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 additiona
