AMD 2000 Annual Report Download - page 92

IF YOU DIE OR BECOME DISABLED
If you have at least 15 years of AMD service and your AMD employment is
terminated because of your death or total disability, here's what happens on
your termination date:
. If you are on an unpaid leave of absence, any options that would have become
vested in the calendar year in which your leave began are immediately vested.
. If you are not on an unpaid leave of absence, you become immediately vested in
any options that would have become vested in that calendar year.
This accelerated vesting of options does not occur if your AMD employment is
terminated because of your death or disability and you have less than 15 years
of service.
IF AMD EXPERIENCES A "CHANGE IN CONTROL"
You become 100% vested in your outstanding options if AMD experiences a "change
in control", and your employment is terminated by AMD for any reason other than
for misconduct or, if applicable, by constructive termination within one year
after such a change. A "change in control" occurs when:
. More than 20% of AMD has been acquired by a single person or entity,
. Certain changes in the majority of AMD's Board of Directors occur during a
two-year period,
. A merger or consolidation of the company with or into another company,
. Stockholders of the company approve a plan of complete liquidation, or
. There is a sale or disposition of all or substantially all the company's
assets.
IF YOU TAKE A LEAVE OF ABSENCE
You may not exercise any options during an unpaid leave of absence. Also, if
your unpaid leave of absence exceeds 30 consecutive days, the vesting dates for
your unvested options are automatically extended by the number of days by which
your unpaid leave exceeds 30 days. "Unpaid" means that AMD is not paying you a
salary. Unpaid leaves include personal leaves as well as disability, medical,
pregnancy and workers compensation leaves during which you are receiving
disability or workers' compensation benefits through AMD's benefit plans or
insurance. For more details, check with Treasury Services.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001