AMD 2007 Annual Report Download - page 193

(2) The Participant’s election shall specify whether the distribution is for a fixed dollar amount or the entire amount credited to the Participant’s
Account for such Plan Year. This election shall be irrevocable as of the date the election is made.
(3) Distribution made pursuant to an election filed under this subsection may not commence until at least one (1) full year has elapsed following
the date that such election is submitted to the Committee in writing. The amount of the payment pursuant to this irrevocable election shall be
stated in the election and shall be a fixed dollar amount and shall not be adjusted for earnings or losses following the election date.
(4) An in-service distribution election may be modified by the Participant to provide that the date on which distribution is to be made or
commence shall be a date subsequent to the date payment would otherwise be made or commence; provided, however, that the following
requirements are also met:
A. The Participant must submit this election at least twelve (12) months prior to the date the payment is scheduled to be made (or the
installment payments are scheduled to commence) pursuant to the existing distribution election.
B. The new election will not be effective until twelve (12) months have elapsed after the date on which the new election is filed with the
Committee.
C. The new election provides that payment will not be made or commence for at least five (5) years from the date payment would
otherwise have been made or commenced.
D. No more than two (2) postponements may be filed for any scheduled in-service distribution.
(5) If a Participant Separates from Service prior to the date on which an in-service payment is scheduled to be made under this subsection, his
election shall be terminated and his Individual Account shall be distributed as provided in Section 8.3 below.
(b) Unforeseeable Financial Emergency with Respect to 409A Benefits. In the event that the Committee, upon written petition of the Participant,
determines that the Participant has suffered an Unforeseeable Financial Emergency, the Participant shall be entitled to withdraw from that portion of
his 409A Benefits Subaccount an amount that may not exceed the amount necessary to satisfy such emergency, plus amounts necessary to pay taxes
reasonably anticipated as a result of the distribution, after taking into account the extent to which such hardship is or may be relieved through
(i) reimbursement, (ii) compensation by insurance or otherwise, or (iii) liquidation of the Participant’s assets (to the extent the
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008