AMD 2003 Annual Report Download - page 126

VP PERFORMANCE RECOGNITION PROGRAM
VII. Eligibility for Participation and Receipt of Awards
A. Unless otherwise determined by the CEO, all non-Sales Vice Presidents, Officers, Sr. Vice Presidents, and Group Vice Presidents are Participants in
the Plan.
B. To be eligible to receive any accrued award under the Plan, a participant must be actively employed by AMD or FASL LLC on the actual date of
payment of the award.
C. Payment to a Participant of any calculated award for which the Participant is otherwise eligible is contingent upon that Participant’s sustained
satisfactory performance during the Plan period for which the award was calculated, as determined by the Participant’s immediate superior.
D. To be eligible to receive an accrued STP award of any amount, a participant must have been actively employed in the Plan for some portion of the
Plan Year. A participant who is actively employed for less than an entire Plan Year (i.e., became a participant mid-year or was on an unpaid leave),
and who is otherwise eligible, will receive a prorated STP award, according to the number of months of active employment in the 12-month STP
Plan Year. For purposes of this provision, a full month’s credit will be given where the Participant was actively employed in the Plan for at least 15
days of a partial month.
E. In the event of an employee status change resulting in an approved change of Plan tier (for which different target award levels exist or a group
assignment changes), the participation period for each tier is determined using the proration method described above. The monthly salary
immediately prior to the status change is used to compute all portions of the award for the first tier. The monthly salary at the end of the Plan Year is
used to compute the award for the new tier. Calculations take into account the appropriate targets and maximums for each Plan tier.
F. To be eligible to receive an LTP award of any amount, a participant must have been actively employed in the Plan for at least 12 months. A
participant who is actively employed for less than an entire three-year LTP award period (i.e., became a Participant at some time during the period,
or was on an unpaid leave), and who is otherwise eligible to receive an LTP award, will receive an LTP award that is prorated according to the
number of months of active employment out of the 36-month LTP award period. For purposes of this provision, a full
Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004