SEPARATION AGREEMENT AND GENERAL RELEASE

Exhibit 10.19

SEPARATION AGREEMENT AND GENERAL RELEASE

This Separation Agreement and General Release (“Agreement”) is made between Advanced Micro Devices, Inc., and its subsidiaries, joint ventures or other affiliates (collectively, “AMD”) and Mario Rivas (“Employee”).

1. Separation / Final Payments. Employee’s termination of employment with AMD will become effective June 1, 2008 (“Separation Date”). AMD will pay Employee his salary and accrued vacation earned through the Separation Date, subject to required payroll deductions and withholdings. Employee is entitled to these payments regardless of whether or not Employee signs this Agreement.

2. Special Consideration. Although AMD has no policy or procedure requiring payment of any severance pay or other benefits to terminating employees, in consideration of Employee’s release/waiver and other obligations as described herein, AMD will provide Employee with the following special consideration (“Special Consideration”) to which Employee would not otherwise be entitled:

3. Special Consideration Exclusions. Employee specifically acknowledges and agrees that the Special Consideration does not include, and that Employee is ineligible for, any type of compensation or benefit that is not specifically set forth in Paragraphs 1 and 2, including (without limitation) the following: any other bonus, profit-sharing or any other type of incentive compensation (including (without limitation) Vice President Long Term Incentive Plan (including cash and share based portions, if applicable) or Contribution Bonus participation); executive physical benefits; tax preparation or estate planning services; continued participation in any 401(k) retirement savings or deferred profit sharing programs; any type of equity award (including (without limitation) any stock option or restricted stock unit award); participation in AMD’s Employee Stock Purchase plan or disability insurance plan; or participation in AMD’s sabbatical program. As provided in the equity plan documents, Employee shall have 12 months from the Separation Date to exercise options vested as of the Separation Date.

4. Release and Waiver. In return for the Special Consideration, Employee agrees, on behalf of himself and all of his heirs and/or personal representatives, to release AMD, its subsidiaries, affiliates, successors and assigns, and all of their present or former officers, agents, employees, contingent and third-party workers, attorneys, employee benefit programs, and the trustees, administrators, fiduciaries and insurers of such programs, from any and all claims for relief of any kind, whether known or unknown, which in any way arise out of or relate to Employee’s employment or the conclusion of Employee’s employment with AMD. This release

and waiver includes events occurring at any time up to and including the date Employee executes this Agreement, including (without limitation) any and all statutory, contractual, tort or other common law claims, including (without limitation) all claims for wages, bonuses, incentive pay or other compensation. This release and waiver includes all such claims, whether under any applicable United States federal or state laws, ordinances, executive orders or other legal regulations or restrictions, and to the extent permitted by law, including (without limitation) the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, The Americans with Disabilities Act, the Older Workers Benefits Protection Act, the Equal Pay Act, the Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security Act, the Family and Medical Leave Act, the Texas Commission on Human Rights Act, the California Fair Employment and Housing Act and the California Family Rights Act. Employee understands that this release does not affect his rights, if any, to vested retirement benefits or COBRA benefits under AMD’s standard benefits programs applicable to Employee. Employee and AMD further agree that Employee does not release his rights for indemnity pursuant to the Indemnity Agreement, dated December 5, 2006, by and between AMD and Employee.

5. Release of Claims Under the ADEA. Employee acknowledges that he is knowingly and voluntarily waiving and releasing any rights he may have under the Age Discrimination in Employment Act. Employee understands that he has up to twenty-one (21) days from the date of his receipt of this Agreement to consider the terms of the Agreement and understands that if he does not accept this Agreement within such period, the Special Consideration offer is automatically withdrawn. Employee acknowledges that he has been advised by AMD to consult with an attorney concerning this Agreement, and that Employee had the opportunity to do so. Employees understands that if he signs this Agreement, Employee will have seven (7) days to cancel it if he so chooses. Employee may cancel/revoke this Agreement only by delivering written notice of cancellation to:

Jeff Worth

c/o Advanced Micro Devices, Inc.

5204 E. Ben White Blvd.

MS B600.1B-HR

Austin, TX 78741

email: jeff.worth@amd.com

If Employee elects to cancel/revoke this Agreement, Employee understands that he will not be entitled to receive any of the Special Consideration. Employee acknowledges that this Agreement is not effective or enforceable until the seven-day period expires without cancellation/revocation.

6. Confidential Information / AMD Property. Employee confirms his continuing obligation not to use or disclose any of AMD’s trade secrets or other confidential or proprietary information at any time. Employee further agrees to immediately return all AMD property Employee has in his possession. Employee acknowledges that while employed by AMD he may have had access to, acquired and/or assisted in the development of confidential and proprietary information, inventions and trade secrets relating to the present and anticipated business and operations of AMD, including (without limitation) product information, product plans, personnel data regarding employees of AMD, including salaries, and other information of a similar nature not available to the public. Employee agrees to keep confidential and not to disclose or use, either directly or indirectly, confidential or proprietary information, without the prior written consent of AMD, or until the information otherwise becomes public knowledge. Nothing in this Agreement shall supersede nor relieve Employee of the obligations of any other confidentiality agreement with AMD or at common law. Employee further agrees to return all AMD business records and all documents relating to AMD’s business he received while in AMD’s employ, including email; to identify all other AMD property Employee has in his possession immediately; and to return such other property as requested by AMD.

7. Nondisparagement/Confidentiality/References. Employee agrees not to make any statements that disparage the reputation of AMD, i