Back to top

NON-COMPETITION AGREEMENT

NonCompetition Agreement

NON-COMPETITION AGREEMENT | Document Parties: ADVANCED MICRO DEVICES IN You are currently viewing:
This NonCompetition Agreement involves

ADVANCED MICRO DEVICES IN

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: NON-COMPETITION AGREEMENT
Governing Law: California     Date: 3/1/2005
Industry: Semiconductors     Sector: Technology

NON-COMPETITION AGREEMENT, Parties: advanced micro devices in
50 of the Top 250 law firms use our Products every day
+ADw-html xmlns:v+AD0AIg-urn:schemas-microsoft-com:vml+ACI- xmlns:o+AD0AIg-urn:schemas-microsoft-com:office:office+ACI- xmlns:w+AD0AIg-urn:schemas-microsoft-com:office:word+ACI- xmlns+AD0AIg-http://www.w3.org/TR/REC-html40+ACIAPg- +ADw-head+AD4- +ADw-meta http-equiv+AD0-Content-Type content+AD0AIg-text/html+ADs- charset+AD0-utf-7+ACIAPg- +ADw-meta name+AD0-ProgId content+AD0-Word.Document+AD4- +ADw-meta name+AD0-Generator content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-meta name+AD0-Originator content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-link rel+AD0-File-List href+AD0AIg-dex1043.htm+AF8-1353+AF8-files/filelist.xml+ACIAPg- +ADw-link rel+AD0-Edit-Time-Data href+AD0AIg-dex1043.htm+AF8-1353+AF8-files/editdata.mso+ACIAPg- +ADwAIQ---+AFs-if +ACE-mso+AF0APg- +ADw-style+AD4- v+AFw-:+ACo- +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- o+AFw-:+ACo- +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- w+AFw-:+ACo- +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- .shape +AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- +ADw-/style+AD4- +ADwAIQBb-endif+AF0---+AD4- +ADw-title+AD4-Non-Competition Agreement+ADw-/title+AD4- +ADwAIQ---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-o:DocumentProperties+AD4- +ADw-o:Author+AD4-PTISYS+ADw-/o:Author+AD4- +ADw-o:LastAuthor+AD4-E. Russell McGregor+ADw-/o:LastAuthor+AD4- +ADw-o:Revision+AD4-2+ADw-/o:Revision+AD4- +ADw-o:TotalTime+AD4-0+ADw-/o:TotalTime+AD4- +ADw-o:Created+AD4-2005-10-18T13:53:00Z+ADw-/o:Created+AD4- +ADw-o:LastSaved+AD4-2005-10-18T13:53:00Z+ADw-/o:LastSaved+AD4- +ADw-o:Pages+AD4-1+ADw-/o:Pages+AD4- +ADw-o:Words+AD4-5360+ADw-/o:Words+AD4- +ADw-o:Characters+AD4-30554+ADw-/o:Characters+AD4- +ADw-o:Company+AD4-Practice Technologies, Inc.+ADw-/o:Company+AD4- +ADw-o:Lines+AD4-254+ADw-/o:Lines+AD4- +ADw-o:Paragraphs+AD4-71+ADw-/o:Paragraphs+AD4- +ADw-o:CharactersWithSpaces+AD4-35843+ADw-/o:CharactersWithSpaces+AD4- +ADw-o:Version+AD4-11.6360+ADw-/o:Version+AD4- +ADw-/o:DocumentProperties+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:WordDocument+AD4- +ADw-w:ValidateAgainstSchemas/+AD4- +ADw-w:SaveIfXMLInvalid+AD4-false+ADw-/w:SaveIfXMLInvalid+AD4- +ADw-w:IgnoreMixedContent+AD4-false+ADw-/w:IgnoreMixedContent+AD4- +ADw-w:AlwaysShowPlaceholderText+AD4-false+ADw-/w:AlwaysShowPlaceholderText+AD4- +ADw-w:BrowserLevel+AD4-MicrosoftInternetExplorer4+ADw-/w:BrowserLevel+AD4- +ADw-/w:WordDocument+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:LatentStyles DefLockedState+AD0AIg-false+ACI- LatentStyleCount+AD0AIg-156+ACIAPg- +ADw-/w:LatentStyles+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4- +ADw-style+AD4- +ADwAIQ--- /+ACo- Style Definitions +ACo-/ p.MsoNormal, li.MsoNormal, div.MsoNormal +AHs-mso-style-parent:+ACIAIgA7- margin:0in+ADs- margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- p +AHs-mso-margin-top-alt:auto+ADs- margin-right:0in+ADs- mso-margin-bottom-alt:auto+ADs- margin-left:0in+ADs- mso-pagination:widow-orphan+ADs- font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- +AEA-page Section1 +AHs-size:8.5in 11.0in+ADs- margin:1.0in 1.25in 1.0in 1.25in+ADs- mso-header-margin:.5in+ADs- mso-footer-margin:.5in+ADs- mso-paper-source:0+ADsAfQ- div.Section1 +AHs-page:Section1+ADsAfQ- --+AD4- +ADw-/style+AD4- +ADwAIQ---+AFs-if gte mso 10+AF0APg- +ADw-style+AD4- /+ACo- Style Definitions +ACo-/ table.MsoNormalTable +AHs-mso-style-name:+ACI-Table Normal+ACIAOw- mso-tstyle-rowband-size:0+ADs- mso-tstyle-colband-size:0+ADs- mso-style-noshow:yes+ADs- mso-style-parent:+ACIAIgA7- mso-padding-alt:0in 5.4pt 0in 5.4pt+ADs- mso-para-margin:0in+ADs- mso-para-margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:10.