Document:

Offer Letter - Thomas Seifert

 Exhibit 10.1 
 Personal and Confidential 
 August 31, 2009 
 Thomas Seifert 
 [Address] 
 Dear Thomas, 
 We are pleased to extend to you
this offer of employment to join Advanced Micro Devices, Inc. (AMD), in the position of Senior Vice President and Chief Financial Officer, reporting to Dirk Meyer, Chief Executive Officer. If accepted, under this offer you would be
located at our Lonestar campus corporate offices in Austin, Texas beginning on Monday, October 5, 2009. 
 Your initial bi-weekly salary
will be $20,192.31 ($525,000 annualized base salary). AMD has 26 bi-weekly pay periods per year. 
 You will receive a one-time sign-on bonus of
$150,000, less deductions as required by law. If you leave AMD within two years of your hire date, you will be required to reimburse 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 along with the original of this executed offer letter. 
 You will also be eligible to participate in a bonus plan that will be applicable to you, and is currently under development, in accordance with the final terms and conditions of that bonus plan. Your
initial 2009 target bonus opportunity will be 150% of your base salary. Any amount which you may earn under the bonus plan between your hire date and the end of the performance period will be pro-rated for the number of months you
actually participate during this period. Target bonus opportunities are subject to review and may be adjusted, generally each plan year. Your participation will be subject to the terms and conditions of the bonus plan. 
 Further, you will be granted an option to purchase 250,000 shares of AMD common stock at an exercise price equal to the closing price of AMD stock on the
date of the grant. The shares will vest over a 36 month period from date of grant: 33.3% after approximately 12 months from date of grant, and then 8.3% every three months over the next 24 months, assuming continuous active service. Please
note that the stock option grant is 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 incentive plan documents.
The Advanced Micro Devices Inc. Board of Directors has already approved this grant for you contingent upon your acceptance of this offer. 
 Further, subject to approval by Advanced Micro Devices, Inc.’s Board of Directors, you will be granted 125,000 restricted stock units. The units will vest over a 39 month period from date of grant: 33.3% after
approximately 15 months from date of grant, and then 33.3% every 12 months over the next 24 months, assuming continuous active service. Please note that the restricted stock unit grant is 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. 
 You will be considered for an equity grant in May 2010 or the closest grant date following, and contingent upon, the approval of the compensation committee of the Board of Directors. 
 To assist you with your relocation, AMD is offering you executive relocation benefits, as explained in and in accordance with the enclosed Relocation
Guidelines and Expenses Agreement. Please sign, initial, and date the enclosed Relocation Guidelines and Expenses Agreement. Return the original document along with the original executed Offer letter. Your move will be coordinated by the
AMD Corporate Relocation Department. Refer to the Relocation Guidelines and Expenses Agreement for contact information. 

 Personal and Confidential 
 August 31, 2009 
 Thomas Seifert 
 Page 2 of 3 
 You will also be offered the benefit of AMD’s Change of Control Agreement. The
Company developed the enclosed agreement for certain key executives such as you, to provide you with benefits in the event there is a change of control of the Company. The goal of this type of agreement is to enable you to remain focused and
dedicated even in uncertain times. The Change of Control Agreement conforms to the format approved by AMD’s Compensation Committee. 
 AMD makes available to its employees a comprehensive benefits program including medical, dental, life and disability coverage, 401(k) retirement savings plan, and executive physical. 
 This offer is contingent upon you successfully passing a background investigation to be performed by our 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. 
 This offer is contingent upon meeting the conditions listed below by your start date: 
  

	 	•	 	 In accordance with the requirements of the Immigration Reform and Control Act of 1986, you will be required to provide AMD with documents to verify
your identity and your legal right to work in the United States by the time of your start date, targeted for October 5, 2009. You would therefore need to present this documentation on your first day of employment within the United States.

 This offer is further contingent upon your 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.

 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. 
 If this offer is agreeable to you, please accept it by initialing each page, signing your name below and
returning the original signed and dated document to me in the enclosed envelope. 
 We look forward to having you as a member of our team and
feel our association will be mutually rewarding. The dedication, creative drive and loyalty of our employees have enabled us to impact the world through our technological advances in the microelectronics field. We are confident that you possess
these qualities and that your contributions to AMD will be significant. 
 Should you have any questions, please feel free to contact me.

 We look forward to you joining the AMD team! 
  

	
	Sincerely,
	
	/S/    ALLEN
SOCKWELL        
	Allen Sockwell
	Sr. Vice President and Chief Talent Officer
	
	 [Phone Number]

 Personal and Confidential 
 August 31, 2009 
 Thomas Seifert 
 Page 3 of 3 
 Agreed to and accepted by: 
  

							
	 /S/    THOMAS SEIFERT
	    	 10/05/09
	  		  	
	Signature	    	Start Date*	  		  	

  

	
	 09/01/09

	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 Allen Sockwell or your assigned recruiter
(Jeff Vise, noted above). Please note that all new AMD employees start on a Monday.Relocation Expenses Agreement - Thomas Seifert

 Exhibit 10.2 
 

 
 This Relocation Expenses Agreement (the “Agreement”) is entered into by and between Advanced Micro
Devices, Inc. (“AMD”) and Thomas Seifert (“Employee”) (collectively, the “Parties”). 
  

	1.	Relocation Expenses. AMD agrees to provide Employee, and/or designated third parties on behalf of Employee, certain expenses associated with Employee’s
relocation in connection with Employee’s AMD employment (“Relocation Expenses”). Relocation Expenses shall include only those expenses authorized and described in the enclosed Relocation Guidelines, and/or other expenses related to
Employee’s relocation that are pre-approved in writing by AMD’s CEO. Employee’s estimated relocation expenses are $161,000. Actual Relocation Expenses may be greater or less, and the terms of this Agreement apply only to
the amount actually incurred by or paid to Employee. 

  

	2.	Repayment of Relocation Expenses. Employee agrees to repay to AMD all or a prorated amount of the Relocation Expenses, according to the following terms:

  

	 	(a)	Repayment Due to Termination of Employment. If Employee’s employment with AMD terminates less than 13 full months after the effective date of
Employee’s hire or transfer, Employee agrees to repay one hundred percent (100%) of the Relocation Expenses paid by AMD. If Employee’s employment with AMD terminates at least 13 full months after the effective date of Employee’s
hire or transfer, but less than 24 full months after the effective date of Employee’s hire or transfer, Employee agrees to repay the full amount of the Relocation Expenses paid by AMD, less eight point thirty-three percent (8.33%) for
each full month of employment completed after the twelfth month of employment. Employee agrees that repayment obligations under this Agreement are not reduced by completion of partial months of employment. Employee further agrees that Employee
will repay Relocation Expenses 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 Employee’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 Employee’s voluntary termination
of his/her employment, or AMD’s termination of Employee’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. Employee agrees that any repayment due AMD under this Agreement may be deducted to the extent permitted by law from any amounts due Employee
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. Employee 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. Employee 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. Employee also understands and acknowledges that this Agreement is the entire agreement between him/her and AMD with respect to this subject matter, and Employee acknowledges that AMD has not made any other statements, promises or commitments of
any kind (written or oral) to cause Employee 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. 

  

									
	EMPLOYEE	 		 	ADVANCED MICRO DEVICES, INC.
					
	Signature:	 	 /S/    THOMAS
SEIFERT        
	 		 	By:	 	 Jeff Vise

					
	Printed Name:	 	 THOMAS SEIFERT
	 		 	Title:	 	 Global Talent Acquisition Leader

					
	Date:	 	 09/03/09
	 		 	Date:	 	 9/1/09

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