AMD 2003 Annual Report Download - page 127

VP PERFORMANCE RECOGNITION PROGRAM
month’s credit will be given where the Participant was actively employed for at least 15 days of a partial month.
G. A participant who voluntarily terminates employment with AMD or FASL LLC and 1) has reached 60 years of age, 2) has 15 years of AMD and/or
FASL LLC service, and 3) has been actively employed for at least 6 months in the Plan Year is eligible for a payment of an accrued award that is
not prorated for less than a full-year’s service. Participants actively employed for less than 6 months are eligible for a prorated accrued award. The
payment will be based on year-end financial performance and will be made at the same time as other Plan payments. The proration provisions, as
discussed in D and F above, will apply. The above conditions apply to any LTP carryover. Any STP carryover is forfeited upon termination of any
kind.
H. If a participant dies during the Plan Year, any accrued award for the current Plan Year will be paid in full so long as the Participant was on active
status for at least 6 months of that year. If active for less than 6 months, any award generated at the end of the year will be prorated as above.
Payments of any accrued award, including any earned LTP carryover amounts, will be made to the designated recipient of the participant’s final
paycheck. Any STP carryover awards are forfeited.
I. No allowance will be made for factors beyond the control of the Plan Participants that either adversely or favorably affect the Plan’s performance.
There is no vested entitlement to any accrued award as described above. Award payments are made at the sole discretion of the CEO.
J. AMD reserves the right to retroactively or prospectively modify or terminate the Plan, in whole or in part, and AMD reserves the right to deny the
participation of, or payout of an award to, a Participant, at its sole discretion, with or without notice or cause.
VIII. Definition of Terms
Base Salary is defined as the Participant’s annualized base pay rate at the end of the Plan Year or, in the case of Plan tier changes, the Participant’s
annualized base pay rate at the end of the participation period for each separate tier. For a participant who exits the Plan, but retains eligibility, or changes
Plan tiers during the year, the annualized salary will be calculated based on the salary in effect at the time of the change in status.
Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004