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-ansi-language:+ACM-0400+ADs- mso-fareast-language:+ACM-0400+ADs- mso-bidi-language:+ACM-0400+ADsAfQ- +ADw-/style+AD4- +ADwAIQBb-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-o:shapedefaults v:ext+AD0AIg-edit+ACI- spidmax+AD0AIg-2050+ACI-/+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-o:shapelayout v:ext+AD0AIg-edit+ACIAPg- +ADw-o:idmap v:ext+AD0AIg-edit+ACI- data+AD0AIg-1+ACI-/+AD4- +ADw-/o:shapelayout+AD4APA-/xml+AD4APAAhAFs-endif+AF0---+AD4- +ADw-/head+AD4- +ADw-body bgcolor+AD0-white lang+AD0-EN-US style+AD0-'tab-interval:.5in'+AD4- +ADw-div class+AD0-Section1+AD4- +ADw-p align+AD0-right style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Exhibit 10.43 +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p align+AD0-right style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Redacted Version +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p align+AD0-right style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Confidential Treatment Marked +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-NON-COMPETITION AGREEMENT +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-THIS NON-COMPETITION AGREEMENT (this +IBwAPA-b+AD4-Agreement+ADw-/b+AD4gHQ-) is made and entered into as of June 30, 2003, by and among Advanced Micro Devices, Inc., a Delaware corporation (+IBwAPA-b+AD4-AMD+ADw-/b+AD4gHQ-), AMD Investments, Inc., a Delaware corporation (+IBwAPA-b+AD4-AMD Investments+ADw-/b+AD4-,+IB0- and together with AMD, the +IBwAPA-b+AD4-AMD Entities+ADw-/b+AD4gHQ-), Fujitsu Limited, a corporation organized under the laws of Japan (+IBwAPA-b+AD4-Fujitsu+ADw-/b+AD4gHQ-), Fujitsu Microelectronics Holding, Inc., a Delaware corporation (+IBwAPA-b+AD4-Fujitsu Sub+ADw-/b+AD4-,+IB0- and together with Fujitsu, the +IBwAPA-b+AD4-Fujitsu Entities+ADw-/b+AD4-,+IB0- and collectively with the AMD Entities, the +IBwAPA-b+AD4-Entities+ADw-/b+AD4gHQ-), and FASL LLC, a Delaware limited liability company (the +IBwAPA-b+AD4-Joint Venture+ADw-/b+AD4gHQ- and collectively with the Entities, the +IBwAPA-b+AD4-Parties+ADw-/b+AD4gHQ-). +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-RECITALS: +ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-A. Concurrently herewith, the Parties have entered into an Amended and Restated Limited Liability Company Operating Agreement (the +IBwAPA-b+AD4-Operating Agreement+ADw-/b+AD4gHQ-), a Contribution and Assumption Agreement (the +IBwAPA-b+AD4-Contribution Agreement+ADw-/b+AD4gHQ-) and certain related agreements. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-B. One of the material conditions precedent to the willingness of the Parties to enter into the Operating Agreement and the Contribution Agreement is that the Parties have agreed to execute, deliver and be bound by this Agreement. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-NOW, THEREFORE+ADw-/span+AD4APA-/b+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-, in consideration of the premises, the mutual promises and covenants of the Parties set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, agree as follows: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-1. +ADw-u+AD4-Certain Definitions+ADs- Interpretation+ADw-/u+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(a) In addition to the terms defined elsewhere in this Agreement, the following capitalized terms shall have the following meanings when used herein (and capitalized terms not defined herein have the meanings assigned to them in the Operating Agreement): +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4-Affiliate+ADw-/b+AD4gHQ- of a Person, means any other Person which, directly or indirectly, controls, is controlled by, or is under common control with, such Person. The term +IBw-control+IB0- (including, with correlative meaning, the terms +IBw-controlled by+IB0- and +IBw-under common control with+IB0-), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. The Parties acknowledge and agree that neither Fujitsu nor AMD is presently controlled by any other Person, and that the Joint Venture and its Subsidiaries shall not be deemed to be (a) Affiliates of the AMD Entities or (b) Affiliates of the Fujitsu Entities. