AMD » Topics » PARTICIPATION

This excerpt taken from the AMD 10-K filed Feb 26, 2008.

PARTICIPATION

 

2.1 Participation.

 

  (a) Prior to the first day of each Plan Year, the Committee, in its absolute discretion, shall determine and notify those Employees who are newly eligible to become Participants. Any such “Eligible Employee” shall become a Participant in the Plan by electing to defer a portion of his Compensation by filing with the Committee an election that conforms to the requirements of this Article, on a form or electronic method provided by the Committee, during the Election Period.

 

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  (b) A Participant who transfers employment with the Company to a related business entity (an “Employer”) shall continue to be classified as a Participant with the Company for purposes of this Plan. A related business entity shall include a controlled group member company, an affiliated management or service group member company, a subsidiary or joint venture of the Company, or other related business entity as defined in Code Section 414(b), (c), (m) or (n).

 

  (c) Notwithstanding subsection (a) above, if an individual is hired by the Company during Plan Year and is designated by the Committee as an Eligible Employee on his date of hire, such Eligible Employee may file a deferral election with the Committee within the thirty (30)-day period following the date he becomes an Eligible Employee. This election shall be made no later than the last day of his Initial Election Period.
This excerpt taken from the AMD 10-Q filed Aug 4, 2005.

PARTICIPATION

 

An Eligible Employee shall become a Participant in the Plan by electing to defer a portion of his or her Compensation, pursuant to Section 3.1.

 

EXCERPTS ON THIS PAGE:

10-K
Feb 26, 2008
10-Q
Aug 4, 2005
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