AMD 2007 Annual Report Download - page 194

liquidation of such assets would not itself cause severe financial hardship). If the Participant’s 409A Benefits Subaccount is deemed to be invested
in more than one Investment Fund, such withdrawal shall be made pro rata from each Investment Fund in which such 409A Benefits Subaccount is
deemed to be invested. This subsection shall not apply to a Participant following his Separation from Service with an Employer, and in the event of
such separation, the amounts credited to the Participant’s 409A Benefits Subaccount shall be payable to him only in accordance with Article VIII.
ARTICLE VIII.
BENEFIT DISTRIBUTIONS
8.1 General Rules.
(a) Benefit Amount. A Participant’s Plan benefit shall be the value of his Individual Account determined as of the end of the calendar quarter
immediately preceding the time of payment of such Account in accordance with Section 8.2 or Section 8.3, as applicable.
(b) Triggering Events. A Participant’s benefit shall become payable upon the earliest to occur of the following events, each of which shall be classified
as a “Triggering Event”:
(1) A Participant’s Separation from Service with an Employer for any reason;
(2) The death of the Participant; or
(3) A determination by the Committee that the Participant has a Disability;
Notwithstanding the preceding sentence, with respect solely to 409A Benefits, if a Participant is a Specified Employee and Separates from Service
for a reason other than death or Disability, distribution of the portion of such Participant’s Individual Account attributable to 409A Benefits shall
commence six (6) months and two days after the date of his Separation from Service.
8.2 Rules Governing Form and Timing of Payment of Grandfathered Benefits.
(a) Commencement of Payments. The portion of a Participant’s Individual Account attributable to Grandfathered Benefits shall be paid, or payments
shall commence, as soon as administratively practicable following the end of the calendar quarter during which a Triggering Event occurs. A
Participant’s benefit shall be paid to the Participant, unless the Triggering Event is the death of the Participant, in which case the Participant’s
benefit shall be paid to the Participant’s designated beneficiary as provided in Section 8.4.
(b) Form of Payment. A Participant’s Individual Account attributable to Grandfathered Benefits shall be paid in cash in a single lump sum payment on
the Participant’s Payment Date.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008