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4-Competing Business+ADw-/b+AD4gHQ- means any business engaged in the development, production, manufacture, marketing, distribution, promotion or sale of Stand-Alone NVM Products in any country in the world in which the Joint Venture conducts its business+ADs- +ADw-i+AD4-provided+ADw-/i+AD4-, +ADw-i+AD4-however+ADw-/i+AD4-, that (i) the Entities+IBk- respective Membership Interests and the conduct of the Joint +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-i+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as +ACoAKgAqACo-. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. +ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Venture Business (as defined in the Contribution Agreement), (ii) Fujitsu+IBk-s and its Affiliates+IBk- development, production, manufacture, marketing, distribution, promotion and/or and sales of Ferro-electric non-volatile memory technology and products and (iii) the performance by AMD and its Affiliates and/or Fujitsu and its Affiliates of their respective obligations under agreements between AMD and/or its Affiliates and the Joint Venture and/or its Subsidiaries or between Fujitsu and/or its Affiliates and the Joint Venture and/or its Subsidiaries (+ADw-i+AD4-provided+ADw-/i+AD4- that any such agreement is not entered into for purposes of circumventing the intent of this Agreement), shall each be deemed not to constitute a Competing Business. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4-NVM+ADw-/b+AD4gHQ- means a non-volatile memory device wherein information stored in a memory cell is maintained without power consumption and the write time (including erase time if there is an erase operation prior to a write operation) exceeds the read time allowing the device to function primarily as a reading device. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4gHAA8-b+AD4-Stand-Alone NVM Product+ADw-/b+AD4gHQ- means a semiconductor product (including a single chip or a multiple chip or system product) containing NVM dedicated to data storage wherein all circuitry (including logic circuitry) contained therein is solely to accept, store, retrieve or access information or instructions and cannot manipulate such information or execute instructions. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(b) The following rules of interpretation shall apply to this Agreement: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(i) The words +IBw-hereof,+IB0- +IBw-herein,+IB0- +IBw-hereunder+IB0- and similar words refer to this Agreement as a whole and not to any particular provision of this Agreement. The term +IBw-including+IB0- is not limited and means +IBw-including without limitation.+IB0- +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(ii) Unless otherwise noted, all references to Sections, Schedules and Exhibits herein are to Sections, Schedules and Exhibits of this Agreement. The titles, captions and headings of this Agreement are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:79.55pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(iii) Unless otherwise expressly provided herein, (a) references to a Person include its successors and permitted assigns, (b) references to agreements (including this Agreement) and other contractual instruments shall be deemed to include all subsequent amendments, restatements and other modifications thereto or supplements thereof and (c) references to any statute or regulation are to be construed as including all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such statute or regulation. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2. +ADw-u+AD4-Competition by AMD Entities and their Affiliates with the Joint Venture+ADw-/u+AD4-. Subject to Section 4(d), during the AMD Non-Competition Term, the AMD Entities hereby covenant and agree not to (and AMD agrees to cause its Affiliates not to), directly or indirectly, engage in a Competing Business. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3. +ADw-u+AD4-Competition by the Fujitsu Entities and their Affiliates with the Joint Venture+ADw-/u+AD4-. Subject to Section 5(d), during the Fujitsu Non-Competition Term, the Fujitsu Entities hereby covenant and agree not to (and Fujitsu agrees to cause its Affiliates not to), directly or indirectly, engage in a Competing Business. