Document:

Sign-On Bonus Agreement

 Exhibit 10.62 

 
 

 
 SIGN-ON BONUS AGREEMENT 
 This Sign-On Bonus Agreement (the “Agreement”) is entered into by and between Advanced Micro Devices, Inc. (including its affiliated companies) (“AMD”) and Mark Papermaster
(“Candidate”) (collectively, the “Parties”). 
  

	 	1.	 Sign-On Bonus. AMD agrees to pay Candidate a one-time Sign-On Bonus of $450,000 (“Bonus”), subject to all required taxes and
withholdings, to be paid within thirty (30) days of Candidate’s first day of work for AMD (“Hire Date”). The Parties agree that the Bonus is an unvested wage advance upon receipt that Candidate will earn in its entirety by
remaining employed by AMD for 12 months following the Hire Date. 

  

	 	2.	 Repayment of Bonus. Candidate agrees to repay to AMD all or a prorated amount of the Bonus, according to the following terms:

  

	 	(a)	 Repayment Due to Termination of Employment. If Candidate’s employment with AMD terminates less than 12 full months after the Hire Date,
Candidate agrees to repay the full amount of the Bonus, less eight point thirty-three percent (8.33%) for each full month of employment completed. Candidate agrees that repayment obligations under this Agreement are not reduced by
completion of partial months of employment other than as stated in this Agreement. Candidate further agrees that Candidate will repay the Bonus by no later than the effective date of the employment termination, and that any outstanding balance on
such repayment obligation is delinquent and immediately collectable the day following the effective date of termination. 

  

	 	(b)	 Repayment Forgiveness. AMD agrees to forgive any repayment due AMD under this Agreement where AMD terminates Candidate’s employment due
to a company- or department-wide reduction-in-force. AMD may also, in its sole discretion, forgive any repayment due AMD under this Agreement under circumstances of an extraordinary or unavoidable nature. The Parties agree that Candidate’s
voluntary termination of his/her employment, or AMD’s termination of Candidate’s employment for any reason other than those stated in this section 2(b), are not conditions requiring forgiveness of any repayment due AMD under this
Agreement. 

  

	 	3.	 No Guarantee of Continued Employment. Nothing in this Agreement guarantees employment for any period of time. 

 

	 	4.	 Consent to Offset. Candidate agrees that any repayment due AMD under this Agreement may be deducted to the extent permitted by law from any
amounts due Candidate from AMD at the time of employment termination, including wages, accrued vacation pay, incentive compensation payments, bonuses and commissions, and hereby expressly authorizes such deduction(s). 

 

	 	5.	 Acknowledgements and Integration. Candidate understands he/she has the right to discuss this Agreement with any individual, and that to the
extent desired, he/she has availed himself/herself of this opportunity. Candidate further acknowledges that he/she has carefully read and fully understands the provisions of this Agreement, and that he/she is voluntarily entering into it without any
duress or pressure from AMD. Candidate also understands and acknowledges that this Agreement is the entire agreement between him/her and AMD with respect to this subject matter, and Candidate acknowledges that AMD has not made any other statements,
promises or commitments of any kind (written or oral) to cause Candidate to agree to the terms of this Agreement. 

  

	 	6.	 Severability. The Parties agree that should any provision of this Agreement be declared or determined by any court to be illegal, invalid or
unenforceable, the remainder of the Agreement shall nonetheless remain binding and enforceable and the illegal, invalid or unenforceable provision(s) shall be modified only so much as necessary to comply with applicable law.

  

			
	 CANDIDATE
	  	ADVANCED MICRO DEVICES, INC. (including its affiliated companies)
		  	

        

  

											
	Signature:	  	 /s/ Mark D. Papermaster
	  		  	By:	  	 John Termotto
	  	
	Printed Name:	  	 Mark D. Papermaster
	  		  	Title:	  	 Head of Global Talent Acquisition
	  	
	Date:	  	 October 7, 2011
	  		  	Date:	  	 06OCT11Offer Letter

 Exhibit 10.63 

 
 

 
 AMD Austin 
 7171 Southwest Parkway 
 Austin TX 78735 

T 512.602.1000 

amd.com 
 Personal
and Confidential 
 October 6, 2011 
 Dear Mark: 
 At Advanced Micro Devices, Inc. (AMD), we believe that a great company is made up of
great people. In that spirit, we are pleased to extend to you this offer of employment in our growing company to be based in Sunnyvale, CA. 

