AMD 2007 Annual Report Download - page 203

(d) Compliance with the claims review procedures set forth in this Section shall be a condition precedent to the filing of a lawsuit by a Participant, his
beneficiary, or any person claiming through a participant or beneficiary in connection with a Plan benefit, and a failure to timely exhaust the
administrative remedies set forth herein shall bar any such proceeding in federal or state court.
10.7 Obligation to Supply Information. An Employer whose employees are Participants shall supply full and timely information to the Committee, including,
but not limited to, information relating to each Participant’s Compensation, age, retirement, death, or other cause of separation from service and such other
pertinent facts as the Committee may require. When making a determination in connection with the Plan, the Committee shall be entitled to rely upon the
aforesaid information furnished by such Employer.
10.8 Indemnity. To the extent permitted by applicable law, the Company and each participating Employer shall indemnify and hold harmless each member of
the Committee and other employees of the Company or any Employer to whom Plan administrative functions have been delegated by the Committee
against any and all expenses and liabilities arising out of such individual’s administrative functions or fiduciary responsibilities under or incident to the
Plan, including any expenses and liabilities that are caused by or result from an Account or omission constituting the negligence of such individual in the
performance of such functions or responsibilities, but excluding expenses and liabilities that are caused by or result from such individual’s own gross
negligence or willful misconduct. Expenses against which such individual shall be indemnified hereunder shall include, without limitation, the amounts of
any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection with a claim asserted or a proceeding brought or
settlement thereof.
10.9 Compensation. The Committee shall serve without compensation. The Committee is authorized to employ such legal counsel as it may deem advisable to
assist in the performance of its duties, which shall be at the Company’s expense. Expenses and fees in connection with the administration of the Plan shall
be paid by the Company.
ARTICLE XI.
PURPOSE AND UNFUNDED NATURE OF THE PLAN
11.1 Purpose of Plan. The Company, as Plan sponsor, intends and desires by the adoption and maintenance of the Plan to recognize the value to the Company
of the past and present services of employees covered by the Plan and to encourage and ensure their continued service with the Company by making more
adequate provision for their future retirement security.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008