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-2 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-4. +ADw-u+AD4-Divestiture of Competing Business by AMD Entities+ADw-/u+AD4-. During the AMD Non-Competition Term, the AMD Entities hereby covenant and agree that: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4-+ADw-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(a) If an AMD Entity or its Affiliates (an +IBwAPA-b+AD4-AMD Acquiring Party+ADw-/b+AD4gHQ-) acquires a majority equity or other majority ownership interest of a Person whose principal line of business is not a Competing Business, but which has a division or other operations constituting a Competing Business (any such division or operations, an +IBwAPA-b+AD4-AMDAcquired Interest+ADw-/b+AD4gHQ-), AMD shall (or, if applicable, shall cause AMD Investments or its other applicable Affiliates to) (i) promptly provide the Joint Venture and the Fujitsu Entities with written notice of such acquisition (the +IBwAPA-b+AD4-AMD Acquisition Notice+ADw-/b+AD4gHQ-) and (ii) provide the Joint Venture with a right of first offer to acquire the AMD Acquired Interest, such right to last for a period of sixty (60) days following the Joint Venture+IBk-s receipt of the AMD Acquisition Notice (the +IBwAPA-b+AD4-AMD Offer Period+ADw-/b+AD4gHQ-). During the AMD Offer Period, AMD shall (or, if applicable, shall cause AMD Investments or its other applicable Affiliates to) (A) provide the Joint Venture with an opportunity to conduct reasonable due diligence on the AMD Acquired Interest and (B) enter into exclusive discussions with the Joint Venture concerning a sale of the AMD Acquired Interest to the Joint Venture. The Joint Venture shall have the right, but not the obligation, to make an offer to purchase all, but not less than all, of the AMD Acquired Interest by providing written notice to AMD (+IBwAPA-b+AD4-Joint Venture/AMD Offer+ADw-/b+AD4gHQ-) at any time prior to the end of the AMD Offer Period, such written notice to include in reasonable detail the terms on which the Joint Venture proposes to purchase the AMD Acquired Interest. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(b) Any determination as to whether to make a Joint Venture/AMD Offer, and the terms of such Joint Venture/AMD Offer, shall be made by the Board of Managers. If a Joint Venture/AMD Offer is made prior to the conclusion of the AMD Offer Period, the AMD Acquiring Party shall have thirty (30) days from its receipt of the Joint Venture/AMD Offer in which to accept or reject the Joint Venture/AMD Offer by providing the Joint Venture with written notice of its decision within such 30-day period, such decision to be made by the AMD Acquiring Party in its sole discretion. If the AMD Acquiring Party fails to provide the Joint Venture with written notice of its decision within such 30-day period, the AMD Acquiring Party shall be deemed to have rejected the Joint Venture/AMD Offer. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(c) If the Joint Venture does not make a Joint Venture/AMD Offer prior to the conclusion of the AMD Offer Period, or if the AMD Acquiring Party rejects a Joint Venture/AMD Offer, the AMD Acquiring Party shall (and, if applicable, AMD shall cause the AMD Acquiring Party to) take all commercially reasonable steps to sell or otherwise divest the AMD Acquired Interest as soon as reasonably practicable to an unaffiliated Person following the conclusion of the AMD Offer Period or the 30-day period referenced in Section 4(b), whichever is later+ADs- +ADw-i+AD4-provided, however+ADw-/i+AD4-, if the AMD Acquired Party rejected a Joint Venture/AMD Offer pursuant to Section 4(b), the terms of sale to the unaffiliated Person shall be no more favorable than the terms set forth in the Joint Venture/AMD Offer. +ACoAKgAqACo- AMD Acquiring Party +ACoAKgAqACo- the AMD Acquired Interest +ACoAKgAqACo- the AMD Acquired Interest, +ACoAKgAqACo- the AMD Acquiring Party +ACoAKgAqACo- the AMD Acquired Interest +ACoAKgAqACo-. