AMD 2000 Annual Report Download - page 64

(f) Notwithstanding any provision of this Agreement to the contrary,
in no event shall any New Option be exercisable beyond the maximum 10-year
period allowed therefor under the applicable Plan.
6. Reimbursement of Expenses
Executive shall be authorized to incur and shall be reimbursed by
Company for reasonable expenses for the advancement of Company's business
pursuant to standing Company policy and those specific categories of such
expenses as the Board has defined, which shall not during the period of any
service hereunder be reduced as to Executive.
7. Other Benefits During Service
(a) During the period of any service hereunder, Executive shall also
be entitled to receive all other benefits of service which are, and which may be
in the future, generally available to members of Company's management, and
specifically, an allowance for use of automobiles as provided from time to time
by action of the Board of Directors, as well as, without limitation, group
health, disability, and life insurance benefits and participation in any Company
profit-sharing, retirement or pension plan, and vacation consistent with the
vacation policies of Company.
(b) No later than March 31st of each year during the term, Company
shall pay Executive an amount necessary to reimburse Executive for federal and
state income taxes payable with respect to income recognized by the Executive
for income tax purposes as a result of (i) Company providing the Executive with
the services of any individuals hired as a driver/security guard, and (ii) the
amount paid under this Section 7(b), so that Executive will be in the same
after-tax position as if no such taxes had been imposed. Company (consistent
with past practice) shall reimburse or pay the costs of any driver/guard and
security, provided that reimbursement of any residential security costs
(exclusive of any driver/guard or any payments under clauses (i) and (ii) above)
incurred other than while traveling on Company business shall not exceed
$100,000.
(c) In addition, Company shall provide up to $25,000 each year for
expenses incurred by Executive for estate, tax and financial planning, insurance
(including annuity) products and benefits, and related attorneys' fees. If such
expenses are less than $25,000 in any one year after 1995, the unused amount(s)
shall cumulate and be available to Executive in any year thereafter. Company
acknowledges that $117,247 in unused amount from periods prior to the effective
date of the Prior Employment Agreement and all unused additional amounts since
the date of the Prior Employment Agreement shall also be available to Executive
in future periods for these purposes.
(d) If Executive enters into loan agreements for the purpose of
exercising any options or warrants (whether such options or warrants arose by
virtue of this Agreement or any other past, present, or future agreement between
Executive and Company), or paying taxes thereon or on the vesting of restricted
stock, Company shall guarantee such loans for a period ending two (2) years
after the date of the event causing tax liability to be incurred by reason of
such exercise or vesting. Company's obligation to guarantee such loans shall
continue
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001