You are being offered the position of Senior Vice-President & Chief Technology Officer, reporting to Rory Read, President &
Chief Executive Officer.  
 Your employment will begin on a mutually acceptable date between you & Rory Read. All new AMD
employees start on a Monday. 
 Base Salary Your initial bi-weekly salary will be $21,153.85 ($550,000.00 annualized). All
payments are subject to deductions and withholdings required by law. 
 Sign-On Bonus You will also receive a one-time gross sign-on
bonus of $450,000 (subject to federal and state withholding taxes) to be paid within 30 days of your date of hire at AMD. Although you will receive this bonus within 30 days of your hire date, the bonus is only earned in its entirety
when you have been employed at AMD for one full year. If your AMD employment terminates prior to one year from hire date, you must repay to AMD all or a prorated amount of the bonus according to the terms and conditions of the enclosed Sign-On
Bonus Agreement. You must sign and date the enclosed Sign-On Bonus Agreement, and return the original of the agreement along with the original of this executed offer and acceptance letter. 

Executive Incentive Plan You will be eligible to participate in AMD’s Executive Incentive Plan (Bonus Plan) in accordance with the terms
and conditions of the applicable Bonus Plan document. Your initial target bonus opportunity will be 100% of your Base Salary. All Bonus Plan payments are at the discretion of AMD management and may be adjusted based on job performance,
business conditions and/or employment dates. Target bonus opportunities are subject to review and may be adjusted, generally each plan year. All Bonus Plan payments are subject to deductions and withholdings required by law.  

  
 Initials
             

 Long Term Incentives You will be granted a quantity of stock options and restricted stock units
(RSU’s) with a combined target value equivalent to USD 2,500,000. The formula for determining the number of RSU’s and stock options follows: 
  

	 	•	 	 # of RSU’s = USD 1,500,000 divided by the 30-day average closing price through the grant date 

 

	 	•	 	 # of stock options = USD 1,000,000 divided by the 30-day average closing price through the grant date and divided by 41.71%(Q3 2011 option
pricing valuation using the Binomial Option Pricing Model) 

 The Board of Directors has approved both
grants and has set the date of grant as the 15th of the
month following your first day of employment with AMD. The RSU’s will generally vest over a 36 month period from date of grant: 33.3% after approximately 12 months from the date of grant, and then 33.3% every 12 months over the
next 24 months, assuming continuous active service. The stock options will vest over a 36 month period from the date of grant: 33.3% after approximately 12 months from the date of grant, and then 8.3% every three months over the next 24 months,
assuming continuous active service. The stock option and RSU grants are an opportunity provided by Advanced Micro Devices, Inc. that is separate from and in addition to your regular compensation, with rights and obligations governed by the
applicable equity plan documents. 
 Benefits AMD makes available to its employees a comprehensive benefits program, including
medical, dental, vision, life and disability coverage, and 401(k) retirement savings plan. You will receive additional details about these benefits, including eligibility terms. 
 Vacation and Holidays At the outset of your employment, you will be eligible for 15 days of vacation per calendar year, pro-rated during your first calendar year of employment. In addition,
AMD offers its employees at least 10 paid holidays each year. 
 Background Check and Export License Requirements This offer is
contingent upon you successfully passing a background investigation to be performed by AMD’s Security Investigations Department. As lawfully permitted, this background investigation includes an investigation of criminal records, previous
employment history and references, and educational background. If applicable, this offer is also contingent on AMD successfully obtaining an export license for you in accordance with government regulations. Please protect your current employment
until the background check and export license processes are complete. 
 Proof of Employment Eligibility In accordance with the
requirements of the Immigration Reform and Control Act of 1986, you will be required to complete an I-9 Employment Authorization Verification form and provide AMD with documents to verify your identity and your legal right to work in the United
States. You must present this documentation on your first day of employment.
 AMD Agreement and Acknowledgments This offer is
contingent upon you signing and returning the enclosed AMD Agreement and completing all new employee orientation requirements (including acknowledging AMD’s Worldwide Standards of Business Conduct). Your employment with AMD is
“at-will,” which means that you or AMD may terminate it at any time, with or without cause or notice. By signing this letter, you acknowledge that you are not aware of any legal or contractual reason you cannot accept employment with or
perform work for AMD. The terms in this letter accurately and completely describe your employment agreement with AMD, and supersede any other oral or written agreements or promises made to you.

  
 Initials
             

 If the terms of this offer are acceptable to you, please initial each page, sign your name below and return
the original signed and dated document to me. This offer will remain open until Wednesday October 12, 2011. If you have any questions, please feel free to contact me. 
 Mark, we look forward to you joining AMD’s winning team! 
 Sincerely, 

 
 

 
 John Termotto 

Head of Global Talent Acquisition 

1-800-538-8450 x50279 
  

					
	Agreed to and accepted by:	    		  	
			
	 /s/ Mark D. Papermaster
	    	  
	  	
	Signature	    	Start Date*	  	

 October 7, 2011
 Date Signed
  

	*	If a start date has been agreed upon, please indicate that date above. If a date has not yet been determined, please contact your recruiter. Please note that
all new AMD employees start on a Monday. 

  
 Initials

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]