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(d) The Parties agree that an AMD Acquiring Party+IBk-s acquisition of a majority interest in a Person whose principal line of business is not a Competing Business but which has a division or operations that constitute a Competing Business shall not be deemed to be a breach of the obligations set forth in Section 2 for so long as AMD and/or its applicable Affiliates are complying in all material respects with its obligations under this Section 4. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-i+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as +ACoAKgAqACo-. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. +ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-3 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-5. +ADw-u+AD4-Divestiture of Competing Business by Fujitsu Entities+ADw-/u+AD4-. During the Fujitsu Non-Competition Term, the Fujitsu Entities hereby covenant and agree that: +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(a) If a Fujitsu Entity or its Affiliates (a +IBwAPA-b+AD4-Fujitsu Acquiring Party+ADw-/b+AD4gHQ-) acquires a majority equity or other majority ownership interest of a Person whose principal line of business is not a Competing Business, but which has a division or other operations constituting a Competing Business (any such division or operations, an +IBwAPA-b+AD4-Fujitsu Acquired Interest+ADw-/b+AD4gHQ-), Fujitsu shall (or, if applicable, shall cause Fujitsu Sub or its other applicable Affiliates to) (i) promptly provide the Joint Venture and the AMD Entities with written notice of such acquisition (the +IBwAPA-b+AD4-Fujitsu Acquisition Notice+ADw-/b+AD4gHQ-) and (ii) provide the Joint Venture with a right of first offer to acquire the Fujitsu Acquired Interest, such right to last for a period of sixty (60) days following the Joint Venture+IBk-s receipt of the Fujitsu Acquisition Notice (the +IBwAPA-b+AD4-Fujitsu Offer Period+ADw-/b+AD4gHQ-). During the Fujitsu Offer Period, Fujitsu shall (or, if applicable, shall cause Fujitsu Sub or its other applicable Affiliates to) (A) provide the Joint Venture with an opportunity to conduct reasonable due diligence on the Fujitsu Acquired Interest and (B) enter into exclusive discussions with the Joint Venture concerning a sale of the Fujitsu Acquired Interest to the Joint Venture. The Joint Venture shall have the right, but not the obligation, to make an offer to purchase all, but not less than all, of the Fujitsu Acquired Interest by providing written notice to Fujitsu (+IBwAPA-b+AD4-Joint Venture/Fujitsu Offer+ADw-/b+AD4gHQ-) at any time prior to the end of the Fujitsu Offer Period, such written notice to include in reasonable detail the terms on which the Joint Venture proposes to purchase the Fujitsu Acquired Interest. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(b) Any determination as to whether to make a Joint Venture/Fujitsu Offer, and the terms of such Joint Venture/Fujitsu Offer, shall be made by the Board of Managers. If a Joint Venture/Fujitsu Offer is made prior to the conclusion of the Fujitsu Offer Period, the Fujitsu Acquiring Party shall have thirty (30) days from its receipt of the Joint Venture/Fujitsu Offer in which to accept or reject the Joint Venture/Fujitsu Offer by providing the Joint Venture with written notice of its decision within such 30-day period, such decision to be made by the Fujitsu Acquiring Party in its sole discretion. If the Fujitsu Acquiring Party fails to provide the Joint Venture with written notice of its decision within such 30-day period, the Fujitsu Acquiring Party shall be deemed to have rejected the Joint Venture/Fujitsu Offer. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(c) If the Joint Venture does not make a Joint Venture/Fujitsu Offer prior to the conclusion of the Fujitsu Offer Period, or if the Fujitsu Acquiring Party rejects a Joint Venture/Fujitsu Offer, the Fujitsu Acquiring Party shall (and, if applicable, Fujitsu shall cause the Fujitsu Acquiring Party to) take all commercially reasonable steps to sell or otherwise divest the Fujitsu Acquired Interest as soon as reasonably practicable to an unaffiliated Person following the conclusion of the Fujitsu Offer Period or the 30-day period referenced in Section 5(b), whichever is later+ADs- +ADw-i+AD4-provided, however+ADw-/i+AD4-, if the Fujitsu Acquired Party rejected a Joint Venture/Fujitsu Offer pursuant to Section 5(b), the terms of sale to the unaffiliated Person shall be no more favorable than the terms set forth in the Joint Venture/Fujitsu Offer. +ACoAKgAqACo- Fujitsu Acquiring Party +ACoAKgAqACo- the Fujitsu Acquired Interest +ACoAKgAqACo- the Fujitsu Acquired Interest, +ACoAKgAqACo- the Fujitsu Acquiring Party +ACoAKgAqACo- the Fujitsu Acquired Interest +ACoAKgAqACo-. