AMD 2004 Annual Report Download - page 176

“Tax Liability Distributions” shall refer to any distribution made to a Member pursuant to Section 5.1.1(a). All Tax Liability Distributions shall be
made in cash. The table below sets forth the correspondence between the Tax Liability Distributions made by the Company to the Members with respect to their
respective estimated and final tax payments and the related Fiscal Year of the Company. References in the table to “year x” refer to any calendar year, and
references to “year x + 1” refer to the subsequent calendar year. In the event the taxable year of the Company no longer corresponds to that of the AMD Member,
the table shall be appropriately adjusted. Tax Liability Distributions made to a Member with respect to a particular Fiscal Year of the Company shall also include
distributions of any positive Tax Liability Distribution Adjustment made to a Member with respect to such Fiscal Year. Tax Liability Distributions with respect
to any Fiscal Year will be reduced by the amount of any negative Tax Liability Distribution Adjustment with respect to a prior Fiscal Year (but only to the extent
that any such negative Tax Liability Distribution Adjustment has not been previously applied as a reduction pursuant to this sentence).
Tax Liability Distributions of Fujitsu
Member in Respect of:
Fiscal Year of Company (ends the
last Sunday in December, year x)
Tax Liability Distributions of AMD
Member in respect of:
Fiscal Year of Company (ends the last
Sunday in December, year x)
First quarter estimated (payable July
15, year x)
Fiscal Year ending in year x First quarter estimated (payable April
15, year x)
Fiscal Year ending in year x
Second quarter estimated (payable
September 15, year x)
Fiscal Year ending in year x Second quarter estimated (payable June
15, year x)
Fiscal Year ending in year x
Third quarter estimated (payable
December 15, year x)
Fiscal Year ending in year x Third quarter estimated (payable
September 15, year x)
Fiscal Year ending in year x
Fourth quarter estimated (payable
March 15, year x + 1)
Fiscal Year ending in year x Fourth quarter estimated (payable
December 15, year x)
Fiscal Year ending in year x
Final payment for Fujitsu Member
taxable year ended March 31, year x +
1 (payable June 15, year x + 1)
Fiscal Year ending in year x Final payment for AMD Member
taxable year ended last Sunday in
December, year x (payable March 15,
year x + 1)
Fiscal Year ending in year x
“Tax Liability Distribution Adjustment” shall mean an amount, which may be either positive or negative, which shall be determined with respect
to each Member for each Fiscal Year as the excess of (i) the product of the Tax Distribution Rate for such Fiscal Year
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Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request.
Omissions are designated as ****. A complete version of the exhibit has been filed separately with the Securities and Exchange Commission.
Source: ADVANCED MICRO DEVIC, 10-K, March 01, 2005