AMD 2000 Annual Report Download - page 95

WHEN YOU LEAVE AMD
You forfeit all unvested options when you leave AMD. If you are not a Vice
President or Officer of 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 (or your beneficiary) have 12 months from your termination date to
exercise vested options:
. If your termination is due to your total disability.
. If you die while employed at AMD.
. If you have been a Vice President or Officer of AMD for at least 90 days when
you terminate.
If you are uncertain about the final day to purchase options, be sure to contact
Treasury Services at least several days 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,
. The options are not vested 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 nonvested options are canceled
and will not be reinstated, even if you are rehired the day after your break in
service.
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 outstanding 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-
capitalization, or split-up, combinations or exchange of shares.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001