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-i+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as +ACoAKgAqACo-. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission. +ADw-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-4 +ADw-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center'+AD4- +ADw-hr size+AD0-3 width+AD0AIg-100+ACUAIg- noshade color+AD0AIgAj-999999+ACI- align+AD0-center+AD4- +ADw-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(d) The Parties agree that a Fujitsu Acquiring Party+IBk-s acquisition of a majority interest in a Person whose principal line of business is not a Competing Business but which has a division or operations that constitute a Competing Business shall not be deemed to be a breach of the obligations set forth in Section 3 for so long as Fujitsu and/or its applicable Affiliates are complying in all material respects with its obligations under this Section 5. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:24.5pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-6. +ADw-u+AD4-No Solicitation of Employees+ADw-/u+AD4-. +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(a) Without the prior written consent of the Board of Managers of the Joint Venture, each of the AMD Entities during the AMD Non-Solicitation Term, and each of the Fujitsu Entities during the Fujitsu Non-Solicitation Term, shall not (and each shall cause its Affiliates not to), directly or indirectly, either for itself or another Person, (i) hire or retain, or offer to hire or retain, as a director, officer, employee, partner, consultant, independent contractor or otherwise, any individual employed by or seconded to the Joint Venture or any of its Subsidiaries (+ADw-i+AD4-provided+ADw-/i+AD4- that such restriction shall not apply to any secondees as to whom the Joint Venture agrees are being seconded on a temporary basis or for a specific project) or (ii) solicit or encourage any individual to terminate his or her employment with the Joint Venture or any of its Subsidiaries, unless, in either such case, (A) the Joint Venture (and/or its applicable Subsidiary) has terminated the employment or secondment of such individual or (B) at least two (2) years has elapsed since such individual has voluntarily terminated his or her employment or secondment with the Joint Venture (and/or its applicable Subsidiary). +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(b) Without the prior written consent of Fujitsu, during the AMD Non-Solicitation Term each of the AMD Entities shall not (and each shall cause its Affiliates not to), directly or indirectly, either for itself or another Person, (i) hire or retain, or offer to hire or retain, as director, officer, employee, partner, consultant, independent contractor or otherwise, any individual employed by a Fujitsu Entity or any of its Affiliates or (ii) solicit or encourage any individual to terminate his or her employment with a Fujitsu Entity or any of its Affiliates, unless, in either such case, (A) the Fujitsu Entity (and/or its applicable Affiliate) has terminated the employment of such individual or (B) at least two (2) years has elapsed since such individual has voluntarily terminated his or her employment with the Fujitsu Entity (and/or its applicable Affiliates). +ADw-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span style+AD0-'font-size:7.5pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:48.95pt'+AD4APA-span style+AD0-'font-size:10.0pt'+AD4-(c) Without the prior written consent of AMD, during the Fujitsu Non-Solicitation Term each of the Fujitsu Entities shall not (and each shall cause its Affiliates not to), directly or indirectly, either for its
 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more