that you must complete and
return to Treasury Services if you wish to purchase your options.
TREASURY SERVICES DEPARTMENT
Treasury Services is located at AMD's Sunnyvale, California office. The staff
can be contacted as follows:
Phone: [phone]
Fax: [phone]
Treasury Services' normal hours are between 8:00 a.m. to 5:00 p.m. U.S. Pacific
time during AMD's regular business day.
TRANSFER OF STOCK OPTIONS
Your stock options may be transferred only as follows:
. By a court-issued qualified domestic relations order,
. By your last will and testament, or
. By the laws of descent and distribution if you left no valid will.
Stock options transferred by a qualified domestic relations order expire twelve
months after the date of transfer.
Any other transfer or assignment of your stock options will not be accepted and
gives AMD the right to terminate your options as of the date of the attempted
transfer or assignment.
CHANGES IN CAPITALIZATION OF AMD
The Board of Directors will adjust the number of shares or the class of stock
subject to your options if the out-standing number of AMD common stock changes
as a result of changes in the capitalization of the company. These changes in
capitalization include stock dividends, mergers, consolidations, re-
Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001