AMD 2015 Annual Report Download - page 105

The following table summarizes long-lived assets by geographic areas:
December 26,
2015
December 27,
2014
(In millions)
United States ................................... $ 123 $ 149
Malaysia ....................................... 11 57
China ......................................... 5 45
Singapore ...................................... 25 17
Other countries .................................. 24 34
Total long-lived assets ................................ $ 188 $ 302
NOTE 13: Stock-Based Incentive Compensation Plans
The Company’s stock-based incentive programs are intended to attract, retain and motivate highly qualified
employees. On April 29, 2004, the Company’s stockholders approved the 2004 Equity Incentive Plan (the 2004
Plan). As of December 26, 2015, the Company also has stock options outstanding under equity compensation
plans that the Company assumed as part of its SeaMicro acquisition. Shares reserved for future grants under the
Company’s prior equity compensation plans were consolidated into the 2004 Plan; none of the reserved shares
under the SeaMicro plan were consolidated into the 2004 Plan. As of December 26, 2015, the Company had
11.4 million shares of common stock that were available for future grants and 83 million shares reserved for
issuance upon the exercise of outstanding stock options or the vesting of unvested restricted stock and restricted
stock units.
Under the 2004 Plan, stock options generally vest and become exercisable over a three- to four-year period
from the date of grant and expire within ten years after the grant date. Unvested shares that are reacquired by the
Company from outstanding equity awards become available for grant and may be reissued as new awards.
Under the 2004 Plan, the Company can grant fair market value awards or full value awards. Fair market
value awards are awards granted at or above the fair market value of the Company’s common stock on the date
of grant. Full value awards are awards granted at less than the fair market value of the Company’s common stock
on the date of grant. Awards can consist of (i) stock options and stock appreciation rights granted at the fair
market value of the Company’s common stock on the date of grant and (ii) restricted stock or restricted stock
units, as full value awards. The following is a description of the material terms of the awards that may be granted
under the 2004 Plan.
Stock Options. A stock option is the right to purchase shares of the Company’s common stock at a fixed
exercise price for a fixed period of time. Under the 2004 Plan, nonstatutory and incentive stock options may be
granted. The exercise price of the shares subject to each nonstatutory stock option and incentive stock option
cannot be less than 100% of the fair market value of the Company’s common stock on the date of the grant. The
exercise price of each option granted under the 2004 Plan must be paid in full at the time of the exercise.
Stock Appreciation Rights. Awards of stock appreciation rights may be granted pursuant to the 2004 Plan.
Stock appreciation rights may be granted to employees and consultants. No stock appreciation right may be
granted at less than fair market value of the Company’s common stock on the date of grant or have a term of over
ten years from the date of grant. Upon exercising a stock appreciation right, the holder of such right is entitled to
receive payment from the Company in an amount determined by multiplying (i) the difference between the
closing price of a share of the Company’s common stock on the date of exercise and the exercise price by (ii) the
number of shares with respect to which the stock appreciation right is exercised. The Company’s obligation
arising upon the exercise of a stock appreciation right may be paid in shares or in cash, or any combination
thereof.
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