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Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT AND WAIVER
This agreement and waiver (the " Amendment ")
between Advanced Micro Devices, Inc. (" AMD "), and
you, Hector Ruiz, is made as of December 16, 2006 (the "
Effective Date ") and, to the extent provided herein,
amends the Employment Agreement between Advanced Micro Devices,
Inc. and you dated January 31, 2002 as amended effective
January 1, 2005 and as amended effective July 1, 2005
(the " Employment Agreement ") governing your service
with AMD.
1. Amendment . You and AMD agree to the following
amendments to the Employment Agreement:
Sections 10(a)(vi), 10(b)(v), 10(e)(ii)(D) and 10(f)(ii)(D) of
the Employment Agreement are hereby deleted in their entirety and
each subsequent subsection shall be renumbered accordingly.
2. Acknowledgement of Relocation Benefit . You
hereby acknowledge that in lieu of paying your Relocation Benefit
(as defined in the Employment Agreement) to you pursuant to the
foregoing sections of the Employment Agreement, AMD has agreed to
pay to you an amount equal to the Relocation Benefit in a single
lump sum as soon as practicable following the Effective Date.
3. Waiver and Release . You acknowledge and agree
that following the payment to you under Section 2 above you
hereby waive, relinquish and give up any and all additional right,
title or interest t
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